ShapeShift x Tokemak

[Insert Graphic Here]

TL;DR

• The second Collateralization of Reactors Event began November 9th and was concluded on November 16th (see Medium here)
• The ShapeShift community rallied together to help FOX win first place in the C.o.R.E.2. Event with a total of 8,847,211.454 Votes
• A ShapeShift DAO POAP was rewarded to everyone who voted for a FOX reactor
• The founder of ShapeShift, Erik Voorhees wrote an open letter to the Tokemak community asking for support as well as expressing his generosity to help win the reactor
• The Tokemak reactor is now live and incentivizing single-sided liquidity
• Holders can now stake their FOX at Tokemak here

The ShapeShift Tokemak reactor is getting ignited today! Many thanks to the Tokemech community for voting and supporting ShapeShift in the C.o.R.E.2. Event.

We are super excited for this collaboration with one of the best crypto liquidity engines. With the increased incentivization of FOX liquidity that this reactor provides, ShapeShift can continue its mission to build the world’s best crypto interface: one that is open-source, self-custodial, multi-chain, and borderless. We add no fees to our users, and we impose no KYC.

The token reactor will not only help incentivize liquidity in FOX and allow single sided FOX staking, but also connect both of our communities, who already share similar values.

About Tokemak

Tokemak allows for increased transparency and democratization of liquidity provision, with the goal of becoming the primary vessel through which liquidity can flow freely and efficiently across networks. When staking to a given asset’s token reactor, TOKE holders control not only where the liquidity gets directed, but also what markets receive liquidity.

These are some of the primary use cases for Tokemak:

• Tokemak creates sustainable DeFi liquidity and capital efficient markets through a convenient decentralized market making protocol
• Tokemak is designed for Liquidity providers and yield farmers
• DAOs can harness Tokemak’s liquidity flow in order to strengthen and direct liquidity for their project, offering an alternative to traditional liquidity mining
• Projects are able to inexpensively stand up their own token reactors and use the Tokemak’s protocol controlled assets to generate healthy liquidity for their project
• Market Makers can take advantage of the network’s store of assets in order to direct liquidity across various exchangers.