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.

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.

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.