Spectra

Permissionless yield protocol | Create pools, fix rates, trade yield, govern & earn | Formerly APWine

[Spectra @spectra_finance]

MetaVaults are now live!

→ https://t.co/vsVNwVyycQ

✅ Pool expiry cycles handled automatically
✅ New onchain business venue for curators
✅ YT yield auto-capture & autocompounding
✅ Single receipt token & more

Discover all the benefits ↓

[Clearstar Labs @ClearstarLabs]

Feeling overwhelmed with the amount of yield opportunities onchain?

Our @spectra_finance MetaVault is now the top-performing $USDC vault on the @katana network by finding and allocating to the best risk-adjusted yields in the ecosystem.

[Spectra @spectra_finance]

@FlareNetworks Yield Trading 🙌

[Spectra @spectra_finance]

For participants across the stXRP yield markets:

@Firelightfi released new information on Firelight Points and how they convert into early contributor rewards.

More on eligibility, timing, and claims in their post ↓

[Firelight @Firelightfi]

Early contributor rewards are almost here!

If you’ve accrued Firelight Points, you'll soon be able to claim your share of a dedicated emissions pool in $FXRP.

Get the full breakdown of eligibility, rewards, and the upcoming claims process. 👇

[Flare ☀️ @FlareNetworks]

stXRP from @Firelightfi. Fixed rates from @spectra_finance.

Lock in a known return for a set maturity. Another way to put XRP to work on Flare ☀️

[Merkl @merkl_xyz]

Every Spectra MetaVault comes Merkl-ready. If a position inside the vault earns incentives, they flow straight to depositors through automatic reward forwarding.

[Gaspard Peduzzi | Spectra @GaspardPeduzzi]

[2026 Yield Distribution Megapost]

The hardest part of onchain yield is no longer building the strategy. It's distribution. MetaVaults solve this and we're seeing increased interest around our stack for the following reasons ↓

Most yield strategies remain confined to the interface that issued them, with limited ways to access liquidity elsewhere. The reasons are mechanical: accounting that has to span multiple yield venues and reward sources, settlement that runs async, and no standard wrapper to carry the position across.

MetaVault's (MV) framework addresses each of these.

NAV accounting spans every destination the vault touches, including underlying yield, claimable rewards, standalone PT and YT, and fixed-term pools. The MV structure is async by design, which is what any strategy that can't be entered or exited atomically actually requires. And the vault itself surfaces as a single, clean token, denominated in USDC or WETH, that any interface can list and users recognize at ease.

That's what lets curators coordinate with asset issuers and network operators to distribute entire strategies across networks and interfaces.

What MetaVaults make possible:

- XRP on the front, automated PT-XRP sourcing from the Spectra order book
- cbETH on the front, async leveraged looping vaults underneath (live today)
- A tokenized equity such as TSLA on the front, with yield generated by a carry structure built around the asset
- Making a simple Morpho-vault accessible on a network Morpho is not yet deployed on

this is where it gets interesting for networks

Often a strong yield opportunity sits on one network while the engaged community sits on another. Network operators, particularly emerging ones, can bring these strategies to their users before the full yield infrastructure lands on their chain

Take a new L2 launching with an active community and a native asset, but no lending markets, no yield venues, and no liquidity depth. The usual path is to wait for the ecosystem to arrive or to pay heavy incentives to generate yield output that converts users

Instead, a MetaVault deployed on that chain can source yield from where it already exists: looping strategies on Base, RWA on Ethereum, fixed-term markets wherever they run deepest.

Users on the new chain access those strategies natively, in the asset they hold, through the interface they already use. The yield is real, sourced from mature venues, and it arrives on day one rather than in month twelve.

With MetaVaults, an emerging ecosystem gains liquidity and a working yield product without having to bring the stack first. The curator gets distribution to a fresh user base. The strategy gets liquidity it would never have reached otherwise.

MV's eligible destinations stay pre-defined and visible onchain, under curator timelock. NAV accounting handles all of it: underlying yield, claimable rewards, standalone PT and YT, fixed-term pools. A dedicated reward template is available in Merkl Studio.

Curators set their own performance and management fees, captured directly.

The Spectra interface is the first, though one of many, distribution points for a MetaVault. It can be installed on any interface, meeting users where they already are.

These are framework capabilities, and what gets built is up to the curator and the parties they coordinate with: asset issuers, LPs, and network operators.

If you're building yield that deserves a wider audience, we should talk - DMs are open, or find a dedicated form on the /metavault page in the Spectra app.

[Spectra @spectra_finance]

@FlareNetworks 🥳

[Spectra @spectra_finance]

Curators: passport a wide range of strategies with MetaVault V2.

MetaVaults are the most flexible vault framework available today. Capable of encapsulating a broad range of yield sources under one umbrella:

- Fixed-term pools
- Standalone PT and YT
- Synchronous yield-bearing assets
- Asynchronous yield-bearing assets
→ leveraged looping, carry trade, RWA
- Direct PT/YT order book access (this summer)

The strategy underneath can be as involved as it needs to be.

The MetaVault surfaces as a single, clean asset, denominated in any token that suits the strategy, whether USDC, WETH, or a tokenized equity such as TSLA, appearing on any interface as something users recognize and can supply to directly.

Its cross-chain agility lets a curator source yield from one network and bring it to another, ideal when an engaged community sits on one end and a strong yield opportunity on the other.

Each MetaVault ships with a dedicated @merkl_xyz template and automatic reward forwarding when a yield source has a claimable campaign attached.

Transparency sits at the core of every deployment: eligible destinations and parameters are pre-defined, visible onchain, and adjustable by the curator under timelock.

[Gaspard Peduzzi | Spectra @GaspardPeduzzi]

Q2 report is packed! Spectra positioned itself as a leading yield trading venue for XRP Finance, with over $160M in DEX volume this year.

Nearly all of that came from markets and vaults outside the emissions program. SGP-20 took emissions to zero this quarter, growth runs on usage now.

The highlight for me was seeing MetaVaults actually prove their core value prop. The $4M+ rollover through the GamiLabs MetaVault, where hundreds of LPs just stayed in position while the vault moved them into the new stXRP pools.

For those LPs, no manual unwinding, no hunting for new pool links, no re-entering was needed. That friction is where people usually dropped off, and it held back protocol growth. MVs take it off the table for anyone in them and support protocol's liquidity depth over time.

MVs took over a year of building, then months of BD and liquidity work, just to watch that first-of-many rollover happen. It's definitely a big step for onchain fixed-term markets.

Mid Q2, the team shipped MetaVault V2, the most capable vault framework on the market, offering cross-chain yield sourcing, PT/YT exposure, the ability to tap into async strategies, with order book support around the corner. All that in a transparent, verifiable fashion.

Much of the MV-related work these days centers on bringing institutional strategies onchain and shaping the stack around what they need: auditability, flexibility, and the range of yield sources they can tap into and surface.

Between the Vault Summit event at the NYSE in June and dozens of talks with industry leaders throughout this year, that demand is clearly ramping up, and it's where a lot of the infra effort goes.

a note on MV's agility: they can route liquidity where the opportunity is most optimal within its boundaries, whether Spectra's fixed-term pools, standalone PT and YT positions, or yield assets across protocols, adapting as conditions shift.

With emissions now at zero, the groundwork is set for the tokenomics upgrade we're actively working on, which will be surfaced on the governance forum for everyone's input.

Plenty planned for Q3 in parallel: order book, Stellar expansion, Base season, among others, positioning Spectra protocol for the next stage of growth.

[Spectra @spectra_finance]

https://t.co/vYodgiNq8T

[Uly | Spectra @Ulydev]

Excited to see Spectra MetaVault and PT architecture reviewed by the @yearnfi risk arm and listed with a "Low Risk" badge, with the same score as Aave's sGHO and Maple's syrupUSDC.

[Spectra @spectra_finance]

https://t.co/WqARz6B3L9

[Clearstar Labs @ClearstarLabs]

One entry point, top ETH performance on @base.

The Clearstar ETH MetaVault is now live on @spectra_finance

Participants remain allocated across the best ETH yield opportunities, now with additional cbETH incentives.

[Paige Horinek @HorinekPM]

Spectra’s new WETH Yield MetaVault (@ClearstarLabs, on @base): deposit ETH once and it flows across Spectra’s yield pools, auto-rolling at maturity and compounding as it goes.

cbETH rewards live now

[Spectra @spectra_finance]

@katana 🙌

[Spectra @spectra_finance]

Vault Address: 0x5fb79c4f8b6d8ccfb7fc804d8666042ac42c7928

MetaVault parameters, such as eligible destinations, timelock, fee structure, and settlement frequency, are visible onchain to all participants and determined by the curator.

[Spectra @spectra_finance]

New MetaVault: WETH Yield curated by @ClearstarLabs

An access point to ETH-denominated pools and strategies, deployed on @base. Now with cbETH rewards for participants.

Accessible on: https://t.co/vsVNwVy0ni

[Spectra @spectra_finance]

June rFLR rewards have been distributed to eligible Spectra @FlareNetworks participants.

Visit https://t.co/6EJP00ShNP for details, and follow the instructions to access rFLR.

[Spectra @spectra_finance]

Base summer is coming to Spectra 🟦

[Tangent @Tangent_fi]

We are thrilled to announce that $sUSG is live on @spectra_finance!

- Split into PT → Lock fixed rates on your principal
- Split into YT → Trade or leverage the yield
- Provide LP → Earn fees plus rewards of the pool

Link and details below 👇