# Overview

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.<br>

#### Features of SheepDex: <a href="#features-of-sheepdex" id="features-of-sheepdex"></a>

**Swap**

![](https://1553772764-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn8JHpWwnpvwbzyjP1y6J%2Fuploads%2F4tRhalTMxY5xZEAcKrp7%2FSWAP.jpg?alt=media\&token=443b4527-a4ea-4371-b2bc-5d2aadaa3558)

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**

![](https://1553772764-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn8JHpWwnpvwbzyjP1y6J%2Fuploads%2FAaoFDU481atkqYVZH33R%2Fliquidity%20provision.jpg?alt=media\&token=c2b65591-0fb4-4e27-8dc8-f0560414f738)

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

**Yield Farming**

![](https://1553772764-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn8JHpWwnpvwbzyjP1y6J%2Fuploads%2FEDZQLDAOVG6mkE4c1G9G%2Fstaked.jpg?alt=media\&token=4fdc970b-a67e-4a7b-a47a-533cd9863f89)

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

**Transaction Rewards**

![](https://1553772764-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn8JHpWwnpvwbzyjP1y6J%2Fuploads%2FGC3K6h0RRPHEfSkIddEm%2F1.png?alt=media\&token=b325938b-d256-4317-b9f4-48d730debae4)

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

\*See Transaction Rewards page for details.


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