SheepDex Unparalleled Binance Blockchain Project

SheepDex is the first DEX that offers concentrated liquidity in the Binance Smart Chain (BSC) ecosystem. It integrates spot and derivative trading, which is first seen on a DEX.

SheepDex will help liquidity providers (LPs) and traders to maximize capital efficiency and earnings by introducing several innovative features that are not yet available on other DEXs in the BSC ecosystem, such as concentrated liquidity, multiple fee tiers, range orders and a triple-incentive mechanism.

SheepDex tell you what is blockchain derivatives
Starting from the essence of the derivatives industry, I will try to discuss the basic gameplay of the main products, major exchanges, business models, and other aspects that need to be paid attention to in this industry.

SheepDex is a decentralized cross-chain liquidity aggregation platform integrating spot and derivatives on BSC (Binance Smart Chain) with 0 funding rate perpetual contract. SheepDex is 1st DEX brings Range Orders to BSC. SheepDex aims to be decentralized Binance.

  • High APR

The first batch of supported pools on SheepDex includes BNB/BUSD, BNB/BTC, BNB/ETH, BUSD/BTC, BUSD/ETH, ETH/BTC, BUSD/USDC, BUSD/USDT, and BNB/SPC.

At the time of writing, the average fee APRs of many pools are attractive enough. For example, the fee APR of BNB/BUSD is as high as 1,000%.

Many LPs prefer pairs of stablecoins, as the price fluctuations are often very small, and impermanence losses can be negligible. On most platforms, returns of stablecoins are often low, and LPs need to make a trade-off between rates of return and risk.

However, SheepDex offers high-yield for low-risk. From the official website, the APR of USDT/BUSD is currently 30.43%, and the APR of USDC/BUSD is 29.10%. Besides, it is just the APR of fee refund and yield farming earning hasn’t been included.

From the above, we can see that LPs could get better returns on SheepDex than on other protocols, and those are only average APRs. If you have better strategies, the APR of your position will be much higher.

  • Small Slippage and low transaction fee

Through actual operations, SheepDex also proved that it is indeed a more advantageous platform. Let’s take USDT/BUSD as an example. When we trade 800,000 USDT to BUSD on SheepDex, the slippage is only 0.17%, and the fee is 1,600 USDT. If we also trade the same amount on PancakSwap, the slippage is 0.57% and the fee is 2,000 USDT.


Join SheepDex’s community to learn more:
Website: https://SheepDex .org
#Sheepdex #SPC #binance #BSC



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store