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Exciting Update: Shiba Inu Team Launches ShibaSwap 2.0!

The Shiba Inu team has officially launched ShibaSwap 2.0, a major upgrade of their decentralized exchange (DEX). Lucie, an executive with Shiba Inu, shared details on what’s new in this version and how it aims to increase activity on the Shibarium network.

What’s New in ShibaSwap 2.0?

Lucie explained that ShibaSwap 2.0 has been designed to make decentralized finance (DeFi) easier to access. It builds on the original ShibaSwap features like token swaps, staking, and tracking rewards but now offers even more.

Some key upgrades include:

1. Concentrated Liquidity: Liquidity can be focused within specific price ranges to maximize returns. Providers who prefer a hands-off approach can still offer liquidity across the entire range.

2. Improved Staking Rewards: Users can now claim rewards without withdrawing liquidity, making it more convenient to earn.

3. Enhanced Transparency: Liquidity providers can view annual percentage rates (APRs) for both V1 and V2 pools, allowing for better decision-making.

4. Flexible Fees: ShibaSwap 2.0 offers three fee tiers—0.05%, 0.30%, and 1.00%—giving users options based on their risk tolerance and market predictions.

Looking Ahead: Plans for ShibaSwap V3

Lucie also mentioned that ShibaSwap V3 is already in development. Planned features include limit orders, price alerts, dollar-cost averaging (DCA), and smart swap contracts for an improved user experience.

For now, though, Shiba Inu’s focus remains on making V2 a powerful DeFi tool. This upgrade is expected to boost Shibarium network activity, further solidifying ShibaSwap’s position as the top DEX on this layer-2 network.

At the time of this update, Shiba Inu’s price was approximately $0.000016, a drop of about 4% in the last 24 hours, according to CoinMarketCap.#Write2Earn! #shiba⚡ #Write2Earn! #SHIBAUSDT #Write2Earn!