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Sperax is an open-source development team focusing on creating software solutions based on the Sperax protocol, which was founded in late 2019. Sperax has produced the first auto-yield stablecoin, $USDs, and a suite of DeFi applications using the Sperax token ($SPA).Launched in 2020, Sperax is headquartered in NYC. After envisioning a Sperax Layer 1 blockchain, the team transitioned to building the first auto-yield bearing stablecoin: Sperax USD (USDs). Sperax��s roadmap is to construct a full-stack DeFi ecosystem based on USDs. As the USDs ecosystem expands through organic and partnership growth, the team plans to vitalize the L1 conceived during the company��s incipient stage.