Introduction to Single Sided Liquidity Provisioning & Staking

SheepDex
SheepDex
Published in
1 min readJan 3, 2022

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1: Adding a flash swap SPC/VSPC. Users can exchange VSPC with SPC without charging any fees, or you can swap VSPC for SPC, which will charge 7% as transaction fee (all of which will be burned). Users can stake VSPC for transaction fee rewards (BNB).

2: Adding a trading pair SPC/VSPC. Users will be rewarded with SPC by providing liquidity for this trading pair. You can also choose to use the SPC/VSPC swap.

3: Adding a 30-day DeFi Asset Management (lock up for 30 days). VSPC holders will have a 30-day lock-up period, and if they choose not to unstake after that period, they will still receive transaction fee rewards. (The lock-up period of the new liquidity can be calculated according to the proportion of the liquidity staked. For example: if 200,000 VSPCs have been staked for 10 days, then if the user wants to stake another 200,000 VSPCs, the lock-up period becomes 25 days which means 35 days in total)

4: The rewards for staking VSPC comes from transaction fees.

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SheepDex
SheepDex

SheepDex is 1st decentralized cross-chain liquidity aggregation platform integrating spot and derivatives on BSC with 0 Funding Rate Perpetual Contract.