SPECTRA

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On December 17, 2024, following SIP3arrow-up-right, the SPECTRA token was introducedarrow-up-right, replacing APW as Spectra's ecosystem token. Find the migration guide herearrow-up-right.

Ticker: $SPECTRA

Deployed Contracts

Base: https://basescan.org/token/0x64fcc3a02eeeba05ef701b7eed066c6ebd5d4e51arrow-up-right Mainnet: https://etherscan.io/address/0x6a89228055c7c28430692e342f149f37462b478barrow-up-right Optimism: https://optimistic.etherscan.io/address/0x248f43b622ce2f35a14db3fc528284730b619cd5arrow-up-right Arbitrum: https://arbiscan.io/address/0x64fcc3a02eeeba05ef701b7eed066c6ebd5d4e51arrow-up-right

Token utility

The SPECTRA token inherits APW’s governance and utility characteristics. These include:

• Vote on changes or improvements to the protocol
• Ability to create a veSPECTRA Lock
• Earn SPECTRA incentives for locking (as voted in SIP 0)
• Gauge incentives participation

The SPECTRA token follows the same emission curve as APW. Additional utilities may be added through the governance process.

SPECTRA is now being tracked by:

• Coingeckoarrow-up-right
• Coinmarketcap (work in progress)

Liquidity Pools

• SPECTRA/cbETH on Aerodrome (Base)arrow-up-right
• SPECTRA/WETH on Uniswap (Base)arrow-up-right

Emission Schedule

SPECTRA follows the same incentives emission schedule as APW.

The formula for weekly emissions is the following:

• 1754940 * 0.989^(27+i) where i is the current weekly epoch (starting from 0, on Thursday 19 December 2024).
• For example, during the 7 days from Thursday, January 23 2025 to Thursday, January 30 2025, 1754940 * 0.989^(27+5) = 1.231M SPECTRA will be distributed.
• • Emissions dynamically decrease over time, in line with the DAO-approved schedule per SIP 0arrow-up-right

Starting at the 105th week, incentives emissions will stabilize at an annual rate of 1.8% of SPECTRA total supply (assuming all APW is migrated).

Token Supply API Endpoints

The circulating and total supply of SPECTRA can be publicly accessed through these API endpoints:

• Circulating Supply: https://app.spectra.finance/api/v1/spectra/circulating-supplyarrow-up-right
• Total Supply: https://app.spectra.finance/api/v1/spectra/total-supplyarrow-up-right

The methodology is the following: on all networks where SPECTRA is deployed, take the totalSupply() and sum all results. If you need the circulating supply, subtract balances of the Rewarder contracts and DAO treasury addresses (on all networks).

Supply Facts

• Absolute Max Supply: 876,751,272
• Circulating supply excludes locked tokens
• Total supply includes circulating + locked tokens
• DAO ecosystem reserve is not part of the circulating supply
• Locking $SPECTRA earns revenues + a rebase, calculated as veSPECTRA.totalSupply / SPECTRA.totalSupply)^3 * 0.5 * weekly emissions

Other Facts

• The theoretical max supply assumes no votes to reduce emissions and that all tokens are locked (unlikely in practice = the remaining max emissions could be less than stated above)
• Weekly emissions and the rebase mechanism allow for ongoing adjustments, effectively lowering the realized max supply.
• SPECTRA Max Supply is not $1B, nor is it infinite. Its max ceiling under the current emissions schedule and tokenomics are 876,751,272 units.
• Remaining APW to be migrated Dashboard arrow-up-righttracker arrow-up-right

APW (Previous ecosystem token)

The APW token contractarrow-up-right is immutable, meaning it cannot be paused, destroyed, or burned by any party. As such, the APW will continue to exist on the networks where it has been deployed. However, if liquidity diminishes or disappears over time, major token trackers and DeFi platforms may no longer display or update it.

With Spectra governance contracts migrated to the Base Network and reliant solely on SPECTRA participation, the APW token lost its primary utility. The APW emissions ceased on Thursday, 19 December 2024, CET 02:00 AM.

Updated on: 01/03/2026