What is SPARTA
Spartan Protocol provides community-governed and programmable token emissions functions to incentivize the formation of deep liquidity pools. This strong base of liquidity will be utilized to provide asset swaps, synthetic token generation, lending, derivatives and more. The common base asset SPARTA provides an internal pricing mechanism without reliance on external oracles. Binance Smart Chain was chosen as the protocol’s home to allow for near-instant settlement and extremely low gas fees. The heart of the Spartan Protocol is its incentivised liquidity pools, driving on-market capital formation. The liquidity pools are facilitated by an automated-market-maker (AMM) algorithm with liquidity-sensitive fees. Liquidity-sensitive fees ensure the system can sense correct token purchasing power at all times, allowing scalable and risk-tolerant growth. The Spartan Protocol allows the generation of synthetic assets, using price anchors offered by its own liquidity pools, collateralised by liquidity pool shares. Liquidity pool shares are on-market, value-stabilised and can be instantly liquidated. Liquidity-sensitive fees ensure positions taken up will scale with the depth of available liquidity, preventing deleveraging spirals common to other systems.