SPECTRA

Ticker: $SPECTRA

Deployed Contracts

Base: https://basescan.org/token/0x64fcc3a02eeeba05ef701b7eed066c6ebd5d4e51
Mainnet: https://etherscan.io/address/0x6a89228055c7c28430692e342f149f37462b478b
Optimism: https://optimistic.etherscan.io/address/0x248f43b622ce2f35a14db3fc528284730b619cd5
Arbitrum: https://arbiscan.io/address/0x64fcc3a02eeeba05ef701b7eed066c6ebd5d4e51

Token utility

SPECTRA can be locked into veSPECTRA to participate in Spectra DAO governance. Its current utilities include:

Ability to create a veSPECTRA Lock
Vote on changes or improvements to the protocol through veSPECTRA

Locks and governance voting rights remain in place. Gauge voting and the voting-incentives marketplace are paused while emissions are zero. Additional utilities may be added through the governance process.

SPECTRA is now being tracked by:

Coingecko
Coinmarketcap (work in progress)

Liquidity Pools

Emissions

Since 2 July 2026, weekly SPECTRA emissions have been zero under SGP-20. Epoch 80 was the last epoch with emissions. The pause covers gauge emissions, the Liquidity Wallet allocation, and the veSPECTRA rebase. See the implementation announcement.

Before this pause, SGP-19 had redirected 50% of gauge emissions to a DAO-controlled Liquidity Wallet. It also redirected the pool swap fees previously distributed through the ve(3,3) path to the DAO treasury. That treasury fee routing continues; locking SPECTRA currently earns neither direct pool swap-fee revenue nor a rebase.

Gauge voting and the voting-incentives marketplace are paused. veSPECTRA locks and protocol governance continue, as do LPs' pool swap-fee shares and underlying yield. A future governance proposal would be required to resume issuance.

Emission Schedule

The SPECTRA emissions schedule defines the amount of SPECTRA allocated to weekly emissions. Weekly minting is currently paused under SGP-20, so no SPECTRA is issued according to this schedule while the pause remains in effect.

The formula for weekly emissions is:

1754940 * 0.989^(27+i) where i counts weekly epochs starting from 0 on Thursday 19 December 2024.
For example, at epoch 5, the formula gives 1754940 * 0.989^(27+5) = 1.231M SPECTRA.
The formula decreases the scheduled amount over time under the DAO-approved schedule in SIP 0.

The schedule includes an annual rate of 1.8% of SPECTRA total supply from the 105th week. Actual weekly issuance remains zero under SGP-20.

The rebase formula is (veSPECTRA.totalSupply / SPECTRA.totalSupply)^3 * 0.5 * weekly emissions. With weekly emissions at zero, the rebase is also zero.

Token Supply API Endpoints

The circulating and total supply of SPECTRA can be publicly accessed through these API endpoints:

Circulating Supply: https://app.spectra.finance/api/v1/spectra/circulating-supply
Total Supply: https://app.spectra.finance/api/v1/spectra/total-supply

The methodology is the following: on all networks where SPECTRA is deployed, take the totalSupply() and sum all results. If you need the circulating supply, subtract balances of the Rewarder contracts and DAO treasury addresses (on all networks).

Supply Facts

Theoretical maximum supply under the original emissions model: 876,751,272
Circulating supply excludes locked tokens
Total supply includes circulating + locked tokens
DAO ecosystem reserve is not part of the circulating supply

Other Facts

The original theoretical maximum assumes no votes to reduce emissions and that all tokens are locked. It is a ceiling from that model, not a forecast of issuance under the current policy.
Governance changes to emissions and the rebase can reduce realized supply relative to that ceiling. SGP-20 currently pauses new issuance in full.