With improvements that are DeFi-friendly, Shiba Inu introduces ShibaSwap 2.0
ShibaSwap 2.0 enhances user control and transaction efficiency on Shibarium by introducing multi-hop swaps and concentrated liquidity.
With configurable price tiers and APR tracking, Shiba Inu's ShibaSwap 2.0 improves transparency and increases user accessibility to DeFi.
ShibaSwap 2.0, an enhanced version of Shiba Inu's decentralized exchange (DEX), has been formally released. The latest version has many important features designed to improve user experience and boost activity on the Shibarium network.
ShibaSwap 2.0's Improved Liquidity and Easier Staking
ShibaSwap 2.0 incorporates significant revisions while maintaining key elements including token swaps, liquidity provision, and staking, all of which are based on user feedback. One of the key features is concentrated liquidity, which enables liquidity providers to select specific price ranges for optimal capital efficiency.
This adjustment helps providers optimize returns, and liquidity may temporarily cease to exist if the price deviates from the chosen range. To deal with this, users can employ a passive full-range technique that ensures continuous liquidity across all prices.
Another noteworthy improvement of the updated ShibaSwap is its easier staking mechanism. With ShibaSwap 2.0, liquidity providers can now claim their benefits without having to take money out of the system, making it easier to utilize and more effective.
The platform also supports multi-hop swaps, which enable users to do complex transactions across many trading pairs with ease.
Greater Openness and Plans for the Future
The ShibaSwap 2.0 version also places a strong emphasis on transparency. Users can now view annual percentage rates (APRs) for both the new V2 liquidity pool and the original V1 liquidity pool. This makes it possible for people who provide liquidity to assess potential benefits more accurately.
Users can choose from three fee levels—0.05%, 0.30%, and 1.00%—based on their trading strategy, level of risk tolerance, and market perspective.
While Shiba Inu looks forward, plans for Shiba Swap V3 are already underway. Lucie hinted to potential new features, such as limit orders, price alerts, and an easier-to-use user interface. Concepts like dollar-cost averaging (DCA) and smart swap contracts are also being considered for the next version.
Despite these objectives, the team is focused on making ShibaSwap 2.0 the best platform available in the DeFi market.
According to DeFiLlama, ShibaSwap 2.0 aims to increase activity on the Shibarium network, where it now holds the top spot among decentralized exchanges.
This update strengthens the platform's contribution to the daily transaction volume by confirming its leadership on Shibarium. With the additional capabilities and simple enhancements, Shiba Inu's visibility in the DeFi ecosystem might be further increased.
However, CNF claims that the network is already clearly impacted by the growing activity on Shibarium, as evidenced by the 23,000% spike in transactions. At the time of writing, SHIB is trading at around $0.00001706, up 1.06% from the previous day.
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