Uly | Spectra

Co-founder @Spectra_Finance | prev. @Amazon @Parallel cs @epfl
Building products in web3 and decentralised finance.

[Gaspard Peduzzi | Spectra @GaspardPeduzzi]

Order books are about to change how markets get built on Spectra.

First: bootstrapping fixed-term markets no longer depends on the prevailing AMM curve. Resting orders can sit on both sides of the book at rates a market maker is comfortable with.

Those resting orders can be placed in a yield-bearing asset, so the asset stays productive while it waits to be filled.

Second: the order book arrives on Stellar first, with USDC and EURC markets initially planned to open.

EURC supply rates on Stellar have held above 5% through this year, and USDC rates sit above what comparable EVM markets have offered.

Stellar sees rapid DeFi growth (from $9M to $215M in 2 years) on its own with users and liquidity that has stayed largely within the network. That makes this the right moment to connect those opportunities with EVM.

Curators will be able to reach Stellar yield via a MetaVault deployment on EVM, with built-in order book access. For users wanting direct access to Spectra's opportunities there, we'll share useful information on how to get started.

We're building big time. Official rollout coming soon!

[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

[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.

[yearn @yearnfi]

Yearn's risk team released a new tool highlighting dependency risk across different protocols

Quick explainer on how to use this new tool

[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]

Order Book. This Summer.

[Uly | Spectra @Ulydev]

stXRP yield trading is the leading contributor here. The main stXRP pool on Spectra also just crossed $10M in liquidity.

Side note: Spectra currently ranks among top protocols by fees paid to @FlareNetworks

[Spectra @spectra_finance]

Spectra DEX volumes on @FlareNetworks are surging, with the strongest weekend on record.

[Uly | Spectra @Ulydev]

Great to see MetaVaults surfacing in externally operated interfaces, opening the Spectra ecosystem to a broader audience

Kudos to the @katana team for shipping a dedicated, sleek and clean UI around MVs!

[Spectra @spectra_finance]

Spectra MetaVaults are now accessible via the Earn initiative of the flagship @Katana App.

The first deployment curated by @ClearstarLabs is now featured.

Preview performance metrics, composition breakdown, and more.

[Uly | Spectra @Ulydev]

@Dune great initiative! please label the following as Spectra:
0x1f98f0eb72505e6a319431507aa7f05f6322f88b

[lodelascripto (Néstor) @lodelascripto]

The FXRP MetaVault curated by @GamiLabs on @spectra_finance remains the top vault tracked by DefiLlama for XRP in the industry.

https://t.co/mNQgPvRbqD

[Gaspard Peduzzi | Spectra @GaspardPeduzzi]

Spectra Q1 2026 Ecosystem Report

A lot happened in Q1 - here's where we are (1/9)↓

[Gaspard Peduzzi | Spectra @GaspardPeduzzi]

Monitoring the @Firelightfi cap raise, with >$10M of FXRP converted into stXRP in the first minutes.

On Spectra, @GamiLabs routed its MetaVault FXRP liquidity toward stXRP in seconds after the lift.

Plus, there's a dedicated Firelight Points multiplier for Spectra YT & LP users

[Finanzgoblin @finanzgoblin]

The PT looping play on @katana morpho is gaining traction as vbUSDT borrowers are now getting paid to borrow.

I've scanned the top loopers leveraging @spectra_finance to see what they're doing and how to get the 3-digit rate.

details, ingredients & links ↓

[Uly | Spectra @Ulydev]

https://t.co/jrrkkAPQsf

[Absolute Unit @largeunit]

https://t.co/QH8MoXMN6r

[Spectra @spectra_finance]

Introducing Flare XRP Yield Prime MetaVault for the @FlareNetworks ecosystem, curated by @GamiLabs

Get started with FXRP & stXRP
→ https://t.co/vsVNwVy0ni

Automated and optimized XRP yield, rFLR rewards & more. Explore ↓

[yearn @yearnfi]

New looping opportunity! There is a new @spectra_finance fixed yield position available for our @katana USDC vault paying 8% with a 4% borrow cost.

The pool has limited liquidity for this trade, so you may be able to outmaneuver the big boys. But you will have to be quick!

[Uly | Spectra @Ulydev]

There's always something going on in the Flare<>Spectra XRP universe

Even in the current state of the market, it's vibrant and active with hundreds of users trading yield and deploying liquidity

[Spectra @spectra_finance]

450,000+ fresh stXRP @Firelightfi units deployed on Spectra past 24h

[Spectra @spectra_finance]

If you've ever listed a yield-bearing asset on fixed-term markets, you know this cycle:

Deploy pool → announce → attract liquidity → trading activity → pool expires → TVL drops → re-deploy → re-announce → re-ignite activity

Each expiration results in hundreds of users unwinding positions. BD efforts reset. Devs swap out integrations for new pool addresses.

User flows and integrations break. The documentation and marketing posts are outdated and point to pools that no longer operate.

We love Pools.

They unleash a powerful Principal and Yield Token trading environment.

But Pools are not the optimal entry point for liquidity providers. The overhead of managing expiries, rollovers, and YT output shouldn't fall on the user.

That's why we built MetaVaults.

One permanent vault address. Liquidity rollovers and market rotations are handled for LPs. YT yield compounds back into LP positions.

No expiry cycle. No re-deployment. No broken integrations.

For projects: your users supply once, your vault address never changes, and liquidity compounds instead of resetting every few months - with a ready-made @merkl_xyz Spectra MetaVault template to get started.

A perpetual-like experience for liquidity providers unlocks deeper liquidity in fixed-term pools, efficient integrations - PT looping setups, and more.

Each unit of liquidity in a MetaVault is productive across multiple layers beneath it simultaneously: fixed-term pools, the automation layer, and the underlying yield sources.

One entry point, compounding utility throughout the stack.

If you're a project looking to streamline your yield infrastructure, or a curator ready to operate vaults on behalf of others, MetaVaults are live:

→ https://t.co/VvsHwzFSw3
→ https://t.co/LziMB16FmF

[Spectra @spectra_finance]

KAT Rewards are now live on Spectra @katana MetaVaults ⚔️

Discover them at https://t.co/vsVNwVy0ni

[Uly | Spectra @Ulydev]

Proud of our team.

Almost 6 years of building, from APWine to Spectra.

Ups and downs, bear markets, tough moments.
We kept building.

Today we're leaner, more focused, and more efficient than ever. Small team, shared vision, relentless execution.

Next chapter starts now.

[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 ↓