Why does SakeSwap support Trade Mining?

  1. To provide incentives for active traders on SakeSwap who contribute the volume. In the other word, the higher the trading volume, the more sustainable incomes the liquidity provider can have.
  2. To provide incentives for the Initial SakeSwap Offerings (ISO) projects. Projects can offer their community more incentives with SakeSwap Trade Mining and Yield Farming mechanism.
  3. To provide incentives for the ecosystem partners. At the beginning, SakeSwap TVL reached $530 million. At that time, the whales is accounted for a large proportion, squeezing the value space of the shrimps. The shrimps are the basis for the contribution of active transaction volume on SakeSwap. ISO projects may provides small amount of volume at the beginning. SakeSwap Trade Mining aims to balance the whales and shrimps through providing an efficient incentive mechanisum for both of them.
  1. To combine Trade Mining with Yield Farming. The transaction mining pool supports LP Yield Farming. More importantly it supports the LP token alongside the S Token for farming. This is primarily for the transaction volume contributors. As a result, we’ve expanded active trading volume contribution by 100 times. The final calculation weight is measured by the LP token + the S token multiplied by 100.
  2. Trade Mining helps to avoid whales from squeezing the value away from small transaction users. This is accomplished by borrowing the same mechanism from Bitcoin Mining machines, the transaction mining pool is designed as non-extractable. Just like in Bitcoin mining mechanisms, the purchase of a mining machine is a one-time cost investment, which can only be used to capture continuous value through mining revenue. This is also the support for the value of all SAKE.
  3. Trade Mining currently only supports ETH-SAKE LP trading pairs. However, after the handover to community governance, additional transaction mining pools will be added.

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SakePerp | SakeSwap

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