Shiba Inu now launches ShibaSwap 2.0 with massive updates, including DeFi-friendly improvements, sources confirm.
Shiba Inu has officially introduced ShibaSwap 2.0, an upgraded version of its decentralized exchange (DEX).
This latest iteration includes various features designed to enhance user experience and boost activity on the Shibarium network.
Lucie, the Marketing Lead for Shiba Inu, outlined the enhancements aimed at making decentralized finance (DeFi) more accessible.
ShibaSwap 2.0 retains essential functionalities such as token swaps, liquidity provision, and staking while incorporating significant improvements.
One notable feature is concentrated liquidity, allowing liquidity providers to select specific price ranges for better capital efficiency.
This update enables providers to optimize their returns, although liquidity may temporarily become inactive if the price moves outside the chosen range.
To manage this, users can adopt a passive full-range strategy that ensures continuous liquidity across all price points.
Another major upgrade in ShibaSwap 2.0 is a streamlined staking mechanism.
The new system enhances user-friendliness, allowing liquidity providers to claim rewards without withdrawing funds.
The platform also supports multi-hop swaps, enabling users to conduct complex transactions across multiple trading pairs easily.
Transparency is a key focus in this version, with users now able to view annual percentage rates (APRs) for both the original V1 and the new V2 liquidity pools.
This feature helps liquidity providers better assess potential rewards.
Users can choose from three fee levels—0.05%, 0.30%, and 1.00%—tailored to their trading strategies, risk appetites, and market perspectives.
Looking ahead, plans for ShibaSwap V3 are already underway.
Lucie hinted at potential new features such as price alerts, limit orders, and a more intuitive user interface.
Future considerations also include smart swap contracts and dollar-cost averaging (DCA) strategies.
Despite these ambitious goals, the team remains focused on optimizing ShibaSwap 2.0 to solidify its position as a leading platform in the DeFi space.
ShibaSwap 2.0 aims to drive more activity on the Shibarium network, where it currently ranks as the top decentralized exchange according to DeFiLlama.
This update reinforces the platform’s leadership on Shibarium, contributing to the overall daily transaction volume.
The new features and enhancements are expected to further elevate Shiba Inu’s presence in the DeFi ecosystem.
Additionally, according to CNF, the network has experienced a staggering 23,000% increase in transactions, highlighting the growing activity on Shibarium.
As of now, SHIB is trading at approximately $0.00001819, reflecting a 5.58% increase over the past 24 hours.
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Also Read: Analyst Now Predicts A 5,000% Rally For SHIB
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