SharkSwap 2.0

Following a successful audit SharkSwap is back and Farms are pumping

Executive Summary

• SharkSwap is up and running sharkswap.xyz

• 5 farms have launched with dual rewards (either in MATIC, SHARK or SX)

• Bridge assets from Ethereum or Polygon at bridge.sx.technology

• Join our discord if you have any questions

SharkSwap is back!

Following a security incident in June, SharkSwap is excited to announce that is has successfully passed an audit by Zokyo:

ZOKYO 🇺🇦 @ZOKYO_io

🗣️ Breaking news! Zokyo is delighted to announce that @SX_Network passed our comprehensive security audit with no critical issues. 👮🏻✅ All smart contracts withstood intense scrutiny and passed our rigorous security assessment. Audit report👇🏻 linkedin.com/posts/zokyo_sh…

With the audit complete, SharkSwap is restarting operations on SX Network again. Check out all the farms and updates below!

Token contract addresses:

WSX (new) - 0xaa99be3356a11ee92c3f099bd7a038399633566f

SHARK (new) - 0x7dc31a2fcbfbad1ed4519111fd33f78316bcbc81

USDC - 0xe2aa35c2039bd0ff196a6ef99523cc0d3972ae3e

WETH - 0xa173954cc4b1810c0dbdb007522adbc182dab380

WMATIC - 0xfa6f64dfbad14e6883321c2f756f5b22ff658f9c

Protocol Owned Liquidity 💰

One of the things that makes SharkSwap unique is that it owns its own liquidity. With this launch, it has been seeded with over $2,000,000 of protocol owned liquidity, including:

SHARK/SX - $2,000,000

12,500,000 SHARK paired with 5,555,555 SX

SHARK/USDC - $100,000

625,000 SHARK paired with 50,000 USDC

This protocol owned liquidity resides in the SharkSwap Treasury and will serve as the base liquidity on the DEX.

Farms are Running 🚜

Using some of Shark’s 100M supply along with grants from the Polygon and SX Network communities the following pairs will be incentivized with MATIC, SX and SHARK token rewards.

• SX/USDC

• ETH/USDC

• SHARK/USDC

• ETH/SX

• MATIC/SX

$SHARK Burn 🔥

Remember that 0.20% of every swap on SharkSwap is used to buyback and burn SHARK. Given the current farm rewards and price, SharkSwap only needs to do approximately ~$700k per day in trading volume to cover emissions through SHARK burning. If trading volume is higher, circulating SHARK supply would actually decrease each day even after factoring in new SHARK emitted from farms!