
LycanFi is a high-risk dApp that claims to be the scariest algorithmic stablecoin on the Binance Smart Chain and pegged to the price of 1 BUSD via seigniorage. According to the whitepaper, Lycan Finance is a tomb fork where the team tweaked the metrics according to experiences in the space in order to make it successful. The rewards for the LYCAN-BUSD LP genesis pool were increased to incentivize people to create LP instead of dumping their LYCAN’s.
| Categories: | DeFi , |
| On chains: | BNB Chain |
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Yes LycanFi is supported on BNB Chain.
LycanFi token is supported by following blockchains: BNB Chain
LycanFi is LycanFi is a high-risk dApp that claims to be the scariest algorithmic stablecoin on the Binance Smart Chain and pegged to the price of 1 BUSD via seigniorage. According to the whitepaper, Lycan Finance is a tomb fork where the team tweaked the metrics according to experiences in the space in order to make it successful. The rewards for the LYCAN-BUSD LP genesis pool were increased to incentivize people to create LP instead of dumping their LYCAN’s. . LycanFi's native token is LycanFi. LycanFi token is supported by following blockchains: BNB Chain.