CandleFocus Shiba Inu DEX ShibaSwap Prepares to Welcome Liquid Staking
2024-12-16
Author: Content Editor
The Shiba Inu decentralized exchange ShibaSwap is planning a major upgrade that will introduce liquid staking. Liquid staking will allow users to stake their tokens on the DEX while still retaining liquidity and earning rewards. The liquid tokens received from staking can be used for trading and as collateral on DeFi platforms. The upcoming upgrade also includes a Karma Point system where users can earn points by participating in certain activities, which will enhance their voting power in the Shib Doggy DAO. The timeline for the launch of liquid staking on ShibaSwap has not been announced yet, but users can currently stake their tokens on K9 Finance, the official liquid staking partner of the Shiba Inu ecosystem. ShibaSwap has undergone significant upgrades since launching on Ethereum and transitioning to Shibarium, allowing for token swaps between the two networks. In October, ShibaSwap 2.0 was released with features like seamless migration and centralized liquidity pools.
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