Shrike: In this article, we cover a detailed review of Shrike Coin. How does Shrike Crypto work & Are important features?

About Shrike

Shrike stands out as a decentralized spot and perpetual exchange with several advantageous features, such as low swap fees and no price impact trades – making for cost-effective trading experiences and efficient experiences. Trading functionality of the platform is enabled by an innovative multi-asset pool which not only facilitates market making

And swap fees but also offers leverage trading, providing liquidity providers with greater opportunities. Shrike uses API3 Oracles and price data from established volume exchanges to deliver dynamic and accurate pricing, while SHK serves as its token, providing holders access to various benefits within its ecosystem and deepening user engagement with it.

Shrike Point Table

Coin Basic	Information
Coin Name	Shrike
Short Name	SHK
Circulating Supply	3,848,700
Max Supply	3,848,700
Official Project Website	Click Here To Visit Project Website

Shrike Coin Price Live Data

Tokenomics

SHK is the platform’s utility and governance token, holding the token unlocks a variety of benefits.

Token Information

The SHK token address is 0xd4F2Bec1c39fdBFB63CF8EFaacf91914Ce652eEe (Polygon zkEVM).

The initial SHK airdrop will be primarily based on liquidity provision with a secondary focus on trading activity.

Steps to purchase SHK will be released over time!

After staking SHK, you will receive a staked SHK token: 0x9ff778fB5B2A2fde72f9A326F9c5a663047dA811 (Polygon zkEVM). Note that the balance for this will return your total staked amount including any esSHK tokens and Multiplier Points.

Rewards

SHK Rewards provide benefits for long term users of the protocol, these rewards come in the form of Escrowed SHK and Multiplier Points.

Compounding vs Claiming

There are two options for rewards on https://shrike.dovish.finance/#/earn: “Compound” and “Claim”.

Compounding will stake your pending Multiplier Points and Escrowed SHK rewards, this will increase the amount of rewards you receive.

Claiming will transfer any pending Escrowed SHK rewards and ETH rewards to your wallet.

If you compound or stake your Escrowed SHK tokens, you can unstake them for vesting at anytime later on.

Escrowed SHK

Escrowed SHK (esSHK) can be used in two ways:

1. 1.Staked for rewards similar to regular SHK tokens
2. 2.Vested to become actual SHK tokens over a period of one year

Each staked Escrowed SHK token will earn the same amount of Escrowed SHK and ETH rewards as a regular SHK token.

Note that Escrowed SHK (esSHK) is not meant to be transferrable. The amount of SHK or SHLP required to vest esSHK is unique per account and capped to the rewards received by that account. Please do not buy esSHK off the market or OTC as you will not be able to vest them.

SHLP Token

SHLP is an integral part of ShrikePerps DEX. When users purchase SHLP tokens, they are automatically staking in the platform. This simplifies the earning process for our users and allows all SHLP holders to share in the trading fees generated on the ShrikePerps platform. The more the platform is utilized, the more rewards are distributed to SHLP holders.

In the future, we will be introducing esSHK rewards. When these rewards are activated, SHLP holders will be automatically eligible to earn these additional tokens. We are committed to rewarding token holders and will announce the specifics of these rewards closer to launch.

Moreover, SHLP holders will be eligible for an upcoming airdrop of our governance token, SHK. This airdrop is way of showing gratitude to loyal community members.

SHK Token

SHK is governance token, granting holders voting rights in the ShrikePerps platform. They are planning to primarily airdrop SHK tokens to those who purchase SHLP or engage in trading on our platform.

Additionally, holders of our native DOV token will have the privilege of purchasing more SHK tokens during the token sale. This provides a unique opportunity for DOV holders to acquire a larger stake in the governance of ShrikePerps.

Features

Low Swap Fees and Zero Price Impact Trades

Shrike prioritizes cost-effective trading by supporting low swap fees, ensuring that users can execute transactions without incurring substantial costs. Additionally, the platform facilitates zero price impact trades, enabling users to make significant trades without significantly affecting the asset’s price.

Unique Multi-Asset Pool

Shrike employs a distinctive multi-asset pool that serves as the foundation for trading activities. This pool not only enables market making and swap fees but also provides opportunities for leverage trading. Liquidity providers benefit from earning fees generated from market making, swap fees, and leverage trading, enhancing their overall profitability.

Dynamic Pricing

To ensure accurate and dynamic pricing, Shrike leverages API3 Oracles, which provide reliable and real-time data. Furthermore, the platform aggregates prices from leading volume exchanges, consolidating information from multiple sources to provide users with up-to-date and comprehensive market data.

SHK Utility and Governance Token

SHK serves as Shrike’s utility and governance token. By holding SHK tokens, users gain access to a variety of benefits within the platform. These benefits may include reduced fees, exclusive access to certain features, voting rights for governance decisions, and potentially participating in token holder rewards or staking programs.

Conclusion

Shrike is a decentralized exchange which offers various features designed to optimize trading experiences for its users. Shrike ensures cost-effective transactions by offering low swap fees and zero price impact trades – enabling traders to execute orders without incurring significant costs or altering asset prices. The multi-asset pool allows liquidity providers to earn fees through market making, swap fees and leverage trading – increasing their profits and thus their profitability.

Dynamic pricing is achieved using API3 Oracles and aggregate prices from leading volume exchanges, providing up-to-date market data. SHK, Shrike’s utility and governance token, provides token holders with various benefits including reduced fees, exclusive access, voting rights, and potential participation in token holder rewards. Overall, Shrike provides traders with an uncomplicated, user-friendly environment combining advanced features with SHK token’s utility to form a decentralized exchange that meets community needs.

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