Streetbeat partners with Sperax to provide a 11% yield
By Edlyn Cardoza
Investment platform Streetbeat has partnered with Sperax, a market-tested and 100% collateralised DeFi product that pays weekly an 11% yield. Sperax’s novel auto-yield USDs stablecoin allows investors on the Streetbeat platform to benefit from passive income without technical or financial expertise.
Unlike many stablecoins that suffer from being algorithmic-based or whose collateralisation is off the chain and opaque, Sperax’s USDs is US-dollar pegged, operated fully on-chain, and is a fully crypto-collateralised stablecoin designed to overcome market conditions with continuous yields.
Damián Scavo, CEO at Streetbeat, commented: “The Streetbeat platform is designed to outperform the market through its usage of unique proprietary auto-trading strategies. Since launching Streetbeat earlier this year, we’ve been able to protect our clients from the worst of a market downturn since 1937; while the S&P500 has lost over 14% just in the last six weeks, our investors have largely broken even. After a deep due diligence, we are happy to include Sperax in our offering. We were impressed by the backing Sperax has from prominent investors and its vibrant community, its use of open-source technology and on-chain visibility. The Sperax stablecoin, increases the diversity of financial and digital assets available, making the Streebeat platform even more attractive to investors.”
Alec Shaw, Growth at Sperax, commented: “We’re delighted to partner with Streetbeat, opening up investment in our Sperax USDs auto yield stablecoin to a mainstream audience thanks to the tens of thousands of investors that have signed up on the Streetbeat platform. Streetbeat’s approach to bringing diversified investment strategies and auto trading for everything from stocks to crypto is the perfect home for Sperax USDs – the first auto yield Stablecoin.”
Streetbeat, LLC is an SEC-registered investment adviser that launched the Streetbeat platform and app in 2022. It is an easy-to-use investing and trading platform with diversified investment strategies for everything from stocks and ETFs to crypto and stablecoins. The platform is designed to offer exceptional returns with commission-free trading through a combination of professional, data-led strategies, auto trading algorithms, and access to hundreds of worldwide top stocks and leading cryptocurrencies.
IBSi Daily News Analysis
September 30, 2022
Is sustainable/green finance needed more than ever before?Read More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage
Other Related News
September 29, 2022