sperax-spa-staking

name	sperax-spa-staking
description	Guide to SPA token staking, veSPA governance, and xSPA rewards in the Sperax ecosystem. Covers lock mechanics, voting power, reward claiming, and governance participation. Use when explaining SPA tokenomics, helping users stake, or answering governance questions.
metadata	{"openclaw":{"emoji":"🔒","homepage":"https://docs.sperax.io"}}

SPA Staking & Governance Guide

The Sperax governance system uses a vote-escrowed model: lock SPA to get veSPA, which gives governance voting power and protocol fee rewards.

Token Overview

SPA — Governance & Value Accrual

Property	Detail
Chain	Arbitrum One
Address	0x5575552988A3A80504bBaeB1311674fCFd40aD4B
Value accrual	30% of USDs yield + 100% of protocol fees → buyback-and-burn
Also on	Ethereum: 0xB4A3B0Faf0Ab53df58001804DdA5Bfc6a3D59008

veSPA — Governance Power

Lock your SPA for 7 days to 4 years to receive veSPA:

veSPA = SPA × (lockup_days / 365)

• Minimum lock: 7 days
• Maximum lock: 4 years (1,461 days)
• Decay: veSPA decays linearly toward your lock expiry
• Rewards: 100% of USDs protocol fees + 420,000 xSPA/week

Example: Lock 1,000 SPA for 2 years → receive 2,000 veSPA (decaying over time)

xSPA — Reward Token

xSPA is the reward distributed to veSPA stakers weekly (Thursdays UTC).

Option	What happens
Stake xSPA → veSPA	1:1 ratio, but requires ≥180-day lock
Redeem xSPA → SPA	0.5–1.0 SPA over 15–180 days

Redemption formula:

Receivable SPA = (xSPA × (redeemDuration + 150)) / 330

• Redeem over 15 days → ~0.5 SPA per xSPA
• Redeem over 180 days → 1.0 SPA per xSPA

Staking Walkthrough

Step 1: Get SPA on Arbitrum

Buy SPA on Arbitrum One via any DEX (Camelot, Uniswap). If you have SPA on Ethereum, bridge it to Arbitrum first.

Step 2: Lock SPA → veSPA

1. Go to app.sperax.io
2. Navigate to the Staking section
3. Choose lock duration (longer = more veSPA)
4. Approve and lock SPA

Step 3: Earn Rewards

• Fees: Distributed weekly in USDs
• xSPA: 420,000 xSPA distributed weekly (per SIP-66)
• Claim: Visit the Staking page to claim accumulated rewards

Step 4: Manage xSPA

Choose to either:

• Stake into veSPA (1:1, but requires ≥180-day lock)
• Redeem to SPA (0.5–1.0 ratio based on vesting period)

Governance Process

Sperax uses a 4-phase governance model:

Phase	Activity	Duration
Phase 0	Discord ideation	Open-ended
Phase 1	Forum SIP proposal	48-hour discussion minimum
Phase 2	Snapshot vote	3 days, veSPA-weighted
Phase 3	Engineering implementation	Varies

Voting: Snapshot.org with veSPA weighting

• Quorum: 200M veSPA
• Passing: >50% Yes votes

Snapshot: https://snapshot.box/#/s:speraxdao.eth

Key Contracts (Arbitrum)

Contract	Address
SPA	0x5575552988A3A80504bBaeB1311674fCFd40aD4B
veSPA Proxy	0x2e2071180682Ce6C247B1eF93d382D509F5F6A17
xSPA	0x0966E72256d6055145902F72F9D3B6a194B9cCc3

Agent Tips

When helping users with SPA staking:

1. Emphasize the tradeoff: longer lock = more veSPA = more rewards, but less liquidity
2. xSPA redemption: longer redeem period = better ratio (max 1:1 at 180 days)
3. Check current APYs at app.sperax.io before recommending
4. Governance requires veSPA — you must lock SPA first

Links

• Sperax App: https://app.sperax.io
• Sperax Docs: https://docs.sperax.io
• Governance Forum: https://snapshot.box/#/s:speraxdao.eth
• SperaxOS: https://sperax.io