> For the complete documentation index, see [llms.txt](https://sheepdex.gitbook.io/sheepdex/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://sheepdex.gitbook.io/sheepdex/overview.md).

# 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**

![](/files/DLiKhGfvH0cZGBm5lbnv)

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**

![](/files/OQeAygqHzwo1u6EpMR5i)

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

**Yield Farming**

![](/files/2bRlI8bPfbdBkQ8Tb7P9)

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

**Transaction Rewards**

![](/files/b1fnJBiVotZydt8g4q3O)

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

\*See Transaction Rewards page for details.