HyperStake more than just Staking!

Spherium Finance
2 min readMay 8, 2023

Be Ready to be blown away by the choices of Staking available in our decentralised protocol platform called HyperStake.

As we enter the month of May, we would like to provide our community with some exciting updates and what to expect in our. Staking Multi-chain called HyperStake platform first coming to Arbitrum Chain!

Our diverse staking pools are designed to provide you with maximum flexibility, allowing you to choose your staking strategy to optimize your APYs such as flexible staking, dynamic staking and Liquidity Pools farming and Ethereum liquid staking**.

HyperStake will offer a range of staking pools for $SPHRI initially and then other popular tokens such as $ARB, USDT and USDC ensuring that you have access to the staking options that work best for you and brings your maximum value.

Keep an eye often on our staking dashboard for exciting APYs offered, some of these incentives will highly rewarding for our users and limited to certain size of liquidity. Since this will be a FCFS Service.

Farming on our staking protocol will effectively mean supporting our ecosystem grow into the next stage.

With HyperStake launching on arbitrum, projects that do not have an integration on Arbitrum chain can use our efficient, and fast bridge at free of cost, to bridge their tokens, and then access our staking solution.

DM team spherium on Twitter or contact@spherium.finance for more details.

And Lastly, An update on HYPERSWAP.

We are excited to announce that our Dex- HyperSwap is ready to launch. Our team has been working tirelessly to build a reliable and secure platform that offers a seamless user experience for swapping and trading crypto assets.

However, without adequate liquidity that comes from projects and market, our Dex cannot function effectively, and traders may face difficulties in executing trades. As a result, we have decided to hold off on the launch until the market conditions improve.

We understand that this news may disappoint some of our users who have been eagerly waiting for the launch. However, we believe that it is the responsible decision to ensure a successful launch and a positive user experience.

We want to assure our community that we are monitoring market conditions and working on ways to improve liquidity. We will keep our community updated on any developments while we continue to work on further enhancements to our Dex

We appreciate your understanding and support as we work towards a successful launch.

** Liquid staking program will come in phases..

Best regards,

Spherium Team.

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