羊毛出在猪身上？一文读懂Arbitrum上首个游戏化DEX：Sparta Dex
The appearance of SpartaDex breaks this perception, no longer simply reusing the logic of DeFi, but expressing the behavior logic of DEX in a gamified way, making a product that is both DeFi and GameFi. Users can view it from the perspective of DeFi and also experience it as a game player.
For this innovation, the veDAO Research Institute has specifically reviewed and dissected the project. In fact, some KOLs have already analyzed SpartaDex and evaluated it as "羊毛出在猪身上". What exactly is SpartaDex? Let's take a look.
Official website:
Twitter:
https://twitter.com/Spartadex_io
More information:
https://app.vedao.com/projects/2c89c34e2cee6c118e80e05ceed31bc2275ae55c2bc625ed64447e6c4e66b61a
Project Introduction:
SpartaDex is the first decentralized exchange on the Arbitrum ecosystem to be presented in a gamified manner. It is currently in the testnet phase and is expected to go live on the mainnet in May this year. SpartaDex brings the trading atmosphere and characteristics of Deversifi into Arbitrum, turning various operations in the DEX into gameplay, such as building one's own house to earn profits. By combining the full-featured decentralized exchange functionality with the ancient Spartan-themed game, users can experience the fun of the game while interacting with the DEX.
At present, SpartaDex mainly consists of three major parts: NFT+DEX+RTS Game.
First is NFT: Before experiencing the SpartaDex product, users need to mint an NFT of the ancient Greek city Polis. It is worth noting that the minting of NFT itself is free, it is a tangible expression of users adding LP, but to make your NFT effective, users need to inject at least $100 of liquidity.
Next is DEX: According to the official introduction of SpartaDex, its DEX uses real income, with token staking participating in dividends (DEX fees, GameFi fees). Compared to the dullness and cold storage of traditional DeFi, SpartaDex provides a new paradigm for the future development of DeFi: turning LPs into NFTs in GameFi (similar to Uniswap V3).
Finally, the Game part, SpartaDex provides users with a real-time strategy (RTS) battle game similar to "Kingdom Awakening" and "Kingdom Era".
In SpartaDex, every operation based on the DEX is presented in the form of a game. For example, users' LPs become armies to conquer territories, and the performance of LP earnings is called loot; or users' staking pools are represented as city-states in the game, and users' mining behavior for the city-states is seen as obtaining APY, and users' upgrading and maintenance of the city-states is seen as adding liquidity, and so on.
The development results of each city-state are stored in the NFT, making highly developed settlements more valuable and popular in the secondary market. More importantly, the higher the level of the Polis Senate, the higher the APR obtained by users through staking LPs.
According to Twitter blogger CapitalismLabs, the level of the Sparta city-state determines the increase in LP mining income, a model that can be compared to CRV. Users purchase CRV and lock it into veCRV to increase LP mining income, with the longer the lock-up period, the greater the increase. In Sparta, users upgrade the city-state level through gameplay or purchase higher-level city-states to increase LP mining income, with the higher the level, the greater the increase.
Liquidity Loyalty
SpartaDex can make LP providers more loyal to the product: DEX often faces the problem of traders' commitments and lack of community, with users leaving competition for even a small economic benefit, taking their liquidity with them. By integrating the game layer, Sparta has planted the seeds of loyalty in the hearts of every user and nurtured them through daily tasks and commitments.
SpartaDex advocates that "time is money", unlike traditional DEX, where users add liquidity and create LPs and then leave it. In SpartaDex, users not only earn normal income from staking LPs, but also further increase their yield through game content: attacking others, developing city-states, and other means.
Although SpartaDex has three elements, overall, the core logic of SpartaDex is simple: to allow NFT-ized LPs to earn higher income through gameplay.
In addition, in SpartaDEX, the Surrender Tax model is used to protect all users in the ecosystem from the uncertainty of liquidity. As users lock liquidity for longer periods, the wear and tear on unlocking liquidity decreases.
SpartaDex provides two modes: gamified mode and traditional mode. This duality allows users to trade through a simplified and intuitive interface without participating in the game layer. In this way, SpartaDex appeals to both DeFi and GameFi enthusiasts.
For the series of measures taken to enhance liquidity loyalty, SpartaDEX can attract other DeFi protocols to use their tokens as LP incentives, which is "羊毛出在猪身上". Twitter blogger RainSleepingInTheRain believes that from the perspective of DeFi, it increases the complexity of adding liquidity itself—if the returns are high, DeFi LPs are more willing to participate in this game. If the returns are lower than expected, the complexity becomes a high barrier. From the perspective of mining, Sparta must attract liquidity in the short term to increase LP returns and token prices, while also reducing selling pressure.
Therefore, the true ceiling of the SpartaDEX ecosystem lies in the BD capabilities of the team itself. If it can indeed attract other major liquidity providers in the industry to join, then SpartaDEX can achieve a positive flywheel effect; otherwise, if there is no external liquidity entering, the depletion of the SpartaDEX ecosystem itself will come much earlier.
SpartaDEX Ecosystem Introduction
Currently, the SpartaDEX ecosystem consists of two categories and 10 types of buildings:
First is the DeFi category buildings:
Senate: Equivalent to Uniswap's LP, users add liquidity in the Senate. This building can be upgraded, provided that all other buildings are at least at the same level as the Senate. Its level determines the APR of LP staking. In addition, the Senate also implements the function of single-asset staking.
Market: Equivalent to the Trade section of DEX, the operating principle is the same as all decentralized exchanges. Users can trade the tokens they own and the tokens they want to obtain, select the amount, confirm the transaction, and adjust the slippage.
Next is the game category buildings:
Wall: City-state defense.
Academy: Necessary conditions for city-state technology upgrades.
Barracks: Recruit and upgrade troops.
Temple: Use gems to pray and receive mysterious rewards.
Treasury: Acts as a warehouse to protect other resources obtained by users.
Timber Camp: Necessary resources for building construction and upgrades.
Quarry: Necessary resources for building construction and upgrades.
Gold Mine: Mining gold, necessary resources for building upgrades and troop recruitment.
How does it work?
First, pre-game preparation:
The first thing to do before using the testnet is to add the Polygon Mumbai testnet to your Metamask.
Visit
Enter "mumbai" and select "include testnet"
Select "Mumbai" and add it to Metamask.
Now it's time to claim test tokens. This operation consists of two steps:
- Get test $MATIC tokens on the Polygon Mumbai network
You can use one of several available faucets to do this. Our recommendation is:
Get 0.5 $MATIC every 24 hours. This amount is sufficient for a full trial of the testnet.
- Obtain test tokens for swapping and add liquidity
For this, we have prepared a dedicated faucet from which you can claim tokens:
https://testnet.spartadex.io/faucet
You can access the testnet from the following link:
Second, after entering the game:
After entering the testnet page, you will see this beautiful scenery. This is the main screen of SpartaDEX, displaying your city-state and a side menu for quick, alternative access to each building. At the top, you can also see the switch button between the two modes: Game and DEX. The currently connected wallet and network can be seen at the bottom of the menu.
If this is your first interaction with SpartaDEX, clicking on any building will pop up a window prompting you to create a city-state. You can start playing now, or just use the decentralized trading function.
If users want to experience the game part of SpartaDEX, they need to add $100 liquidity to mint the city-state NFT.
After entering the city-state, users need to build and upgrade buildings one by one. When players build barracks, they can train troops to attack other neutral targets or players (the multiplayer version is not yet online), and earn rewards.
The rewards mainly consist of map NFT fragments. Players can participate in the draw by collecting map NFT fragments and eventually minting the map NFT. The specific prizes are currently unknown.
Token Economics:
The native token of the SpartaDEX ecosystem is SPARTA. Its token economics and mechanisms are designed to provide broad utility and low inflation.
SPARTA tokens have many practical uses:
-
Can be locked in single-asset staking to earn real income from exchanges and game revenue
-
SPARTA stakeholders can participate in monthly voting for new project liquidity pool, which are eligible for SPARTA token ecosystem rewards (governance)
-
Users can use SPARTA to purchase advanced in-game currency - gems - to develop their Polis faster and increase the APR of the liquidity they provide
SPARTA tokens accumulate value from income from DeFi exchanges and the game itself. All income (excluding NFT royalties) will be divided into 3 equal pools, each used for:
-
Burning (or purchasing and burning)
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Income for single-asset stakers
-
Further development
To prevent inflation, 75% of the ecosystem rewards (staking LP rewards, constituting the largest supply) will be automatically transferred to the single-asset staking pool. Users earn income from single-asset staking and participate in governance. However, withdrawing funds will be associated with a surrender tax or unstaking period. Users can withdraw funds immediately, sacrificing 50% (2/3 of which will be destroyed, 1/3 will be allocated to stakers), or choose an unstaking period of 1 to 100 days, with a daily reduction of 0.5% fee.
Currently, SpartaDEX has partnered with DAOMaker and will conduct an IDO in the near future.
https://daomaker.com/launchpad
In addition, SpartaDEX will also distribute a portion of SPARTA through blind mining and airdrops. Blind mining accounts for 80% of the distributed tokens, and users mine by locking liquidity, with longer lock-up periods resulting in higher mining returns; airdrops account for 20% of the token distribution and will be released in several stages.
Although SpartaDex has not proposed a new financial Lego building logic, the innovative combination is still worth our attention. Whether this model will become the paradigm for the next cycle of projects is currently uncertain, but it is at least an interesting attempt.
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