SakePerp.fi’s BSC Mainnet Launch & SakePerp x CoinMarketCap Airdrop Campaign

Published on: 30.05.2021

SakePerp.fi will go live on Binance Smart Chain’s mainnet on the 31st of May & that’s why SakePerp and CoinMarketCap will work together to airdrop more than 600K SAKE to early adopters.

50% of the transaction fees will be used to buy-back SAKE tokens and locked as insurance funds for the future. It will help all the SAKE holders capture SakePerps value.

SAKE can entitle traders to continue earning benefits from the protocol development and maintain the long-term value for SakePerp adopters.

Farm $SAKE by staking SakePerp.fi’s Market Maker (MM) Liquidity provider (LP) token

Liquidity Providers/ Market Makers on SakePerp.fi will get the vault LP token representing the shares of the MM Vault. SakePerp.fi farming pools will be available on SakeSwap.fi.

Liquidity Providers/ Market Makers on SakePerp.fi can continue earning benefits from the protocol development of both SakePerp and SakeSwap. SAKE is the first governance token in DeFi that supports both spot market and futures market with SakeSwap AMM DEX and SakePerp Perpetual Contract.

🔹Airdrop Summary

🍶 More than 600K SAKE giveaway

🍶 1,000 lucky traders

🍶 Around $100 in SAKE for each lucky trader

🍶 May 31, 8 am — June 6, 8 am (UTC)

Total 1,000 lucky traders will be randomly selected. Each lucky trader will be airdropped 666.67 in SAKE to his/her connected BEP20(BSC) addresses on SakePerp.fi by 10 June 2021.

The average price of SAKE/BUSD trading pairs during the competition period as the exchange rate between USD and SAKE for prize distribution

What is SakePerp?

SakePerp is a decentralized perpetual contracts platform with a lower funding rate and optional liquidity provider exposure powered by the vAMM+Oracle price discovery mechanism. SakePerp brings real-world assets into DeFi in an innovative way.