SakeSwap a project from the creators of Uniswap and Sushiswap, but with some key improvements. Thus, the developers aim to improve the AMM design in terms of price curves and rewards.
Contents:
About the SakeSwap platform
The SAKE token has two functions that entitle SAKE holders to control rights and a portion of the fees paid to the protocol. Ultimately, the shareholders will own the protocol. SAKE tokens can empower liquidity providers and traders to continue to benefit from protocol development, meaning that early adopters will be Sake Swap stakeholders. Meanwhile, the SAKE exchange includes deflation tokenomics to support the price of the token from a structural point of view.
Sake Swap follows the distribution of the Sushi Swap transaction fee, namely, 0.25% goes directly to active liquidity providers, while the remaining 0.05% is converted back to SAKE (via Sake Swap). 30% of the remaining 0.05% will be burned and the remaining 70% will be distributed among all the same token holders.
The main functions of the project:
| Firstly | Users can harvest directly. |
| Secondly | There is no additional charge for LPs. |
| Thirdly | 10% UNI helps to buy back and burn SAKE. |
SakeSwap introduces a slippage token (S token) to incentivize traders. When designing a liquidity pool, traders have a positive impact on price opening. And the S token will be generated when trading, which represents the contribution of traders to maintaining the balance of the AMM pool.
Additional information
SAKE Dev Fund helps to audit project sustainability and safety. 6% of each SAKE distribution is dedicated to future integrations and implementation of management proposals. The foundation will pay for all safety audit bills. Instead of WhitePaper, there is a blog on the Medium platform. There are articles with an overview and news of the project. To stay tuned for updates, subscribe to the community on social networks:
The audit of the smart contract can be checked here.