Rocketing SHAKE, falling market. Why is everything happening back to front?

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SpaceSwap Captain Blog

4 min readOct 31, 2020

A lot of strange things are happening within the DeFi market this month. Halloween pre-echoes? Maybe. However, is this a long-lasting tendency or just the preparation for a new push?

What happened to the DeFi market?

It’s been a tough month for DeFi. First, the Binance Futures’ DeFi index dropped more than 50% from $1,189, on the very first day of trading. Then, some of the top-notch projects like Uniswap, Chainlink, Aave and Synthetix dropped down to nearly half of their YTD highs.

Now, the DPI from DefiPulse is losing almost one-third of its value — the highest price of $106 was recorded on October 1st and the lowest price of $63 occurred on October 30th.

However, that doesn’t surprise either me or any other crypto enthusiast. Scams did well to make the price of all the tokens fall.

Still, not all the tokens veered off the road to success. SHAKE is here to win it all.

SHAKE is here to stay

I’m very delighted about the fact that SHAKE has sky-rocketing interest rates.

It is performing great within all the pairs on Uniswap.

The SHAKE price rose from $634 on September 30th to $1325 on October, 30th.

The total volume of the project is more than $500k!

Why is SHAKE so popular?

First of all, the project is constantly developing.

The SpaceSwap team consists of innovators whose cosmic ideas make this project so prosperous.

Recently, a list of new projects within the SpaceSwap platform has been presented.

Shadow Staking

This is a brand new way to stake LP tokens. All tokens are kept by you, which makes the staking process more secure and transparent. Moreover, there’s no need to send them back and forth, making this product almost gasless.

All you need to do is go to the official SpaceSwap site, choose the pool, proceed to Uniswap, add liquidity to the corresponding pool and receive LP tokens on your wallet.

Then you go back to SpaceSwap again and activate the pool. No need to send the LP tokens to SpaceSwap! The system automatically reads the information from your wallet.

2. Index

Index is a coin that will allow you to earn profit from the whole industry. The Index Token Platform is a place for issuing the top-hit token indexes.

3. DeFi Software Center

This is a space that is responsible for the collaboration and development of DeFi side projects.

4. Gravity

A platform for stablecoin arbitrage which allows you to earn additional MILK2 rewards. Gravity offers higher rewards in the pools that achieve nominal value. The rewards decrease if and when the price in the pool is higher than nominal. All in all, the system stimulates the sale of expansive assets and the purchase of those that are at a low cost.

Second of all, SHAKE tokenomics are just awesome. Not that I’m boasting, but still…

SHAKE tokenomics

To date, SHAKE is a rare and valuable coin.

The SpaceSwap project announced that only 10,000 coins will be issued. Moreover, at the moment, only 2 MILK2 coins are minted per block. So the ability to mix some SHAKE in the Blender is also minimized.

That’s why demand for the coin is growing day by day.

Initially, there were 100,000 ready to be issued. However, it was a wise decision to reduce the amount of SHAKE. Thus, we lowered inflation and raised liquidity. That was a classic win-win situation in a comical opera setting.

That’s how it goes for now. I am more than satisfied with the SHAKE results. They showcase the fact that DeFi is worth its risks. You just need a team of innovators and some bright ideas to attain stratospheric results.

Open the MILK2-ETH pool on Uniswap and click on the ‘Trade’ button to buy MILK instantly.

For more information, check out GitHub or contact the SpaceSwap team: