# Tapio Finance

> Supercharging Correlated Assets

Tapio Finance is a capital-efficient DEX for correlated assets that introduces Self-Pegging Assets maintaining stable value while generating yield.

Tapio Finance helps DeFi users trade correlated assets efficiently through a capital-efficient DEX that introduces Self-Pegging Assets powered by a dynamic StableSwap AMM. With it, users can mint SPA tokens by depositing correlated assets, trade at low slippage, and earn yield through trading fees and rewards. Tapio removes external oracle dependency and integrates directly with Pike lending infrastructure for enhanced capital efficiency.

- Type: Company
- Sector: Finance
- Status: Announced
- Founded: 2021-11-01
- Profile: https://thegrid.id/profiles/tapio_finance

## Products

- [Tapio Protocol](https://thegrid.id/profiles/tapio_finance): Tapio Protocol is a capital-efficient DEX for correlated assets that introduces Self-Pegging Assets powered by a dynamic StableSwap AMM, removing external oracle dependency while maintaining price stability through built-in mechanisms and buffer systems. (Decentralised Exchange, Early access, Main Product)

## Assets

- [Wrapped Self-Pegging Asset (WSPA)](https://thegrid.id/profiles/tapio_finance): WSPA is a wrapped, non-rebasing ERC-4626 token representing SPA on Tapio Finance's Ethereum-based DEX for correlated assets. It is used to hold SPA exposure in a stable-balance format compatible with DeFi lending and collateral protocols. Unlike SPA, which adjusts balances through rebasing, WSPA accrues value internally, making it suitable for protocols that require predictable token balances. (Wrapped Tokens)
- [Self-Pegging Asset (SPA)](https://thegrid.id/profiles/tapio_finance): SPA is a rebasing vault token representing shares in Tapio Finance liquidity pools for correlated assets. It is used to earn yield from trading fees and underlying asset rewards, with balances automatically increasing through rebasing as the pool generates returns. The token can be wrapped into wSPA for compatibility with lending protocols and other DeFi applications that require non-rebasing tokens. (Vault Tokens)

## Links

- [Main](https://tapio.finance)
- [Documentation](https://docs.tapio.finance)
- [Blog](https://mirror.xyz/tapiofinance.eth)
- [Twitter / X](https://x.com/tapiofinance)
- [Discord](https://discord.com/invite/CZWCCtD6mG)
- [LinkedIn](https://linkedin.com/company/tapiofinance)
- [GitHub](https://github.com/nutsfinance/tapio-eth)

## Legal

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Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
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- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP