SharkSwap is live!
SharkSwap is live!
SHARK has been airdropped and farms are open for business
SharkSwap is officially live!
One of the things that makes SharkSwap unique is that it owns its own liquidity. With its official launch, it has been seeded with $6,500,000 of protocol owned liquidity, including:
$5,000,000 in WSX-SHARK LP
$500,000 in SHARK-USDC LP
$500,000 in WSX-MATIC LP
$500,000 in WSX-USDC LP
This protocol owned liquidity resides in the SharkSwap Treasury and will serve as the base liquidity on the DEX.
This along with beta-testers liquidity means that SharkSwap is well on its way to $10,000,000 in liquidity!
The $SHARK Airdrop has dropped!
Your SHARK airdrop is ready!
SharkSwap airdropped SHARK tokens to liquidity providers based on two indicated snapshot dates (check out this article for more details). If you were providing liquidity to either of the SX liquidity pairs on SushiSwap or IDEX as of those two dates, you will be automatically receiving a SHARK airdrop to your wallet on SX Network!
It has been automatically sent to every address that qualified, no need to claim! The fastest way to see how much you’ve received? Go to SharkSwap (make sure you’re on SX Network) and on the Swap page, click on SHARK from the drop down:
Message our mod ₡oach₡ryptos in the SharkSwap discord if you have any questions on the airdrop!
SharkSwap farms are open for business
With SharkSwap live, the official farms are now live too! SharkSwap is starting with the farms for the following pairs on Day 1:
SX-ETH
SX-USDC
SX-SHARK
SHARK-USDC
ETH-USDC
MATIC-USDC
MATIC-ETH
MATIC-SX
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 ~$3m 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!
To bridge assets onto SX Network, check out the official SX Bridge. You can bridge certain assets from both the Polygon network (SX and MATIC) and Ethereum network (WETH, USDC). For other assets, check out the official Celer bridge, where you can bridge a host of other assets.
About SharkSwap
SharkSwap is your one-stop decentralized trading platform on the SX network.
SharkSwap was started with the vision of creating a community-owned decentralized exchange which owns liquidity on SharkSwap and governs itself via prediction market.
This is a one-of-a-kind DeFi platform that you will not see anywhere else. SharkSwap is as adaptable as a founder-led DeFi platform like Uniswap, but as decentralized as a community-based one like SushiSwap. SharkSwap is both evolutionary and distributed. Welcome to a new era in blockchain-based organizations.