ShibaSwap Comes Home: Decentralized Exchange ShibaSwap Ports to Shibarium, Unleashing the Power of Community
May 16 2024 - 4:00AM
SHIB, a world-leading ecosystem of decentralized finance (DeFi)
cryptocurrencies that has gained popularity among millions of
holders worldwide, today announced that it has ported its
decentralized exchange ShibaSwap to the Shibarium blockchain. The
DEX will now be usable on both Ethereum and Shibarium. The move is
the defining upgrade for ShibaSwap, empowering creators, fostering
connections, and driving innovation on Shibarium.
ShibaSwap, powered by Shibarium, will offer a variety of new
decentralized exchange and decentralized app (Dapp) utilities,
including:
- A brand new and enhanced
dashboard and improved user processes (add/withdraw liquidity,
staking, trend analysis, and more)
- Discovery charts for new and
trending tokens to help traders navigate the market’s volatility
and craziness
- The onboarding of new tokens onto
ShibaSwap
The community is encouraged to leverage ShibaSwap on Shibarium.
Part of the transaction fees portion will be utilized to enhance
the value of the LPs used in the swap transaction. This results in
an increase in the value of the LP tokens for users, ultimately
benefiting the community of yield farmers as a whole."The new
ShibaSwap empowers DEFI innovators looking for the next hit on
Shibarium to find, swap, and interact with community tokens in an
entirely new way! It is the redesigned beating heart of a
freshly forked Shibarium, where community tokens can flourish. We
invite the community to try our new swap and invite current
Shibarium tokens to port over to our swap with ease. Finally, rest
assured, this new UX is still an early Shibaswap version, with more
updates in the pipeline for the product,” said Shiba Inu Lead
Developer known as Shytoshi Kusama.
Focusing on facilitating high-speed transactions with minimal
gas fees and transforming the user experience in the blockchain
space, Shibarium is built on the community-first and
environment-friendly consensus mechanism. Anyone can build
cost-effective protocols on Shibarium, expanding the reach and
potential of the ecosystem while enriching the overall user
experience. Shibarium also supports the other growing segments of
the Shiba Inu Ecosystem, including the $SHIB and $LEASH tokens,
SHEboshis DN-404 tokens, SHIB The Metaverse, the ShibaSwap DEX, and
the Shiba Eternity game.
About SHIBSHIB is a world-leading ecosystem of
decentralized finance (DeFi) cryptocurrencies that has gained
popularity among millions of holders worldwide. It has 3.9 million
X (formerly Twitter) followers and is frequently ranked as the
second-most searched crypto project by Google. Its ecosystem of
tokens include $SHIB, $LEASH, and $BONE, plus native SHIBOSHIs and
SHEboshi NFTs. SHIB.io utilizes the Shib Ecosystem to power quality
technologies including SHIB:The Metaverse and Shibarium, the Layer
2 blockchain providing a solid foundation, scalability, security,
and innovation for a decentralized world.
To learn more about SHIB, please visit the official
website: https://www.shib.io.
Xenia von Wedel
President
Transform Group
415-340-2792
shib (at) transformgroup.com