SheepDex

SheepDex is a transparent, private, and secured-credit decentralized liquidity concentrated platform for spot and derivatives trading. It offers Yield Farming and Transaction Rewards while allowing liquidity providers (LPs) to allocate funds within specific price ranges and provide them with transaction fee refunds if a swap occurs within that range. This greatly improves capital efficiency and provides users with better liquidity and ultra-low trading slippage. According to the roadmap, perpetuated contracts, leveraged tokens and other derivatives continue to be launched. SheepDex aims to be a decentralized Binance.

Features of SheepDex:

SWAP

SheepDex allows users to swap one BEP-20 token for another in a quick and easy way, and some trading pairs offer transaction fee refunds.

*See Yield Farming page for details.

Liquidity Provision

Liquidity providers earn transaction fees by adding liquidity to the liquidity pools. Concentrated liquidity can greatly improve fund efficiency and LPs’ income.

Liquidity providers earn transaction fees by adding liquidity to the liquidity pools. Concentrated liquidity can greatly improve fund efficiency and LPs’ income.

Yield Farming

After adding liquidity and staking in the liquidity pools, users can get SPC rewards.

Transaction Rewards

Traders can also get SPC tokens as Transaction Rewards from some trading pairs.

*See Transaction Rewards page for details.

Tokenomics

SPC Contarct: 0x6a428ff9bfec2c8f676b8c905d49146c6106af90

Total supply: 900 million

Block Time: 3 seconds

Emission: 35 SPC （28 SPC now) / block

Deflation: once (reduced by 20% every 90 days )

Each swap will charge a fee of 0.1%, 0.2% or 0.5%. 50% of the transaction fees will be refunded to liquidity providers, 25% will be used for SPC buyback and burn, and the rest 25% will be used for operations.