ShibaSwap Announces Liquid Staking Launch for DeFi

user avatar

by Giorgi Kostiuk

2 years ago

The ShibaSwap decentralized exchange is preparing for major updates with the launch of liquid staking, attracting new users to the Shibarium ecosystem.

Details of ShibaSwap Update

This weekend, Shibarium Updates (@Shibizens) announced the upcoming introduction of liquid staking on ShibaSwap. This information was also posted on the newly rebranded Shiba Inu website.

New Liquid Staking Feature

Liquid staking will allow users to stake tokens on ShibaSwap while maintaining access to their assets for trading or use as collateral on other DeFi platforms. Participants staking their TREAT tokens will receive liquid tokens, veTREAT, which also provide governance rights.

Karma System and Future of ShibaSwap

Plans include the introduction of a Karma Point system, allowing users to earn points by interacting with various ecosystem tokens or providing liquidity on ShibaSwap. Karma points will enhance users' voting power in the upcoming Shib Doggy DAO. The specific launch date for liquid staking has yet to be announced.

The introduction of liquid staking on ShibaSwap and future updates, such as the Karma Point system and Shib Doggy DAO, will solidify the platform's standing in the DeFi world.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

JP Morgan Asset Management Launches Tokenized Money Market Funds on Solana

JP Morgan Asset Management has launched two tokenized money market funds, MONY and JLTXX, on the Solana blockchain for qualified US investors.

user avatarZainab Kamara

Bitwise Dogecoin ETF Reaches Liquidation Distribution Date

The Bitwise Dogecoin ETF has reached its announced liquidation distribution date on October 22, with remaining shareholders set to receive cash based on the fund's net asset value.

user avatarSon Min-ho

Solayer Pay Launches Direct Stablecoin Deposits for Enhanced User Experience

Solayer Pay has launched a feature allowing direct stablecoin deposits from five major blockchain networks, simplifying the funding process for users.

user avatarAyman Ben Youssef

CMCC Global Introduces Tokenized Fund Strategies

CMCC Global is introducing two fund strategies as tokenized securities through Tether's Hadron infrastructure and Bitfinex Securities under El Salvador's regulations.

user avatarTando Nkube

Senator Blumenthal Investigates Tether's Payments to Consultancy

Senator Blumenthal investigates Tether's payments to consultancy Nxum over potential ethics concerns.

user avatarKofi Adjeman

Blockchain Association Pushes for Crypto Tax Legislation

The Blockchain Association advocates for bipartisan changes to cryptocurrency tax regulations, seeking a de minimis exemption for small transactions and clarity in tax reporting for digital asset users.

user avatarNguyen Van Long

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.