This dApp is identified as high risk based on
Red Alarm
LycanFi
The scariest algorithmic stablecoin on the Binance Smart Chain.
*No investment advice.
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Data Report
Overview
What is LycanFi?
DeFi
Derivatives
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.
Team
Coming Soon
Partners
Coming Soon
Chain
BNB Smart Chain
Audit
No Audit
Token
Has Token
Data Report
Statistics on BNB Smart Chain
Statistics on BNB Smart Chain
7D
Users
Users
TXNS
TVL
No Data
today
DeFi
No Data