Share the income of Sheepdex.org in the community, the daily income of invested capital is 10%, APR: 238K%. What are the operational problems of sheepdex V3 defi that novice friends often ask?

sad dam
8 min readNov 10, 2021

--

1/I only hold coins? Or mining?

The combination of mining + holding. At present, most of the brothers in the telegram group are: holding SPC tokens, half holding; half participating in mining

2/ Will the sheepdex token SPC go to the exchange?

SHEEPDEX itself is an exchange, but the SPC token has been IEO on HOO LABS on November 16th,
HOO Tiger Symbol IEO website link:https://help.hoo.ac/hc/zh-hk/articles/4409179116313-Hoo-Labs-%E9%87%8D%E7%A3%85%E6%8E%A8%E5%87%BASheepDEX-SPC1-%E9%A0%85%E7%9B%AE%E6%94%AF%E6%8C%81

3/ How is the high APR as shown in the picture obtained? What is the principle?

In other words, your liquidity ratio and your interval setting determine the amount of APR, and also determine how much daily income you can get.
The setting of the interval, the inter-community/limit interval can get ultra-high APR under the same funds, but this will also bring risks, (risks are often accompanied by returns) any slight fluctuation of the dual currency may cause your trading pair Out of range, no more income

4. Can I pledge a single currency?

Single currency pledge is not currently available, there will be before the end of the year. SheepDex will launch a new feature of IMO in Q4, users will be able to pledge their SPC tokens and get rewards in the form of partner agreement tokens

5. I want to receive mining income, can I only release it?

Mining income can only be automatically traded to your wallet address by the system after unlocking. The FEE transaction fee income of the transaction pair can be claimed separately (although it can be claimed separately, it is not recommended. You can keep it forever, although it will be renewed) Divide, but save the separate GAS fee)

6. What is the difference between traditional large liquidity V2 and SHPDEX V3, and is it impermanent loss?

V3 is more profitable than V2. V3 fell lower than V2. But at the level of impermanence, there is little difference.
V3 APR% is not fixed, there are explosive returns and stable returns.
V2 APR% is fixed, with only stable income.
V3 is more free than V2. If you want more profits, then you have to be prepared to take risks.
V2’s stable income can be achieved through the setting of V3’s large range.
V3 can meet the income needs of more people and more funds.

V2 slippage is high, V3 slippage is low

7. Which trading pair should I enter when I newly participate in BSC V3?

Novice suggestion 1: Small range + concentrated trading range = high APR income
Recommendation 2: Enter stablecoin trading pairs
For stablecoin trading pairs, the ± range does not add more than 1%, which can have a high APR return
0.2% rate interval, the smallest ± interval adds up to 0.4%

8. How is the exchange rate and exchange interval set? what’s going on?

Range = The range within which you can tolerate the price. The larger your range, the larger the transaction range, but the probability of a transaction is low, the corresponding APR is also low, the return is low, but the risk is low.
(Another feature of V3 is that it will be converted into a single currency when it reaches the upper and lower limits set by you)
The smaller your range, the theoretically smaller trading range, but it is accurate, the probability of the transaction is higher, the corresponding APR is also higher, and the return is higher.
(In high volatility, it may be instantly out of range and be replaced with a single currency)

Trading concentration range

— — Important knowledge points — —
1. When setting a range for a group trading pair, you must have a psychological concept:
(Sell High, Buy Low, Upgraded Version)
The main currency has fallen, (your lower limit of acceptance = minimum exchange value), all trading pairs consist of the main currency
The main currency has risen, (your accepted online = highest exchange value), all trading pairs consist of sub-currencies
The secondary currency has fallen, and the trading pairs are all composed of the primary currency
The secondary currency has risen, and all trading pairs are composed of secondary currencies

9. Why did I not receive the reward but decreased?

  1. Look at the proportion. The percentage in your group is different from your current percentage. If your group accounted for 1%, the current accounted for should be 0.5%
  2. 2. Watching TVL If the TVL depth of your group was 2 million, and now it is 4 million, both cases are telling you one thing: Someone participates in sharing a piece of cake with you, so your income becomes less (all People who participate in this pool have less income)

10. If the price is out of range, does the SPC rewards disappear?

SPC rewards are always there. Beyond the scope, no rewards will be produced. The market price returns to your trading pair range and will continue to produce rewards

11/If the currency price volatility exceeds the set range, will there be any consequences?

  1. Unable to continue mining and generate transaction fee income
  2. 2. On the basis of selling high and buying low: the primary currency falls below the interval = the trading pair is all the primary currency, and the primary currency rises and breaks the interval = the trading pair is all the secondary currency
  3. 3. The total value of the trading pair fluctuates

12/ The commission reward is not a small amount. If someone takes it, will mine be less?

It’s not that you have less, but more people are rewarded, and everyone’s share on the plate is less. You are not alone. Rewards are calculated in real time for the entire market, not a single channel.

13/ If I have formed a trading pair, I can mine and generate high profits, right?

As long as it is a trading pair that meets the requirements, it can be mined. It is nothing more than a problem of digging more and digging less. Your APR and capital liquidity account for a small proportion, and you will have less coins.
Pay attention to the threshold conditions set by the government.
Need to choose 0.2% rate

14. My trading pair is in the range, will my dual currency amount change?

Can,
Will follow the fluctuation of the currency price,
The number of corresponding coins will be exchanged and change in quantity

15/Why has my total value been declining?

The point is to fall. The generation of high handling fees requires your exchange range to be in the position of high liquidity. If you can’t correspond to that position, you won’t be able to generate revenue. There is also the dual currency of your trading pair. In SHEEP, few people exchange transactions with each other. Of course, your transaction fee will be less.
In addition: The reason for the low total value. For example: You have formed a trading pair of BNB/SPC, 2USPC main currency, 1B/300SPC. The lower limit of acceptance is 1.5U and the upper limit is 3U. The total value of your dual currency is currently 1000U. When the market fluctuates to At the time of SPC 1U, your trading pair is beyond the scope of your acceptance, and it will be fully converted into SPC. At this time, the total value of your trading pair will not remain unchanged at 1000U, but will fluctuate with the price of SPC. , The range makes your total value change. At this time, the total amount of your coins should be: SPC of the current value of 1BNB + original SPC, the total value should be 700U, (there may be discrepancies, and the calculation model will not be so simple)

16/I want to increase the number of currencies in the established range. Do I have to withdraw and reopen the position?

In the current version, it is not possible to change the range in a trading pair that has been formed.

17/My upper and lower range is 1%, the fee income is still lower than the average estimated value~

The income must be linked to the range,
However, the lower the interval is not necessarily the higher the return.
It depends on whether the trading pair pool is the current highest FEE trading reward pool.
Look at the exchange volume of the current trading pair,
See how many people are divided into a pool.

18/Why is there so much difference between the apr displayed on the homepage and the deposited apr?

One is the estimated APR, (home page)
One is real APR. (After grouping the trading pair/pledge)
The estimated APR is calculated based on the average APR value during the period.

SheepDex (sheepdex.org) is a decentralized cross-chain liquidity aggregation platform integrating spot and derivatives. Sheepdex’s goal is to become a decentralized Binance.

For more information, please visit the official website: www.sheepdex.org
Or our 52,000 telegram group https://t.me/SheepDex,You can harvest more high-yield cheats in the community.

--

--