LycanFi Crypto Analytics & User Data

Should I buy LycanFi?

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.