Spectra
SPECTRASpectra interest rate derivatives protocol
Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.03% | 4.19% | 18.52% | 1.66% | 26.20% | 189.82% |
Revenue & Burn
Protocol income
$2.93KBuyback funds
$2.93KBurn funds
--Buyback ratio
100.0%Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Oct 2026 | $2.93K | $2.93K | -- | 100.0% |
| Sep 2026 | $1.85K | $1.85K | -- | 100.0% |
| Aug 2026 | $839.9 | $839.9 | -- | 100.0% |
| Jul 2026 | $1.91K | $1.95K | -- | 101.8% |
| Jun 2026 | $2.66K | $4.03K | -- | 151.3% |
| May 2026 | $4.52K | $6.08K | -- | 134.4% |
Comparison
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| 0x8d29...0a75 |   SPECTRA | 31,996,454.7 | 32% | $121.5K |
| 0x42bd...96a1 | SPECTRA | 31,898,848.4 | 31.9% | $121.13K |
| 0x1b82...dc9f | SPECTRA | 10,187,500 | 10.19% | $38.68K |
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|---|---|---|---|---|---|---|
| 1 | SPECTRA/WETH | $0.00577 | $144 | $144 | $602 | 88.81% |
Follow Updates
Follow Lists
People
About Spectra
Spectra is a yield derivatives market built on Ethereum and other chains. Its core business is tokenizing future yields: users deposit interest-bearing assets (like sDAI or stETH) into smart contracts and receive two tokens—Principal Tokens (PT) representing the principal and Yield Tokens (YT) representing future yield. PT can be redeemed for the underlying asset at maturity, while YT can be traded freely, allowing users to buy or sell future yield in advance.
Its key competitive edge is the purpose-built AMM for yield trading, which optimizes pricing for time-decaying assets, plus MetaVaults that automate liquidity migration across maturity periods. The protocol is permissionless and cross-chain, enabling anyone to create yield markets on any asset.
Market pain points: traditional fixed-income markets are opaque and illiquid; DeFi users lack tools to hedge or speculate on future yields; and when yield vaults mature, liquidity often fragments and requires manual migration. Spectra solves this by separating principal and yield into tradable tokens, and MetaVaults automate the rollover process.
Recent development (2026-03-01 to 2026-09-01): In July 2026, governance proposal SGP-20 took effect, reducing weekly SPECTRA emissions to zero (epoch 80 was the last with emissions). This change only affects new token supply; protocol trading, fixed-term markets, MetaVaults, and fee generation continue normally. Despite the emission cut, protocol activity remained strong—DEX trading volume exceeded $160 million and TVL stood around $40 million. In June 2026, Spectra successfully executed a $5 million XRP liquidity rollover on Flare Network via MetaVaults, demonstrating automated migration across maturity periods without market disruption.
Negative event: In 2024, Spectra suffered a hack with losses of approximately $550,000.
Gaspard Peduzzi (Co-founder): CEO of Spectra Finance, previously founded APWine. Background in computer science from EPFL. Active on Twitter @GaspardPeduzzi.
Ulysse R. (Co-founder): Core contributor at Spectra Finance, with a background in blockchain development. LinkedIn: linkedin.com/in/ulydev.
Jean Chambras (Co-founder): Co-founder of Spectra Finance, formerly APWine. Studied cybersecurity at ETH Zürich and EPFL. LinkedIn: linkedin.com/in/jean-chambras.