Shiba Inu Launches ShibaSwap 2.0 to Enhance DeFi Accessibility
The Shiba Inu team has launched ShibaSwap 2.0, an updated decentralized exchange (DEX) aimed at enhancing user experience and increasing network activity on Shibarium. Executive Lucie outlined new features that improve DeFi accessibility.
Key Upgrades in ShibaSwap V2
Lucie highlighted significant upgrades based on user feedback, retaining core features from V1 like token swaps, liquidity provision, staking, and rewards tracking, but with enhancements.
Concentrated Liquidity
ShibaSwap 2.0 introduces concentrated liquidity, allowing providers to specify price ranges for improved capital efficiency and returns. If prices exceed the selected range, liquidity becomes temporarily inactive, though a passive full-range option is available.
Streamlined Reward Claims
The update simplifies claiming staking rewards, enabling liquidity providers to claim rewards without withdrawing liquidity. It also adds multi-hop swaps for transactions across multiple pairs.
Enhanced Transparency
Liquidity providers can now view annual percentage rates (APRs) for both V1 and V2 pools. The platform offers three variable fee tiers—0.05%, 0.30%, and 1.00%—to cater to different risk preferences and market outlooks.
Future Developments
Plans for ShibaSwap V3 are underway, with potential features including limit orders, price alerts, and a more user-friendly interface. Concepts such as dollar-cost averaging (DCA) and smart swap contracts are being considered.
Impact on Shibarium Network
The improvements in ShibaSwap are expected to increase activity on the Shibarium network, positioning the DEX as a key player on the layer-2 network. Currently, DeFiLlama ranks ShibaSwap as the top DEX on Shibarium, significantly contributing to daily transactions. The new version may further solidify this position and enhance its impact on the DeFi space.