• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
ShrimpSwap logo

ShrimpSwap

Total Users
0
Volume
The fiat value of incoming dapp transactions over a period of time
$0
Contract Balance
The total fiat value of assets in a dapp's smart contracts
$464
Category
DeFi
Blockchain
Bnb-chain
Language
- No data available.
Official links
Social media

News

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What is ShrimpSwap?

We believe that the current yield farm ecosystem is suffering from hyperdeflation, i.e. the extremely large decrease in the general prices of tokens in the blockchain. This results in a deflationary spiral which leads to less appreciation of the token, lower Annual Percentage Rates (APRs) and lower demand for the tokens in general, and thus deposit levels. This scenario creates a deflationary environment which does not serve the interests of the parties involved.

In order to solve this problem we have developed a contract in the Binance Smart Chain to combat the endemic hyperdeflation of the ecosystem and increase investor confidence; introducing the SHRIMP deflationary token. We capped the maximum supply to 21M SHRIMPS.

The deposit fee will be reduced over time, initially set to 3% it will reach 0% at the end of 60 days.

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