Shiba Inu’s team has introduced ShibaSwap 2.0, a major upgrade aimed at making DeFi more accessible and rewarding for users. This new version reflects feedback from the Shiba Inu community and introduces enhancements that bring greater control and convenience to the platform.
Why is ShibaSwap 2.0 Different From ShibaSwap?
The original ShibaSwap, known as ShibaSwap V1, offered users basic tools for swapping tokens, adding liquidity, staking tokens, and tracking rewards.
However, to claim rewards, users had to withdraw their liquidity, which added extra steps and limited flexibility. ShibaSwap 2.0 addresses this and introduces new functionalities that significantly improve the user experience.
One of the most prominent upgrades is Concentrated Liquidity. With this feature, users can choose specific price ranges for their liquidity, allowing them to potentially increase their earnings when prices fall within their chosen range.
This selective option can lead to better returns. For those who prefer a simpler approach, a full-range option remains available, so they can continue to earn fees without needing to set any specific price ranges.
An Easier Rewards Access for DeFi Users
Another key feature is Easier Rewards Access. ShibaSwap 2.0 allows users to claim rewards without removing their liquidity, making the process more straightforward and efficient. Additionally, Multi-Hop Swaps enable users to perform complex trades across multiple token pairs, enhancing flexibility and expanding trading possibilities within the ecosystem.
To make returns more transparent, Visible APRs now display Annual Percentage Rates (APRs) for both V1 and V2 liquidity pools. This helps users understand potential returns and make informed decisions. Additionally, Customizable Fee Options provide more choices for different trading strategies, with three fee tiers: 0.05%, 0.30%, and 1.00%.
Looking ahead, the Shiba Inu team has announced plans to introduce even more features, including limit orders, price alerts, and a more user-friendly interface. They’re also considering options like dollar-cost averaging and smart swaps to make DeFi even more accessible and beneficial for users.
Shiba INU Price Actions
Following this announcement, Shiba Inu’s price rose slightly by 0.98%, currently trading at $0.00001707. However, the price is still down 9% over the past week. The global market cap stands at $10.06 billion, while the 24-hour trading volume is up by 28.98%.
ShibaSwap 2.0 provides users with enhanced earning options, greater control, and new tools to help them grow in the DeFi space, reaffirming Shiba Inu’s commitment to continuous innovation in decentralized finance.