update pegmechanism

DefiLlama · Sep 17, 2024 · 1c98414 · 1c98414
1 parent 7f6bff7
commit 1c98414
Showing 1 changed file with 1 addition and 1 deletion.
diff --git a/src/peggedData/peggedData.ts b/src/peggedData/peggedData.ts
@@ -647,7 +647,7 @@ export default [
     gecko_id: "sperax-usd",
     cmcId: "17285",
     pegType: "peggedUSD",
-    pegMechanism: "algorithmic",
+    pegMechanism: "crypto-backed",
     priceSource: "defillama", // does not liquidity on curve
     auditLinks: null,
     twitter: "https://twitter.com/SperaxUSD",