ShibaSwap is set to launch its liquid staking feature, which will be a new evolution in the world of decentralized finance! 🚀 The announcement comes from Shibarium Updates, which revealed that liquid staking will allow users to lock their tokens on ShibaSwap while still maintaining liquidity. 💧
With this feature, when users stake, they will receive liquid tokens that represent the staked assets, and can be used for trading or as collateral on other DeFi platforms. 🔄 For example, if a user stakes TREAT tokens, they will receive a liquid token called veTREAT which also gives them voting rights in the distribution of rewards for liquidity mining. 🗳️
One thing to note, the TREAT token is not yet available to the public. 🛑 Additionally, there is a Karma Point system that allows users to earn points by participating in activities in the Shiba Inu ecosystem, increasing their voting power in the upcoming Shib Doggy DAO. 🐶
While a launch date for liquid staking has not been announced, users can start staking on K9 Finance, a Shibarium-based platform that has been live since September and has seen over 2.42 million BONE tokens staked. 📈
ShibaSwap has been innovating since launching on Ethereum in 2021 and switching to Shibarium this year, improving the user experience and increasing SHIB token burns. 🔥 So stay tuned for more from ShibaSwap! 😊
