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ShibaSwap Comes Home: Decentralized Exchange ShibaSwap Ports to Shibarium, Unleashing the Power of Community
May 16, 2024 2:06 pm UTC, Jack R. Mitchell
ShibaSwap, the cornerstone of a thriving community ecosystem, is empowering creators, fostering connections, and driving innovation on Shibarium, a world-leading ecosystem of decentralized finance (DeFi) cryptocurrencies. ShibaSwap has announced the porting of its decentralized exchange to the Shibarium blockchain. This move will see ShibaSwap operational on both Ethereum and Shibarium, marking a significant upgrade and setting the stage for creators, connections, and innovation within the Shibarium ecosystem.
ShibaSwap’s Enhanced Features on Shibarium
With the power of Shibarium, ShibaSwap is introducing a host of new decentralized exchange (DEX) and decentralized app (Dapp) utilities. These include:
- A brand-new, enhanced dashboard with improved user processes for adding/withdrawing liquidity, staking, trend analysis, and more.
- Discovery charts for new and trending tokens, helping traders navigate the market’s volatility.
- Onboarding of new tokens onto ShibaSwap.
The ShibaSwap community is encouraged to leverage these new features on Shibarium. A portion of the transaction fees will be used to enhance the value of the liquidity provider (LP) tokens, benefiting the entire community of yield farmers.
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A New Era for DeFi Innovators
“The new ShibaSwap empowers DeFi innovators looking for the next big 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 encourage current Shibarium tokens to port over with ease. Rest assured, this new UX is an early version, with more updates in the pipeline,” said Shytoshi Kusama, Lead Developer at Shiba Inu.
Shibarium: High-Speed, Low-Cost, Community-First Blockchain
Shibarium focuses on facilitating high-speed transactions with minimal gas fees, transforming the user experience in the blockchain space. Built on a community-first and environment-friendly consensus mechanism, Shibarium allows anyone to build cost-effective protocols, expanding the ecosystem’s reach and potential. It supports other growing segments of the Shiba Inu Ecosystem, including $SHIB, $LEASH tokens, SHEboshis DN-404 tokens, SHIB The Metaverse, the ShibaSwap DEX, and the Shiba Eternity game.
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About SHIB
SHIB is a leading ecosystem of decentralized finance (DeFi) cryptocurrencies, popular among millions of holders worldwide. With 3.9 million followers on X (formerly Twitter), SHIB is frequently ranked as the second-most searched crypto project by Google. The SHIB ecosystem includes tokens such as $SHIB, $LEASH, and $BONE, as well as native SHIBOSHIs and SHEboshi NFTs. SHIB.io powers quality technologies like SHIB: The Metaverse and Shibarium, a 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.
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