What is SHAKE?
Milk Shake (SHAKE) is one of SpaceSwap’s native coins and it allows users to boost their revenue. SHAKE coins can only be bought with MILK2 coins and the emission is limited to 10,000 coins. SHAKE holders earn extra MILK2 rewards and are eligible for providing liquidity in special pools (Raspberry, Salt Caramel) with increased APY rates to maximize earnings.
So far, SHAKE cannot be purchased with other cryptocurrencies but the SpaceSwap team plans to introduce it to traditional crypto exchanges to promote wider adoption of the coin. Yet, it doesn’t seem to lack popularity - the number of SHAKE holders is growing day by day.
What’s up with the DeFi market?
As we can see from the table below, the major coins on the DeFi market are losing value this week:
Current coin price fluctuations might be the result of a natural market throwback after the epic growth of the most popular coins. Besides, the issue of ‘trust’ comes into the game and some popular tokens don’t live up to users’ expectations. SHAKE coin is not affected by the market because it mostly relies on what’s happening inside the SpaceSwap infrastructure.
The number of liquidity providers on SpaceSwap is increasing day by day, which adds value to the MILK2 and SHAKE coins accordingly.
Hence, if you are searching for a reliable alternative coin for yield farming, consider SHAKE coin - it will continue growing in price thanks to its limited emission and to MILK2 coin strengthening its position. This is a great long-term investment for DeFi enthusiasts!
Get your SHAKE coins here.
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