What is Shadow (SHADOW)?

Shadow is an AMM DEX (decentralized automatic exchange) built on the Sonic blockchain – a Layer-1 platform inherited and developed from Fantom, fully compatible with EVM. Shadow aims to provide an optimal decentralized trading experience, integrating the x(3,3) model – an improvement on the traditional ve(3,3), to increase flexibility, attract liquidity, and create staking incentives for users.

How does Shadow work?

Shadow operates on an AMM model with products such as: Token Swap, Liquidity Provision, Staking, and community point accumulation. This DEX combines a concentrated liquidity mechanism similar to Uniswap V3, along with the xSHADOW staking model that allows users to receive rebase from transaction fees and governance voting rewards.

Shadow also implements the Shadow Points Program for early users, allowing them to exchange for future rewards.

Shadow's Products

1. Trade

A platform for swapping tokens on Sonic with high speed and low fees, supporting pairs like: S/USDC, ETH/S, ETH/USDC, scUSD/USDC…

2. Liquidity Provision

Users can provide liquidity with a concentrated liquidity mechanism to receive rewards and transaction fees. Shadow also supports pools dedicated to memecoins, where a portion of fees is redistributed to the token and LPs.

3. Staking (xSHADOW)

SHADOW can be converted to xSHADOW to stake and receive rewards:

• Rebase: received from transaction fees.
• Vote Rewards: rewards from the voting mechanism.
  A special feature is that xSHADOW can be flexibly converted back to SHADOW, increasing liquidity and avoiding long-term locking like traditional veTokens.

4. Shadow Points Program

Users accumulate points through activities like trading, liquidity provision, staking, etc. These points can be used to exchange for rewards or receive future benefits.

Highlights of Shadow

• x(3,3) instead of ve(3,3): More flexible token staking/lock mechanism, no need for long-term lock while maintaining reward and governance mechanisms.
• Concentrated Liquidity: Optimize capital efficiency and increase rewards for LPs.
• Memecoin-friendly ecosystem: Support memecoin projects to easily attract liquidation.
• Simple interface: Easy to use for beginners and fast for experienced users.

Overview of SHADOW Token and Tokenomics

Token Data

• Name: Shadow
• Ticker: SHADOW
• Blockchain: Sonic
• Contract: 0x3333b97138d4b086720b5ae8a7844b1345a33333
• Total Supply: 10,000,000 SHADOW
• Circulating Supply: 392,540 SHADOW

SHADOW Token Distribution

• Presale: 25%
• Team: 25%
• Protocol Owned Liquidity (POL): 10%
• Airdrop: 10%
• Community: 5%
• Reserves: 15%
• Partners: 10%

SHADOW Token Vesting Schedule

SHADOW Token Storage Wallets & Exchanges

Storage Wallets:

• MetaMask (via Sonic RPC)
• OKX Wallet
• Rabby Wallet

Exchanges:

• Shadow DEX
• Currently added to Binance Alpha with potential listing on Binance

Roadmap

The project is focusing on developing the following features:

• Expand liquidation pools
• Integrate more DeFi partners
• Unlock Shadow Points
• Update x(3,3) v2 version

Project Team

Currently, the Shadow development team has not officially disclosed their identities. However, Shadow is actively working on social media and regularly updates its progress.

Investors and Partners

Investors

Not disclosed.

Notable Partners:

• Compound
• Gamma
• Beefy
• Memecoin projects on Sonic

Similar Projects

• Velodrome (ve(3,3) on Optimism)
• Aerodrome
• Camelot DEX
• Retro

Insights on Shadow

Shadow is one of the pioneering AMMs on Sonic, combining innovative staking and governance mechanisms from the x(3,3) model. Its focus on user experience, memecoins, and flexible liquidity makes this project worth watching - especially as Sonic becomes a hot Layer-1 infrastructure. If Sonic explodes, Shadow could potentially become the central liquidity platform.

Frequently Asked Questions about Shadow

Does SHADOW require long-term locking like ve(3,3)?

No, xSHADOW can be converted back to SHADOW at any time.

Which network does Shadow operate on?

On the Sonic network, a new Layer-1 upgraded from Fantom.

Is there an Airdrop?

Yes, the project allocates 10% of total supply for airdrop. Shadow Points will be the basis for evaluating early users.

Summary

Shadow is a new AMM project on Sonic with numerous improvements from the ve(3,3) model, creating a decentralized experience that is both flexible and memecoin-friendly. Although the team and official mainnet launch have not been announced, its rational tokenomics design and vibrant community activity make Shadow a potential destination in the Sonic ecosystem.