SPECTRA
SPECTRA is the ecosystem token of the Spectra protocol.
Last updated
SPECTRA is the ecosystem token of the Spectra protocol.
Last updated
Ticker: $SPECTRA
Base: Mainnet: Optimism: Arbitrum:
The SPECTRA token inherits APW’s governance and utility characteristics. These include:
Vote on changes or improvements to the protocol
Ability to create a veSPECTRA Lock
Earn SPECTRA incentives for locking (as voted in SIP 0)
Gauge incentives participation
The SPECTRA token follows the same emission curve as APW. Additional utilities may be added through the governance process.
SPECTRA is now being tracked by:
Coinmarketcap (work in progress)
Liquidity Pools
SPECTRA follows the same incentives emission schedule as APW.
The formula for weekly emissions is the following:
1754940 * 0.989^(27+i) where i is the current weekly epoch (starting from 0, on Thursday 19 December 2024).
For example, during the 7 days from Thursday, February 23 2025 to Thursday, February 30 2025, 1754940 * 0.989^(27+5) = 1.231M SPECTRA will be distributed.
Starting at the 105th week, incentives emissions will stabilize at an annual rate of 1.8% of SPECTRA total supply (assuming all APW is migrated).
The circulating and total supply of SPECTRA can be publicly accessed through these API endpoints:
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).
Absolute Max Supply: 876,751,272
Circulating supply excludes locked tokens
Total supply includes circulating + locked tokens
DAO ecosystem reserve is not part of the circulating supply
Locking $SPECTRA earns revenues + a rebase, calculated as veSPECTRA.totalSupply / SPECTRA.totalSupply)^3 * 0.5 * weekly emissions
Other Facts
The theoretical max supply assumes no votes to reduce emissions and that all tokens are locked (unlikely in practice = the remaining max emissions could be less than stated above)
Weekly emissions and the rebase mechanism allow for ongoing adjustments, effectively lowering the realized max supply.
SPECTRA Max Supply is not $1B, nor is it infinite. Its max ceiling under the current emissions schedule and tokenomics are 876,751,272 units.
With Spectra governance contracts migrated to the Base Network and reliant solely on SPECTRA participation, the APW token lost its primary utility. The APW emissions ceased on Thursday, 19 December 2024, CET 02:00 AM.
• Emissions dynamically decrease over time, in line with the DAO-approved schedule per
Circulating Supply:
Total Supply:
Remaining APW to be migrated tracker
The is immutable, meaning it cannot be paused, destroyed, or burned by any party. As such, the APW will continue to exist on the networks where it has been deployed. However, if liquidity diminishes or disappears over time, major token trackers and DeFi platforms may no longer display or update it.
