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

Elon Musk Considers Merger Between Tesla and SpaceX

Elon Musk is exploring a merger between Tesla and SpaceX, aiming to consolidate resources and reshape his AI empire.

user avatarTenzin Dorje

Tesla to Cease Cybertruck Production to Focus on Cybercab

Tesla will cease Cybertruck production at its Texas Gigafactory by mid-next year to focus on Cybercab manufacturing.

user avatarBayarjavkhlan Ganbaatar

US Spot Bitcoin ETFs Face Notable Withdrawals.

US spot Bitcoin ETFs have recorded substantial outflows, reversing optimism and highlighting cautious institutional demand.

user avatarMohamed Farouk

Digital Sovereignty Alliance Engages in Key Discussions on Digital Asset Regulation

The Digital Sovereignty Alliance engaged in discussions on digital asset regulation at the Strobe Summit.

user avatarElias Mukuru

World Liberty Financial Launches WLFI Token Buyback Program

World Liberty Financial has announced a new buyback program for its WLFI cryptocurrency amid significant price declines.

user avatarKenji Takahashi

WLFI Price Analysis Shows Mixed Technical Indicators

Technical analysis of WLFI indicates mixed signals, with key support and resistance levels identified.

user avatarDiego Alvarez

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.