SakePerp Finance Went Live On Binance Smart Chain

Published on: 31.05.2021

Decentralized perpetual contracts with optional 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.

To celebrate the mainnet launched, SakePerp and CoinMarketCap joined forces to conduct an airdrop event for $SAKE community. There will be 600K $SAKE token to be given away for the said event.

SAKE TOKEN USECASES
—50% of the transaction fees will be used to buy-back SAKE tokens
—SAKE can entitle traders to continue earning benefits from the protocol development and maintain the long-term value for SakePerp adopters.
—Liquidity Providers/ Market Makers on SakePerp will get the vault LP token representing the shares of the MM Vault. SakePerp Finance farming pools will be available on SakeSwap Finance