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.

Staking

Staked SHK receives three types of rewards:

• Escrowed SHK

• Multiplier Points

• ETH Rewards

For more info on Escrowed SHK and Multiplier Points, please see the Rewards page.

30% of fees generated from swaps and leverage trading are converted to ETH and distributed to staked SHK tokens. If you are staking on Polygon zkEVM you would receive ETH. Note that the fees distributed are based on the number after deducting referral rewards and the network costs of keepers, keeper costs are usually around 1% of the total fees.

To stake your SHK tokens: https://shrike.dovish.finance/#/earn

Floor Price Fund

The SHK token has a planned floor price fund in ETH and SHLP. It grows in two ways:

• SHK/ETH liquidity is provided and owned by the protocol, the fees from this trading pair will be converted to SHLP and deposited into the floor price fund

The current floor price fund, once available, will be made visible on the dashboard.

The floor price fund helps to ensure liquidity in SHLP and provide a reliable stream of ETH rewards for all staked SHK.

As the floor price fund grows, it can also be used to buyback and burn SHK if the (Floor Price Fund) / (Total Supply of SHK) is less than the market price, this would lead to a minimum price for SHK in terms of ETH and SHLP.

Supply

The supply of SHK can be viewed on the Dashboard.

The increase in circulating supply will vary depending on the number of tokens that get vested, and the amount of tokens used for marketing / partnerships.

Minting beyond the max supply of 12 million is controlled by a 28 day timelock. This option will only be used if more products are launched and liquidity mining is required, a governance vote will be conducted before any changes.

• 3 million SHK sold at $0.15 each for token sale

• 0.5 million SHK for airdrop

• 2 million SHK reserved for vesting from Escrowed SHK rewards.

• 1 million SHK tokens reserved for marketing, partnerships and community developers.

• 1 million SHK tokens distributed to contributors linearly over 2 years.

• 0.5 million SHK dedicated to starting an ETH/SHK pool on DoveSwap