. Spectrum will commence operations on the 14th of May, 2024, and is designed to provide users with an opportunity to leverage the potential of staking ETH, stETH, and eETH. By doing so, Spectrum empowers users to earn more within the decentralized finance sector.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.
Spectrum has already garnered widespread acclaim after successfully onboarding renowned decentralized applications 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.
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.
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