<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:cc="http://cyber.law.harvard.edu/rss/creativeCommonsRssModule.html">
    <channel>
        <title><![CDATA[Stories by SakePerp | SakeSwap on Medium]]></title>
        <description><![CDATA[Stories by SakePerp | SakeSwap on Medium]]></description>
        <link>https://medium.com/@sakeswap?source=rss-d20d51cef323------2</link>
        <image>
            <url>https://cdn-images-1.medium.com/fit/c/150/150/1*F24XnW-lcEQfYUgGyh1uzQ.png</url>
            <title>Stories by SakePerp | SakeSwap on Medium</title>
            <link>https://medium.com/@sakeswap?source=rss-d20d51cef323------2</link>
        </image>
        <generator>Medium</generator>
        <lastBuildDate>Wed, 23 Sep 2026 01:33:06 GMT</lastBuildDate>
        <atom:link href="https://medium.com/@sakeswap/feed" rel="self" type="application/rss+xml"/>
        <webMaster><![CDATA[yourfriends@medium.com]]></webMaster>
        <atom:link href="http://medium.superfeedr.com" rel="hub"/>
        <item>
            <title><![CDATA[SAKE Partners with Boba Network]]></title>
            <link>https://sakeswap.medium.com/sake-partners-with-boba-network-679714f608fa?source=rss-d20d51cef323------2</link>
            <guid isPermaLink="false">https://medium.com/p/679714f608fa</guid>
            <category><![CDATA[futures-trading]]></category>
            <category><![CDATA[defi]]></category>
            <category><![CDATA[blockchain]]></category>
            <category><![CDATA[ethereum]]></category>
            <category><![CDATA[amm]]></category>
            <dc:creator><![CDATA[SakePerp | SakeSwap]]></dc:creator>
            <pubDate>Fri, 03 Sep 2021 06:33:11 GMT</pubDate>
            <atom:updated>2021-09-03T06:33:11.508Z</atom:updated>
            <content:encoded><![CDATA[<p>SAKE is pleased to announce a partnership with <a href="https://boba.network/">Boba Network</a> and Enya. Boba Network aims to deliver a faster, cheaper, and more engaging experience to the next billion users of Ethereum. <a href="https://www.sakeperp.fi/">SakePerp,</a> a transaction-driven decentralized perpetual contracts platform with a dynamic automated market maker mechanism that supports single asset collateralization for liquidity providers.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/0*OQMEMpMAzWnUQl0I" /></figure><p>Through the partnership, SakePerp will be available on Boba Network upon its public mainnet launch. SakePerp is the first perpetual contract protocol to be announced on Boba, taking advantage of lightning fast transaction speeds and low costs of the network. Decentralized perpetuals and spot trading are amongst the most expensive of DeFi smart contracts. By launching on Boba, SAKE makes their protocol more accessible without sacrificing decentralization.</p><p>Both Boba Network and Sake communities are excited to work together to accomplish their common goals of attracting more users to the ever-evolving Ethereum ecosystem.</p><h3><strong>About Boba</strong></h3><p>Boba is an Ethereum Virtual Machine (EVM) compatible Layer 2 Optimistic Rollup that helps Ethereum smart contracts scale while delivering a delightful user experience. Boba enables Ethereum developers to build dApps that trigger code running on web-scale infrastructure such as AWS Lambda, making it possible to leverage sophisticated algorithms that are either far too expensive, far too slow, or practically impossible to execute on-chain.</p><h3><strong>About Enya</strong></h3><p>Founded by Stanford faculty and alumni, Enya pioneered decentralized privacy and became the largest provider of secure multiparty computation services, serving more than 10 million users across 91 countries. Enya creates decentralized infrastructure solutions that serve the next billion users, leading with Boba Network. Boba is an Ethereum Layer 2 solution that scales and augments Ethereum, helping developers deliver a more delightful and inclusive user experience. Enya is a core contributor to OMG Foundation.</p><h3><strong>About SAKE</strong></h3><p>SAKE is a transaction-driven decentralized perpetual contract and spot trading protocol. SakePerp.fi is the first on-chain perpetual contract platform with a dynamic AMM market maker mechanism that supports single asset collateralization for liquidity providers. Liquidity providers provide trading depth for both long and short traders and earn the value of the platform net position by managing positions. Liquidity providers also can make profits by funding fees and hedging. SakePerp.fi supports DeFi Arbitrage Mining and LP Market Making Mining. 50% of the transaction fees are used to buy-back SAKE tokens and keep them as insurance funds.</p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=679714f608fa" width="1" height="1" alt="">]]></content:encoded>
        </item>
        <item>
            <title><![CDATA[How to claim my compensation? A guide for SAKE holders on OKExChain]]></title>
            <link>https://sakeswap.medium.com/how-to-claim-my-compensation-a-guide-for-sake-holders-on-okexchain-d0afb376de9f?source=rss-d20d51cef323------2</link>
            <guid isPermaLink="false">https://medium.com/p/d0afb376de9f</guid>
            <category><![CDATA[okexchain]]></category>
            <category><![CDATA[dex]]></category>
            <category><![CDATA[amm]]></category>
            <category><![CDATA[defi]]></category>
            <category><![CDATA[farming]]></category>
            <dc:creator><![CDATA[SakePerp | SakeSwap]]></dc:creator>
            <pubDate>Thu, 29 Jul 2021 07:02:24 GMT</pubDate>
            <atom:updated>2021-07-29T07:02:24.461Z</atom:updated>
            <content:encoded><![CDATA[<p>The trading of the SAKE on OKExChain has returned to normal. KIP20 SAKE holders can start claiming their compensation now.</p><p>More details of the Compensation Plan： <a href="https://sakeswap.medium.com/compensation-plan-for-sake-holders-on-okexchain-9d5912c7f06">https://sakeswap.medium.com/compensation-plan-for-sake-holders-on-okexchain-9d5912c7f06</a></p><h3><strong>One Step to Claim</strong></h3><p>There are two compensation plans for holders to choose. SAKE holders on OKExChain only need to transfer the KIP20 SAKE tokens to the corresponding burn address to claim.</p><h3><strong>Distribution Date</strong></h3><p><strong>10th August 2021</strong></p><p>All transaction records before 10th August will be executed on 10th August. Your corresponding amount of compensation will be calculated by the plan you choose and will be distributed to the wallet address that was used to transfer KIP20 SAKE to the black hole.</p><p>All compensations will be operated based on on-chain transfer records of the black hole addresses.</p><h3><strong>Option One — ERC20 SAKE</strong></h3><p>Burn address: <strong>0x60C1895ECBf532f5e474c1245c2c9ED5F976d46A</strong></p><p>Ratio: 1 KIP20 SAKE = 1 ERC20 SAKE</p><p>Users can get the ERC20 SAKE with no lockup.</p><h3><strong>Option Two — ASAP Token</strong></h3><p>Burn address: <strong>0x4EFedF07261BB3AaA1654478524f54225f93c47e</strong></p><p>Ratio: 1 KIP20 SAKE = 0.0368 ASAP</p><p>ASAP tokens will be released every day during a 6-month lockup period.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/0*WemKnTO2dVf7xyba.png" /></figure><p>SakePerp: <a href="https://sakeperp.fi/">https://sakeperp.fi/</a></p><p>SakeSwap Ethereum: <a href="https://sakeswap.finance/#/swap">https://sakeswap.fi</a></p><p>SakeSwap BSC: <a href="https://sakeswap.finance/#/swap">https://bsc.sakeswap.fi</a></p><p>SakeSwap OKExChain: <a href="https://sakeswap.finance/#/swap">https://ok.sakeswap.fi</a></p><p>Twitter: <a href="https://twitter.com/Sake_Perp_Swap">https://twitter.com/Sake_Perp_Swap</a></p><p>Telegram: <a href="https://t.me/Sake_Perp_Swap">https://t.me/Sake_Perp_Swap</a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=d0afb376de9f" width="1" height="1" alt="">]]></content:encoded>
        </item>
        <item>
            <title><![CDATA[Compensation Plan for SAKE holders on OKExChain]]></title>
            <link>https://sakeswap.medium.com/compensation-plan-for-sake-holders-on-okexchain-9d5912c7f06?source=rss-d20d51cef323------2</link>
            <guid isPermaLink="false">https://medium.com/p/9d5912c7f06</guid>
            <category><![CDATA[okexchain]]></category>
            <category><![CDATA[amm]]></category>
            <category><![CDATA[chainswap]]></category>
            <category><![CDATA[crosschain]]></category>
            <category><![CDATA[defi]]></category>
            <dc:creator><![CDATA[SakePerp | SakeSwap]]></dc:creator>
            <pubDate>Tue, 13 Jul 2021 05:31:08 GMT</pubDate>
            <atom:updated>2021-07-13T05:31:08.867Z</atom:updated>
            <content:encoded><![CDATA[<p>Dear Sake community 🍶,</p><p>ChainSwap was attacked due to an exploit which resulted in around <a href="https://www.oklink.com/okexchain/tokenAddr/0x73075e83bf2d9beae32047cd412ce52f567e3c42">1.42 m SAKE token</a>s, that were locked in ChainSwap’s contract, to be stolen on July 11th. There were over 20 projects involved in this hack.</p><p>ChainSwap provides the bridge between Ethereum and OKExChain for SAKE holders. The related ChainSwap mapping token addresses are frozen to filter out the hackers accounts. Since the bridge supported by ChainSwap is not functional, the KIP20 SAKE can’t be converted to ERC20 SAKE now.</p><p>Trading of the SAKE on Ethereum and BSC were NOT impacted and continue to operate as normal.</p><h3><strong>Compensation Plan</strong></h3><p>There will be 2 Compensation Plans available for all KIP20 SAKE holders to choose. All users who hold the KIP20 SAKE, their relevant wallets will be eligible for the compensation plan and will receive ERC20 SAKE or ASAP tokens as compensation.</p><h3><strong>Option One — ERC20 SAKE</strong></h3><p>Sake devs will donate ERC20 SAKE from a Dev Account to KIP20 SAKE holders impacted.</p><p>Ratio: 1 KIP20 SAKE = 1 ERC20 SAKE</p><p>Users can get the ERC20 SAKE with no lockup.</p><h3><strong>Option Two — ASAP Token</strong></h3><p>ChainSwap will compensate with ASAP tokens to KIP20 SAKE holders impacted.</p><p>Ratio: 1 KIP20 SAKE = 0.0368 ASAP</p><p>ASAP tokens will be released every day during a 6-month lockup period.</p><p>More details will be released soon.</p><h3><strong>Farming Pools on OKExChain</strong></h3><p>The 6 SAKE farming pools on OKExChain will end in block height 4373581 (Estimated Date: July 20th 2021). All unharvested SAKE tokens holders are also eligible for the Compensation Plan.</p><p>Thank the Sake community for the support.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*FGCZWm13e0b_FCAlnPa2nQ.png" /></figure><p>SakePerp: <a href="https://sakeperp.fi/">https://sakeperp.fi/</a></p><p>SakeSwap Ethereum: <a href="https://sakeswap.finance/#/swap">https://sakeswap.fi</a></p><p>SakeSwap BSC: <a href="https://sakeswap.finance/#/swap">https://bsc.sakeswap.fi</a></p><p>SakeSwap OKExChain: <a href="https://sakeswap.finance/#/swap">https://ok.sakeswap.fi</a></p><p>Twitter: <a href="https://twitter.com/Sake_Perp_Swap">https://twitter.com/Sake_Perp_Swap</a></p><p>Telegram: <a href="https://t.me/Sake_Perp_Swap">https://t.me/Sake_Perp_Swap</a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=9d5912c7f06" width="1" height="1" alt="">]]></content:encoded>
        </item>
        <item>
            <title><![CDATA[SakePerp.fi x CoinMarketCap Airdrop Campaign]]></title>
            <link>https://sakeswap.medium.com/sakeperp-fi-x-coinmarketcap-airdrop-campaign-7a4c71fe5c49?source=rss-d20d51cef323------2</link>
            <guid isPermaLink="false">https://medium.com/p/7a4c71fe5c49</guid>
            <category><![CDATA[bsc]]></category>
            <category><![CDATA[futures-trading]]></category>
            <category><![CDATA[defi]]></category>
            <category><![CDATA[perpetual-contracts]]></category>
            <category><![CDATA[dex]]></category>
            <dc:creator><![CDATA[SakePerp | SakeSwap]]></dc:creator>
            <pubDate>Sat, 29 May 2021 14:42:08 GMT</pubDate>
            <atom:updated>2021-05-30T16:51:35.932Z</atom:updated>
            <content:encoded><![CDATA[<h3>Introducing SakePerp.fi’s BSC Mainnet Launch and SakePerp x CoinMarketCap Airdrop Campaign</h3><p>The Sake development team is thrilled to announce that on the 31st of May, SakePerp.fi will go live on Binance Smart Chain’s (BSC) mainnet. SakePerp is a decentralized perpetual contracts platform with a lower funding rate and optional liquidity provider exposure powered by the vAMM+Oracle price discovery mechanism. SakePerp brings real-world assets into DeFi in an innovative way.</p><p>To celebrate the launch of SakePerp.fi, @Sake_perp_swap and CoinMarketCap will work together to airdrop more than <strong>600K SAKE</strong> to early adopters!</p><h3><strong>New Use Case of $SAKE</strong></h3><p><strong>SAKE Token Buy-backs</strong></p><p>50% of the transaction fees will be used to buy-back SAKE tokens and locked as insurance funds for the future. It will help all the SAKE holders capture SakePerps value.</p><p>SAKE can entitle traders to continue earning benefits from the protocol development and maintain the long-term value for SakePerp adopters.</p><p><strong>Farm $SAKE by staking SakePerp.fi’s Market Maker (MM) Liquidity provider (LP) token</strong></p><p>Liquidity Providers/ Market Makers on SakePerp.fi will get the vault LP token representing the shares of the MM Vault. SakePerp.fi farming pools will be available on SakeSwap.fi.</p><p>Liquidity Providers/ Market Makers on SakePerp.fi can continue earning benefits from the protocol development of both SakePerp and SakeSwap. SAKE is the first governance token in DeFi that supports both spot market and futures market with SakeSwap AMM DEX and SakePerp Perpetual Contract.</p><h3><strong>Features</strong></h3><p><strong>Lower Funding Rates</strong></p><p>With the vAMM+Oracle dual price discovery mechanism, keeping contract prices close to spot price is guaranteed by external price feeding instead of funding rates.</p><p><strong>Optional Liquidity Provider Exposure</strong></p><p>Liquidity providers can take the dynamic price difference between oracle and AMM positions. Even if all liquidity is withdrawn from SakePerp, trading will not be affected.</p><p><strong>Proactive Market Maker Bots</strong></p><p>Setup bots for arbitrage between SakePerp and CeFi platforms such as FTX/Binance to avoid MM exposure losses and capture benefits from different price discoveries.</p><p><strong>Markets with 15x Leverage</strong></p><p>BTC, ETH, BNB, DOT and LINK are the first batch of trading pairs on SakePerp. Traders can easily take a long or short position with max 15x leverage.</p><p>More markets will be added based on community governance which is another SAKE holder right.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/925/0*cn6Sxy0Krr_b0qyH" /></figure><h3>SakePerp x CoinMarketCap Airdrop Campaign</h3><h3>Airdrop Summary</h3><p>🍶 More than 600K SAKE giveaway</p><p>🍶 1,000 lucky traders</p><p>🍶 Around $100 in SAKE for each lucky trader</p><p>🍶 May 31, 8 am — June 6, 8 am (UTC)</p><h3>How to Participate?</h3><p>1) Add SAKE to your CoinMarketCap watchlist: <a href="https://coinmarketcap.com/currencies/sake-token/">https://coinmarketcap.com/currencies/sake-token/</a></p><p>2) Trade at <a href="https://sakeperp.fi">https://sakeperp.fi</a></p><figure><img alt="" src="https://cdn-images-1.medium.com/max/522/0*zLmQ4rcxP_XRF2Nv" /></figure><p>3) Join the Telegram group: <a href="https://t.me/Sake_Perp_Swap">https://t.me/Sake_Perp_Swap</a></p><p>4) Follow this Twitter account: <a href="https://twitter.com/Sake_Perp_Swap">https://twitter.com/Sake_Perp_Swap</a></p><h3>6-day Airdrop Campaign</h3><p>May 31, 8 am — June 6, 8 am (UTC)</p><h3>Airdrop Distribution</h3><p>Total 1,000 lucky traders will be randomly selected. Each lucky trader will be airdropped 666.67 in SAKE to his/her connected BEP20(BSC) addresses on SakePerp.fi by 10 June 2021.</p><p>The average price of SAKE/BUSD trading pairs during the competition period as the exchange rate between USD and SAKE for prize distribution.</p><h3>How to trade on SakePerp.fi?</h3><ol><li>Visit this website: <a href="https://sakeperp.fi">https://sakeperp.fi</a></li><li>Connect to MetaMask and switch to Binance Smart Chain (BSC) network</li></ol><figure><img alt="" src="https://cdn-images-1.medium.com/max/714/0*9StUM43Wl5ZRtaF3" /></figure><p>3. As an example, choose the BNB/BUSD trading pair</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/936/0*zR7R4TkKg9oKFcuk" /></figure><p>4. Take a long or short position with max 15x leverage</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/530/0*hjp1jtpAmnmrEBI2" /></figure><p>5. Confirm and transfer BNB as gas fee through MetaMask</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/720/0*jHLuOznf8n1FBgAE" /></figure><p>6. Check your position info in “My Position” including the position size, leverage, Margin ratio, PNL, etc. The available actions contain: “Share your PNL”,”Add alert”, “update Margin” and “Close position”.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/0*Dm0r6jO79BhL68Zz" /></figure><p>7. Share your PNL: a shareable picture will be automatically generated</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/242/0*4MmcSlZySIko7wr_" /></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/770/0*J8XEnOVLKa3mwCQC" /></figure><p>8. Add alert: Email notifications will be sent when the position PNL meets profit or loss set within the settings.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/226/0*YAGKZmjxitHDtPQ8" /></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/362/0*WG1yeIhqGMJ3Bq1n" /></figure><p>9. Add/Remove Margin</p><p>Add Margin to enlarge the position margin ratio to avoid forced liquidation, the forced liquidation margin ratio is 3%.</p><p>Remove Margin to take margin back to account balance, the remaining margin ratio must be bigger than the initial margin ratio(6.67%).</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/221/0*m6dttGKF8iusLv6S" /></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/371/0*Pz_hx-5V5H7Jh-Ue" /></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/365/0*F8Xhf-AzaKkqmdzE" /></figure><p>10. Close positioin</p><p>Click the “MAX” button, this will close the whole position. The fees will be deducted from margin and PNL, the remaining amount will go back to your wallet account.</p><p>Manually input position size to partially close the position, if position partially closed, the PNL will be settled and stay in margin, the fees need to be paid by the wallet balance which means the wallet balance has to be able to cover the fees when proceeding to a partially closed position.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/220/0*fMvVlUthxKu2eL9j" /></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/363/0*6C7xFOEhitnHIQt2" /></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/360/0*1uKraexakDeiHSd5" /></figure><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=7a4c71fe5c49" width="1" height="1" alt="">]]></content:encoded>
        </item>
        <item>
            <title><![CDATA[SakePerp Limited Edition NFTs Airdrop]]></title>
            <link>https://sakeswap.medium.com/sakeperp-limited-edition-nfts-airdrop-57a88b11dbe8?source=rss-d20d51cef323------2</link>
            <guid isPermaLink="false">https://medium.com/p/57a88b11dbe8</guid>
            <category><![CDATA[binance-smart-chain]]></category>
            <category><![CDATA[derivatives]]></category>
            <category><![CDATA[perpetual-contracts]]></category>
            <category><![CDATA[defi]]></category>
            <category><![CDATA[futures-trading]]></category>
            <dc:creator><![CDATA[SakePerp | SakeSwap]]></dc:creator>
            <pubDate>Mon, 24 May 2021 08:54:48 GMT</pubDate>
            <atom:updated>2021-05-24T08:54:48.888Z</atom:updated>
            <content:encoded><![CDATA[<p>The last round of SakePerp’s trading competition on BSC testnet will end soon. To thank the community for the high level of participation, support and feedback, SakePerp will airdrop Limited Edition NFTs as rewards for all SakePerp early supporters. All wallet addresses with trading record on SakePerp will get the NFT airdrop.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/0*UxFHW7E_b2NbDbMm" /></figure><h3><strong>Top Traders</strong></h3><figure><img alt="" src="https://cdn-images-1.medium.com/max/656/1*qvPZRuHMBmZIhGo7gXOm1w.png" /></figure><p>For traders who are not on the top traders list, a <strong>Happy Trading Kanpai NFT</strong> will be airdropped.</p><p>Here is some background knowledge of SAKE. Enjoy trading and HODLing $SAKE 🍶</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/0*eLCEp26Q9v03XJzT" /></figure><h3><strong>Bounus</strong></h3><p>All traders who traded BNB with 100x leverage will get a special 100xBNB NFT.</p><h3><strong>What’s next?</strong></h3><p>SakePerp.fi will go live on BSC mainnet soon. We will have the BSC mainnet trading competition to celebrate the launch of <a href="https://sakeperp.fi/home">SakePerp.fi</a></p><p>Stay tuned!</p><h3>More about SakePerp</h3><p>Website: <a href="https://sakeperp.fi/home">https://sakeperp.fi</a></p><p>Twitter: <a href="https://twitter.com/Sake_Perp_Swap">https://twitter.com/Sake_Perp_Swap</a></p><p>Telegram: <a href="https://t.me/Sake_Perp_Swap">https://t.me/Sake_Perp_Swap</a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=57a88b11dbe8" width="1" height="1" alt="">]]></content:encoded>
        </item>
        <item>
            <title><![CDATA[SakePerp BSC Testnet Trading Competition Round 2 Recap]]></title>
            <link>https://sakeswap.medium.com/sakeperp-bsc-testnet-trading-competition-round-2-recap-3d79149cced2?source=rss-d20d51cef323------2</link>
            <guid isPermaLink="false">https://medium.com/p/3d79149cced2</guid>
            <category><![CDATA[perpetual-contracts]]></category>
            <category><![CDATA[futures-trading]]></category>
            <category><![CDATA[bsc]]></category>
            <category><![CDATA[binance-smart-chain]]></category>
            <category><![CDATA[derivatives]]></category>
            <dc:creator><![CDATA[SakePerp | SakeSwap]]></dc:creator>
            <pubDate>Thu, 13 May 2021 08:35:09 GMT</pubDate>
            <atom:updated>2021-05-13T08:35:09.415Z</atom:updated>
            <content:encoded><![CDATA[<p>The second round of SakeSerp BSC Testnet Trading Competition has been successfully completed. Thanks everyone for participating in the competition.</p><p>SakePerp.fi is the first perpetual contract protocol built on the Binance Smart Chain (BSC) with an automated market-making (AMM) model. Leveraging vAMM + Oracle price discovery mechanism, SakePerp significantly reduces funding rates. SakePerp.fi also supports a dynamic market-making (MM) mechanism that can dramatically increase market-making liquidity efficiency by up to 4,000 times.</p><p>The trading competition is designed to further test the usability and performance of SakePerp. Let’s wrap up.</p><h3><strong>Stats</strong></h3><p><strong>The total trading volume</strong> was $793,912,457 BUSD and an average of $79,391,245 BUSD per day. The highest volume reached in a single day exceeded $106 million BUSD.</p><p><strong>The total number of trades</strong> was 35,952 and an average of 3,595 trades per day.</p><p><strong>The total number of traders</strong> was 894. The maximum number of active traders reached in a single day exceeded 500.</p><p><strong>The accumulated transaction fees</strong> were 638,236 BUSD. Market Makers and SAKE holders shared all transaction fees as rewards on SakePerp.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/960/0*SLmG0dohf2hierD7" /></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/994/0*PgcbPmk6tKj11Rge" /></figure><p>We thank the community for their high level of participation, support, and feedback.</p><h3><strong>Winners</strong></h3><p>1st-20th place: equally split 1,000 BUSD</p><p>21st-50th place: equally split 1,000 BUSD</p><p>51st-100th place: equally split 1,000 BUSD</p><p>101st-200th place: equally split 1,000 BUSD</p><p>Top 200 traders by PnL of 2 days receive a total of 4,000 BUSD tokens. The second round competition lasted for 10 days (5 qualification periods). A total of 1,000 traders win 20,000 BUSD.</p><p>The BUSD rewards will be airdropped to the participated wallet address directly!</p><h3><strong>What’s new?</strong></h3><p><strong>100x Leverage</strong></p><p>The third round of competition goes live with a total of 39,999 BUSD prize pool. And SakePerp.fi supports 100x leverage for the BNB/BUSD trading pair.</p><p>Join the SakePerp x BroLeon BSC Testnet Trading Competition NOW! <a href="https://sakeperp.fi">https://sakeperp.fi</a></p><p>More details: <a href="https://sakeswap.medium.com/sakeperp-x-broleon-bsc-testnet-trading-competition-39-999-busd-to-be-won-97325e58d9b2">https://sakeswap.medium.com/sakeperp-x-broleon-bsc-testnet-trading-competition-39-999-busd-to-be-won-97325e58d9b2</a></p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/0*nW_rSuQ9DgGl7Uu_" /></figure><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=3d79149cced2" width="1" height="1" alt="">]]></content:encoded>
        </item>
        <item>
            <title><![CDATA[SakePerp x BroLeon BSC Testnet Trading Competition, $39,999 BUSD to Be Won!]]></title>
            <link>https://sakeswap.medium.com/sakeperp-x-broleon-bsc-testnet-trading-competition-39-999-busd-to-be-won-97325e58d9b2?source=rss-d20d51cef323------2</link>
            <guid isPermaLink="false">https://medium.com/p/97325e58d9b2</guid>
            <category><![CDATA[futures-trading]]></category>
            <category><![CDATA[bsc]]></category>
            <category><![CDATA[binance-smart-chain]]></category>
            <category><![CDATA[derivatives]]></category>
            <category><![CDATA[perpetual-contracts]]></category>
            <dc:creator><![CDATA[SakePerp | SakeSwap]]></dc:creator>
            <pubDate>Wed, 12 May 2021 09:18:06 GMT</pubDate>
            <atom:updated>2021-06-16T07:58:18.002Z</atom:updated>
            <content:encoded><![CDATA[<h3>SakePerp x BroLeon BSC Testnet Trading Competition — Round 3, 39,999 BUSD to Be Won!</h3><p>SakePerp is holding an exciting BSC Testnet Trading Competition with BroLeon community which is the №1 Trading and Farming community on BSC.</p><p>SakePerp.fi is the first perpetual contract protocol built on the Binance Smart Chain (BSC) with an automated market-making (AMM) model. Leveraging vAMM + Oracle price discovery mechanism, SakePerp significantly reduces funding rates. SakePerp.fi also supports a dynamic market-making (MM) mechanism that can dramatically increase market-making liquidity efficiency by up to 4,000 times.</p><h3>New 100x Leverage</h3><p>BNB/BUSD trading pair supports 100x leverage on SakePerp.</p><p>SakePerp also brings</p><ul><li>Alert and Notification for better risk management</li><li>Chinese and Spanish versions</li></ul><p>Happy trading at <a href="http://sakeperp.fi">https://sakeperp.fi</a></p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*tPdfqQbGkdC5shv1Jy_FRQ.png" /></figure><h3><strong>PnL Competition Prize Pool — 36,999 BUSD</strong></h3><p>The top 300 traders ranked by <em>Round PnL</em> will win BUSD. The ranking will be restarted every 2 days. For instance, our top 300 traders by <em>PnL</em> of 2 days will receive a total of 6,166.5 BUSD tokens.</p><p>The competition will last for 12 days (6 qualification periods) which means a total of 1800 traders will win 36,999 BUSD.</p><p>Qualification periods for the<em> PnL </em>competition will be from 12:00:00 PM (UTC) to 11:59:59 AM (UTC) every 2 days of the competition period, for a total of 6 qualification periods, the first of which will begin on 2021/05/12 at 12:00:00 PM (UTC).</p><h3><strong>Winners</strong></h3><p>1st-20th place: equally split 1,200 BUSD</p><p>21st-50th place: equally split 1,200 BUSD</p><p>51st-100th place: equally split 1,200 BUSD</p><p>101st-180th place: equally split 1,200 BUSD</p><p>181st-300th place: equally split 1,366.5 BUSD</p><h3><strong>Bonus — 3,000 BUSD</strong></h3><p>For Traders</p><p>Share PnL on Twitter or Wechat, with #SakePerpFutures and get 10 likes for a chance to win 25 BUSD.</p><p>For Liquidity Providers/Market Makers</p><p>Share incomes on Twitter or Wechat, with #SakePerpFutures and get 10 likes for a chance to win 25 BUSD.</p><ul><li>10 Twitter followers and 10 Wechat followers will be randomly drawn in each qualification period.</li><li>There are 6 qualification periods, the same as the PnL Competition .</li><li>The lucky follower list will be announced within 24 hours of the end of each qualification period.</li><li>Total 120 lucky followers will win 3,000 BUSD.</li></ul><h3><strong>Competition period</strong></h3><p>Wed, May 12, 12 pm UTC to Mon, May 24, 12 pm UTC</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*xZRXbAfe6dz3EyHL89pgGA.png" /></figure><h3><strong>How to join?</strong></h3><ol><li>Follow @Sake_Perp_Swap on Twitter</li><li>Retweet the SakePerp Testnet Trading Competition tweet</li><li>Copy your Twitter handle then paste it into the input field on SakePerp <a href="http://sakeperp.fi">https://sakeperp.fi</a></li><li>Submit to get 20,000 test BUSD to start the competition</li><li>The participant can request 20,000 test BUSD once per qualification period.</li></ol><p>It is highly recommended to create a new wallet address for the competition to make sure there is no test BUSD balance and no record on the SakePerp BSC testnet before the competition. Each participant can request 20,000 test BUSD token to start the competition.</p><p>REMINDER: The trading competition is on BSC testnet. The test BUSD is only for SakePerp testing purposes and will never have a value.</p><p>MetaMask Setup on BSC testnet: <a href="https://sakeswap.gitbook.io/sakeswap-finance/bsc/bsc-wallet-setup-metamask/setup-on-testnet">https://sakeswap.gitbook.io/sakeswap-finance/bsc/bsc-wallet-setup-metamask/setup-on-testnet</a></p><h3><strong>Rules</strong></h3><ul><li>The BSC wallet address should be new on SakePerp. No BUSD balance and no position history on SakePerp before the trade competition.</li><li>Each Twitter account can only be tied to a wallet address once.</li><li>No extra testnet BUSD from third-parties.</li><li>Citizens from the US, UK and traders located in those jurisdictions are not eligible to participate in the competition.</li><li>The Sake team reserves the right to disqualify participants that are deemed to be cheating, wash trading, or self-dealing, etc.</li></ul><h3>Join the competition now!</h3><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=97325e58d9b2" width="1" height="1" alt="">]]></content:encoded>
        </item>
        <item>
            <title><![CDATA[New ILO on Ethereum — CoinDogg, an NFT platform built for creators and supporters]]></title>
            <link>https://sakeswap.medium.com/new-ilo-on-ethereum-coindogg-an-nft-platform-built-for-creators-and-supporters-8e80a90b5120?source=rss-d20d51cef323------2</link>
            <guid isPermaLink="false">https://medium.com/p/8e80a90b5120</guid>
            <category><![CDATA[dogecoin]]></category>
            <category><![CDATA[i̇do]]></category>
            <category><![CDATA[defi]]></category>
            <category><![CDATA[dex]]></category>
            <category><![CDATA[nft]]></category>
            <dc:creator><![CDATA[SakePerp | SakeSwap]]></dc:creator>
            <pubDate>Wed, 05 May 2021 09:57:51 GMT</pubDate>
            <atom:updated>2021-05-05T09:57:51.743Z</atom:updated>
            <content:encoded><![CDATA[<h3><strong>New ILO on Ethereum — CoinDogg, an NFT platform built for creators and supporters</strong></h3><p>We are glad to announce that the new ILO project on Ethereum is CoinDogg ($DOG) which is an NFT platform built for creators and supporters, enabling creatives to monetize on the internet through a decentralized ecosystem powered by $DOG.</p><p>Now is the Sake Community Voting period for CoinDogg ($DOG) ILO.</p><p><a href="https://snapshot.org/#/sake/proposal/QmRWqbHdXfXfJjnwMb8nBZQFWxvEouUr5NVyqf3yv2ii7n"><strong>VOTE NOW!</strong></a></p><figure><img alt="" src="https://cdn-images-1.medium.com/max/900/0*yO9wWnf-2FjwRmfD" /></figure><h3><strong>The first blockchain-based NFT rewards platform</strong></h3><p>CoinDogg is on a mission to build the first blockchain-based digital rewards platform for content creators and their supporters. The platform will empower independent creators to monetize their content in any currency on any platform and reward their loyal followers with tradeable NFT rewards.</p><h3><strong>CoinDogg Team</strong></h3><p>The CoinDogg Founding Team is a diverse and international team made up of partners from all around the world . The team has extensive experience in the fields of development, design, growth, marketing, commercialisation and crypto. Co-founders were also formerly part of the Antler program, a global early-stage VC.</p><h3><strong>ILO Details</strong></h3><p>— Pool/Liquidity Cap Info</p><p>Contribution Coin/Token: ETH</p><p>Liquidity Pool Total Raise: 20 ETH</p><p>Price: 0.008 USDT per DOG</p><p>Project Token: DOG</p><p>— Investor Access &amp; Contribution Limits</p><p>Access Type: Public</p><p>Min. Contribution: 0.1 ETH</p><p>Max. Contribution: 5 ETH</p><p>— Offering Dates &amp;Token Unlocking</p><p>Community Voting Period (UTC+8): Wed, 5 May, 6 pm — Thu, 6 May, 6 pm</p><p>Liquidity Offer Start Date (UTC+8): Fri, 7 May, 8 am — Sat, 8 May, 8 am</p><p>LP Token Lock Period: 1 Day</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/0*gvz98CVZyQHtLoLf" /></figure><h3><strong>More about CoinDogg</strong></h3><p>Website: <a href="http://www.coindogg.com">www.coindogg.com</a></p><p>Twitter: <a href="https://twitter.com/CoinDoggEX">https://twitter.com/CoinDoggEX</a></p><p>Medium: <a href="https://coindogg.medium.com">https://coindogg.medium.com</a></p><p>Telegram: <a href="https://t.me/coindogg">https://t.me/coindogg</a></p><h3><strong>More about Sake</strong></h3><p>SAKE is the first governance token in DeFi that supports both spot market and futures market with SakeSwap AMM DEX and SakePerp Perpetual Contract.</p><p>SakeSwap ILO on BSC: <a href="https://app-bsc.sakeswap.finance/#/liquidity-offering">https://app-bsc.sakeswap.finance/#/liquidity-offering</a></p><p>SakeSwap Swap page: <a href="https://bsc.sakeswap.finance/#/swap">https://bsc.sakeswap.finance/#/swap</a></p><p>Vote: <a href="https://snapshot.page/?from=singlemessage#/sake">https://snapshot.page/?from=singlemessage#/sake</a></p><p>SakePerp: <a href="http://sakeperp.fi/home">http://sakeperp.fi/home</a></p><p>Twitter: <a href="https://twitter.com/sakeswap">https://twitter.com/sakeswap</a></p><p>Medium: <a href="https://medium.com/@sakeswap">https://medium.com/@sakeswap</a></p><p>Discord: <a href="https://discord.gg/uYFVyNX">https://discord.gg/uYFVyNX</a></p><p>Telegram: <a href="https://t.me/joinchat/RKkt2Oi4_4sxkXbF">https://t.me/joinchat/RKkt2Oi4_4sxkXbF</a></p><p>WeChat: SakeSwap</p><p>Audit: <a href="https://sakeswap.finance/SAKEen.pdf">https://sakeswap.finance/SAKEen.pdf</a></p><p>Github: <a href="https://github.com/Sakeswap/sakeswap-protocol">https://github.com/Sakeswap/sakeswap-protocol</a></p><p>Useful Tutorials: <a href="https://www.youtube.com/playlist?list=PLMAvf3CWmVcaQnE-JgomMNsCkzhVvWwpc">https://www.youtube.com/playlist?list=PLMAvf3CWmVcaQnE-JgomMNsCkzhVvWwpc</a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=8e80a90b5120" width="1" height="1" alt="">]]></content:encoded>
        </item>
        <item>
            <title><![CDATA[SakePerp.fi raises $3mm strategic funding round led by GBV, CMS, Future Fund, Longling and MGNR]]></title>
            <link>https://sakeswap.medium.com/sakeperp-fi-raises-3mm-strategic-funding-round-led-by-gbv-cms-future-fund-longling-and-mgnr-ebe20740adcc?source=rss-d20d51cef323------2</link>
            <guid isPermaLink="false">https://medium.com/p/ebe20740adcc</guid>
            <category><![CDATA[perpetual-contracts]]></category>
            <category><![CDATA[dex]]></category>
            <category><![CDATA[derivatives]]></category>
            <category><![CDATA[bsc]]></category>
            <category><![CDATA[futures-trading]]></category>
            <dc:creator><![CDATA[SakePerp | SakeSwap]]></dc:creator>
            <pubDate>Tue, 27 Apr 2021 06:08:50 GMT</pubDate>
            <atom:updated>2021-04-27T06:08:50.775Z</atom:updated>
            <content:encoded><![CDATA[<p>The SakePerp protocol has successfully completed the first phase of the Market Maker liquidity fundraising round. The capital will be used for liquidity provision on the SakePerp protocol. SakePerp utilizes an innovative Dynamic Market-Making mechanism (DMM), which provides tiered liquidity position management based on the risk appetite of each market maker.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/0*AHgPBgQ1gom-UUTc.jpg" /></figure><p>SakePerp has successfully closed a $3 million fundraising round. Participating investors include GBV, CMS, Future Fund, Longling Capital, MGNR, Digital Renaissance Foundation, and others.</p><p>SakePerp.fi is the first perpetual contract protocol built on the Binance Smart Chain (BSC) with an automated market-making (AMM) model. Leveraging vAMM + Oracle price discovery mechanism, SakePerp significantly reduces funding rates. SakePerp.fi also supports a dynamic market-making (MM) mechanism that can dramatically increase market-making liquidity efficiency by up to 4,000 times. SakePerp is holding its <a href="https://sakeswap.medium.com/26k-busd-to-be-won-sakeperp-trading-competition-bsc-testnet-round-2-883643279846">second Trading Competition</a> on testnet, with mainnet expected in May, stay tuned for the latest announcement!</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*XR4Jh5YcDa8g948byhhRcw.png" /></figure><h3>More about SAKE</h3><p>SakePerp BSC Testnet: <a href="http://perp-bsc-testnet.sakeswap.org/">http://s</a>akeperp.fi</p><p>SakeSwap BSC Farming: <a href="https://app-bsc.sakeswap.finance/#/farmv2">https://app-bsc.sakeswap.finance/#/farmv2</a></p><p>SakeSwap Ethereum: <a href="https://sakeswap.finance/">https://sakeswap.finance/</a></p><p>Twitter: <a href="https://twitter.com/sakeswap">https://twitter.com/</a>sake_perp_swap</p><p>Medium: <a href="https://medium.com/@sakeswap">https://medium.com/@sakeswap</a></p><p>Discord: <a href="https://discord.gg/uYFVyNX">https://discord.gg/uYFVyNX</a></p><p>Telegram: <a href="https://t.me/SakeSwap_Official">https://t.me/joinchat/RKkt2Oi4_4sxkXbF</a></p><p>WeChat: SakeSwap</p><p>Audit: <a href="https://sakeswap.finance/SAKEen.pdf">https://sakeswap.finance/SAKEen.pdf</a></p><p>Github: <a href="https://github.com/Sakeswap/sakeswap-protocol">https://github.com/Sakeswap/sakeswap-protocol</a></p><p>Useful Tutorials: <a href="https://www.youtube.com/playlist?list=PLMAvf3CWmVcaQnE-JgomMNsCkzhVvWwpc">https://www.youtube.com/playlist?list=PLMAvf3CWmVcaQnE-JgomMNsCkzhVvWwpc</a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=ebe20740adcc" width="1" height="1" alt="">]]></content:encoded>
        </item>
        <item>
            <title><![CDATA[26K BUSD to Be Won! SakePerp Trading Competition — BSC Testnet Round 2]]></title>
            <link>https://sakeswap.medium.com/26k-busd-to-be-won-sakeperp-trading-competition-bsc-testnet-round-2-883643279846?source=rss-d20d51cef323------2</link>
            <guid isPermaLink="false">https://medium.com/p/883643279846</guid>
            <category><![CDATA[perpetual-contracts]]></category>
            <category><![CDATA[defi]]></category>
            <category><![CDATA[bsc]]></category>
            <category><![CDATA[futures-trading]]></category>
            <category><![CDATA[binance-smart-chain]]></category>
            <dc:creator><![CDATA[SakePerp | SakeSwap]]></dc:creator>
            <pubDate>Thu, 22 Apr 2021 14:08:58 GMT</pubDate>
            <atom:updated>2021-04-22T14:30:35.391Z</atom:updated>
            <content:encoded><![CDATA[<h3>26K BUSD to Be Won! SakePerp Trading Competition — BSC Testnet Round 2</h3><p>SakePerp is holding an exciting Testnet Trading Competition with a total prize pool of 26,000 BUSD.</p><p>SakePerp.fi is the first AMM-based perpetual contract protocol on Binance Smart Chain (BSC) powered by the vAMM+Oracle price discovery mechanism.</p><h3><strong>New Markets</strong></h3><p>BNB/BUSD, LINK/BUSD and XVS/BUSD will be added to the Markets.</p><p>SakePerp is now live on BSC testnet! Start trading now!</p><p><a href="http://sakeperp.fi">SakePerp</a></p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/0*3kRYFdOVcjP05YiV" /></figure><h3><strong>ROI Competition Prize Pool — 20,000 BUSD</strong></h3><p>The top 200 traders ranked by <em>ROI</em> will win BUSD. The ranking will be restarted every 2 days. For instance, our top 200 traders by <em>ROI </em>of 2 days will receive a total of 4,000 BUSD tokens.</p><p>The competition will last for 10 days (5 qualification periods) which means a total of 1,000 traders will win 20,000 BUSD.</p><p>Qualification periods for the ROI competition will be from 2:00:00 PM (UTC) to 1:59:59 PM (UTC) every 2 days of the competition period, for a total of 5 qualification periods, the first of which will begin on 2021/04/26 at 2:00:00 PM (UTC).</p><h3><strong>Referral Prize Pool — 5,000 BUSD</strong></h3><p>The SakePerp referral system is called the “Advisory Board”. Copy your referral link from the “Referrals Tab” and share that with friends or members from your group.</p><p>You will score 1 point for every successful referral that joins SakePerp through your link. A successful referral is defined by the interaction with SakePerp’s smart contract including opened/closed options as well as providing liquidity.</p><p>All users on the Advisory Board will share the 5,000 BUSD defined by their final scores.</p><h3><strong>Bonus</strong></h3><p>For Traders</p><p>Share PnL (Profit and Loss)<strong> </strong>on Twitter, with #SakePerp and tag 3 of your friends for a chance to win 20 BUSD.</p><p>For Liquidity Providers/Market Makers</p><p>Share incomes on Twitter, with #SakePerp and tag 3 of your friends for a chance to win 20 BUSD.</p><p>50 winners will be announced on Twitter at the end of the competition period.</p><h3><strong>Competition period</strong></h3><p>26 April, 2 pm UTC to 6 May, 2 pm UTC</p><h3><strong>How to join?</strong></h3><ol><li>Follow @SakeSwap on Twitter</li><li>Retweet the SakePerp Testnet Trading Competition tweet</li><li>Copy your Twitter handle then paste it into the input field on SakePerp <a href="http://sakeperp.fi">http://sakeperp.fi</a></li><li>Submit to get 20,000 test BUSD to start the competition</li></ol><p>It is highly recommended to create a new wallet address for the competition to make sure there is no test BUSD balance and no record on the SakePerp BSC testnet before the competition. Each participant can request 20,000 test BUSD token to start the competition.</p><p>REMINDER: The trading competition is on BSC testnet. The test BUSD is only for SakePerp testing purposes and will never have a value.</p><p>MetaMask Setup on BSC testnet: <a href="https://sakeswap.gitbook.io/sakeswap-finance/bsc/bsc-wallet-setup-metamask/setup-on-testnet">https://sakeswap.gitbook.io/sakeswap-finance/bsc/bsc-wallet-setup-metamask/setup-on-testnet</a></p><h3><strong>Rules</strong></h3><ul><li>The BSC wallet address should be new on SakePerp. No BUSD balance and no position history on SakePerp before the trade competition.</li><li>Each Twitter account as well as each BSC address can request the 20,000 testnet BUSD only once.</li><li>No extra testnet BUSD from third-parties.</li><li>Citizens from the US, UK and traders located in those jurisdictions are not eligible to participate in the competition.</li><li>The Sake team reserves the right to disqualify participants that are deemed to be cheating, wash trading, or self-dealing, etc.</li></ul><h3><strong>Join the competition now!</strong></h3><h3>More about SakeSwap</h3><p>SAKE is the first governance token in DeFi that supports both spot market and futures market with SakeSwap AMM DEX and SakePerp Perpetual Contract.</p><p>SakePerp: <a href="http://sakeperp.fi/home">http://sakeperp.fi</a></p><p>SakeSwap ILO on BSC: <a href="https://app-bsc.sakeswap.finance/#/liquidity-offering">https://app-bsc.sakeswap.finance/#/liquidity-offering</a></p><p>SakeSwap Swap page: <a href="https://bsc.sakeswap.finance/#/swap">https://bsc.sakeswap.finance/#/swap</a></p><p>Vote: <a href="https://snapshot.page/?from=singlemessage#/sake">https://snapshot.page/?from=singlemessage#/sake</a></p><p>Twitter: <a href="https://twitter.com/sakeswap">https://twitter.com/sakeswap</a></p><p>Medium: <a href="https://medium.com/@sakeswap">https://medium.com/@sakeswap</a></p><p>Discord: <a href="https://discord.gg/uYFVyNX">https://discord.gg/uYFVyNX</a></p><p>Telegram: <a href="https://t.me/joinchat/RKkt2Oi4_4sxkXbF">https://t.me/joinchat/RKkt2Oi4_4sxkXbF</a></p><p>WeChat: SakeSwap</p><p>Audit: <a href="https://sakeswap.finance/SAKEen.pdf">https://sakeswap.finance/SAKEen.pdf</a></p><p>Github: <a href="https://github.com/Sakeswap/sakeswap-protocol">https://github.com/Sakeswap/sakeswap-protocol</a></p><p>Useful Tutorials: <a href="https://www.youtube.com/playlist?list=PLMAvf3CWmVcaQnE-JgomMNsCkzhVvWwpc">https://www.youtube.com/playlist?list=PLMAvf3CWmVcaQnE-JgomMNsCkzhVvWwpc</a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=883643279846" width="1" height="1" alt="">]]></content:encoded>
        </item>
    </channel>
</rss>