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ShibaSwap is a decentralized crypto exchange (DEX) that evolved off the Shiba Inu ecosystem. As a decentralized exchange, ShibaSwap makes it possible for users
Last updated
ShibaSwap is a decentralized crypto exchange (DEX) that evolved off the Shiba Inu ecosystem. As a decentralized exchange, ShibaSwap makes it possible for users
Last updated
ShibaSwap started from a decentralized meme token SHIB and evolved into a vibrant ecosystem. It is the native DEX of the Shiba Inu Coin project that allows users to trade peer-to-peer without any counterparties.
ShibaSwap allows users to provide liquidity to earn BONE through digging, stake their BONEs to earn rewards, and swap their tokens for other tokens. Furthermore, users can vote through Doggy DAO to make decisions and participate in community events, and claim WOOF as returns, all in a decentralized environment. It also has a unique and exclusive NFT collection called Shiboshis with 10,000 NFTs, which are special to the ShibaSwap community and available for trading.
Here is a brief introduction to ShibaSwap’s BONE economic flow within the ecosystem. Usually, users can “bury” (stake) or “dig”(provide liquidity) BONEs.
When the user “bury”(stake) BONE tokens, the user will get tBONE. 1% of all BONE Per Block (BPB) is additionally minted and distributed to tBONE holders, that are part of the BONE POOL. 0.05% of the allocated swap fees are distributed into Bury pools and a part is sent to tBONE holders, which allows users to increase their BONE balance. The 33% of the BONE returns will be distributed weekly and available for withdrawal and the remaining 67% will be time-locked for six months.
