The #shiba⚡ Inu decentralized exchange (DEX) ShibaSwap is gearing up for a major upgrade with the anticipated introduction of liquid staking.
Shibarium Updates (@Shibizens), an X channel focused on Shibarium ecosystem disclosures, alerted the public to the upcoming upgrade over the weekend.
“Liquid staking is coming to ShibaSwap,” the channel remarked, describing the upgrade as the next level of DeFi.
According to the latest disclosure, the development was unveiled on Shiba Inu’s rebranded website.
Liquid Staking on ShibaSwap
Notably, the liquid staking feature will enable ShibaSwap users to stake their tokens on the DEX while retaining liquidity. Through the feature, users can earn rewards on their staked assets and still gain access to their locked assets.
Upon staking their tokens through the liquid staking feature, users will receive liquid tokens representing their staked assets. Interestingly, users can utilize the liquid tokens for trading and as collateral on DeFi platforms.
In the ShibaSwap case, @Shibizens disclosed that users will receive liquid Treat tokens (veTREAT) when they stake their TREAT tokens using the liquid staking feature.
Aside from representing users’ stakes, veTREAT also grants holders governance power to control the allocation of rewards for liquidity mining. It bears mentioning that TREAT is not yet available for public use.
