ShibaSwap 2.0 introduces concentrated liquidity and multi-hop swaps, improving user control and transaction efficiency on Shibarium.
Shiba Inu’s ShibaSwap 2.0 enhances transparency with APR tracking and flexible fee tiers, boosting DeFi accessibility for users.
Shiba Inu has officially released ShibaSwap 2.0, an improved version of their decentralized exchange (DEX). Key elements meant to enhance user experience and increase activity on the Shibarium network abound in the most recent version.
Lucie, Shiba Inu’s Marketing Lead,
described
the improvements meant to increase user accessibility of decentralized finance (DeFi).
NOOB REQUESTED VERSION
Welcome to ShibaSwap 2.0!
Here’s what’s new and improved:
1. Background:
•ShibaSwap V2 was built with community feedback in mind to make DeFi easier for everyone.
2. Original ShibaSwap (V1) Features:
•Basic tools let users swap tokens, add…
pic.twitter.com/oWzKfqQe4g
— ????? (@LucieSHIB)
October 26, 2024
Enhanced Liquidity and Simplified Staking in ShibaSwap 2.0
Building on user comments, ShibaSwap 2.0 keeps important components, including token swaps, liquidity provision, and staking, while including major changes. Concentrated liquidity is one of the main characteristics since it lets liquidity providers choose particular price ranges for maximum capital efficiency.
This change helps providers maximize returns, and should the price stray beyond the selected range, liquidity may momentarily go inactive. Users can thus use a passive full-range strategy that guarantees ongoing liquidity over all prices to handle this.
The revised
ShibaSwap
also boasts a simpler staking mechanism as another significant enhancement. ShibaSwap 2.0 makes the system more user-friendly and efficient since liquidity suppliers may now claim their benefits without having to withdraw money.
Furthermore supported by the platform are multi-hop swaps, which let users easily do complicated transactions across several trading pairs.
Increased Transparency and Future Plans
A further emphasis of the ShibaSwap 2.0 version is openness. Viewing annual percentage rates (APRs) for the original V1 and new V2 liquidity pools is now possible by users. This enables those who supply liquidity to more precisely evaluate possible rewards.
Three fee levels—0.05%, 0.30%, and 1.00%—offer users choice depending on their trading approach, risk tolerance, and market view.
Plans for Shiba Swap V3 are already under way while
Shiba Inu
peers forward. Lucie made hints about possible fresh features, including price notifications, limit orders, and a simpler UI. Additionally under consideration for the future iteration are ideas such as smart swap contracts and dollar-cost averaging (DCA).
Notwithstanding these goals, the team keeps concentrated on maximizing ShibaSwap 2.0 as the top platform in the DeFi market.
ShibaSwap 2.0 is intended to generate more activity on the Shibarium network, where ShibaSwap presently ranks as the top decentralized exchange, based on DeFiLlama.
This update helps the platform to confirm its leadership on Shibarium, therefore strengthening its contribution to the daily transaction volume. Shiba Inu’s visibility in the DeFi ecosystem may be even more enhanced by the new features and easy improvements.
On the other hand, according
to CNF
, with the network seeing a 23,000% increase in transactions, the increasing activity on Shibarium already clearly affects it. Meanwhile, as of writing, SHIB is swapped hands at about
$0.00001706,
up
1.06%
over the last 24 hours.
Shiba Inu Unveils DeFiFriendly Enhancements in ShibaSwap 20
