Future plans for Shrike

Shrike Tokenomics and Benefits over its launch month

At Dovish, we believe in the power of decentralization and are committed to incentivizing active participation in our ecosystem. Our token system, including SHLP, SHK, and DOV, is designed to mutually reinforce each other and provide a broad array of benefits to our token holders.

SHLP Token

SHLP is an integral part of our 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 our 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 our way of showing gratitude to our loyal community members.

SHK Token

SHK is our governance token, granting holders voting rights in the ShrikePerps platform. We 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.

DOV Token

DOV is the native token of our DoveSwap platform. DOV holders enjoy several advantages, including the opportunity to acquire more governance tokens during the SHK token sale.

Liquidity Provision

In an effort to incentivize liquidity provision, users who provide liquidity by minting SHLK tokens will gain access to airdrop rewards. Notably, early participation in providing liquidity will be rewarded with a higher bonus multiplier, further incentivizing users who commit to our project from the onset.

A simple (not necessarily precise) example here would be

Snapshot 1 at week 1 (averaged over a few days) multiplying airdrop rewards by 2x, Snapshot 2 at week 2 (averaged over a few days) multiplying airdrop rewards by 1.5x etc.

Exact dates of the snapshot won’t be released to avoid gaming of the snapshots e.g. buying SHLP just for the snapshot then selling afterwards. This way of doing the snapshots also generates a time-weighted average of liquidity support, which allows later players to enjoy rewards, but at a lower rate!

At Dovish, our long-term vision involves leveraging these tokens and their distinct functions to create a robust, interwoven ecosystem.

We're excited about introducing features like strategy vaults and expanding our product line in ways that will mutually benefit all three tokens and their holders.