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SPOT Protocol

SPOT Protocol

SPOT is a decentralized, low-volatility store of value, also described as a flatcoin, designed to be a stable, inflation-resistant, and censorship-resistant unit of account. It operates through a system of perpetual tranching and is over-collateralized by assets like Ampleforth (AMPL). SPOT aims to provide high, sustainable yields through liquidity provisioning for stablecoin pairs, such as the SPOT/USDC pair on Uniswap V3, generating returns from trading fees that persist even in sideways markets.
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Description

Spot is a low volatility store of value that works by perpetual tranching. It was born out of the belief that a sufficiently stable decentralized flatcoin could eliminate inflation. The SPOT:USDC LP position on Uniswap V3 exposes holders to limited volatility in exchange for higher sustainable yields. Providing liquidity for stablecoin pairs is one of the best ways to generate real yield in DeFi today. Spot's liquidity provisioning yield is harvested from price volatility, allowing it to persist through sideways markets, unlike typical high-yield stablecoin programs that rely on demand for leverage which disappears in bear markets.