Revolutionizing DeFi
The launch marks a significant milestone in the overall advancement of DeFi, as it introduces spETH, which is a proprietary risk taking token meant for synthetic assets. When users utilize spETH, they gain the ability to maximize the liquidity for their respective staked Ethereum assets, while simultaneously being given access to a wide range of trading opportunities as well as additional earning chances across the extensive DeFi protocols and applications within the platform.Spectrum has already garnered widespread acclaim after successfully onboarding renowned decentralized applications (dApps) like Standard Protocol, Light Bank, Layer Bank, Shoebill, Zapanki Swap, Wellxy, PrixmSwap, and iZUMi Finance. This integration is vital because it sets the stage for further expansion down the line as Spectrum looks to continue its innovative efforts towards integrating additional dApps going forward.
How Is Spectrum any different?
In terms of how Spectrum sets itself apart from various traditional staking platforms, it has introduced the innovative ‘Hexa Reward’ aspect, which provides a total of six rewards that also includes Ethereum APR, restaking rewards, EigenLayer Points for staking Ethereum assets, Etherfi loyalty points, KSP (Kroma Spectrum Point), and wemix.e airdrop. Kroma will airdrop 40,000 wemix.e based on accumulated KSP to users, providing a new type of re-staking reward. This benefit further underscores why Kroma is attracting significant attention from both the industry and users.Spectrum’s unique infrastructure has already drawn a lot of attention as the platform looks to position itself as a frontrunner in DeFi. Furthermore, Spectrum ecosystem participants are also rewarded with the KSP, otherwise known as Kroma Spectrum Points. These are attainable by holding spETH or by engaging in spETH-integrated device services and games on Kroma. KSP will also eventually be exchangeable for KRO tokens once they are released.
Lastly, in order to commemorate the launch, Spectrum has announced that it will host a special two week early access event which will double KSP points in order to enhance rewards for stakers on the platform. Meanwhile, Kroma remains steadfast in its dedication to working alongside other high-quality projects in order to further expand Spectrum’s growing ecosystem.