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.