The Shiba Inu Team has announced the new version 2.0 of the decentralized exchange (DEX) ShibaSwap. Shiba Inu Lucy Executive It provided insights into what to expect from this new version of the DEX, a development that could boost network activity on the Shibarium network.
Shiba Inu Exec reveals what to expect from ShibaSwap 2.0
Lucy mentioned the main technical facts about com.ShibaSwap As part of the things to expect from the new version of the DEX. First, it noted that the second version was developed based on user feedback and focused on improving the accessibility of decentralized finance (DeFi) for everyone.
ShibaSwap V2 will improve on previous V1 features such as token swaps, liquidity provision, staking, and reward tracker. Lucy then went on to highlight what these major upgrades will look like in the second edition of the DEX.
According to her, the new version will have concentrated liquidity. This will allow liquidity providers to define price ranges, increase capital efficiency and improve their returns. Lucy revealed that liquidity becomes temporarily active if prices move outside the specified range. Liquidity providers who prefer a passive approach can still continue to use the full range option as they provide liquidity across the full price range.
Shiba Inu Sheba Swap V2 It has also improved the redemption of staking rewards as liquidity providers can now claim their rewards without withdrawing liquidity. There will also be a multi-hop swap feature in the new version which will support multi-pair trading to enable complex transactions.
The new version provides greater transparency, as liquidity providers can now see the Annual Percentage Rates (APRs) for V1 and V2 pools. The Shiba Inu Exec revealed that there are three variable fee levels (0.05%, 0.30%, and 1.00%) to give users options based on their risk tolerance and market outlook.
ShibaSwap V3 Plans
Shiba Inu Exec Lucy He also revealed that there are already plans in place to develop ShibaSwap V3. Some of the chart features of the DEX include limit orders, price alerts, and a more user-friendly interface. Lucy added that additional concepts such as dollar cost averaging (DCA) and smart swap contracts are under consideration.
For now, the Shiba Inu Exec noted that the main focus remains on the V2 version of the Shiba Inu DEX. Lucy notes that ShibaSwap 2.0 reflects a shift towards providing strategic liquidity and targeted profits. This will help position the platform as a “competitive DeFi tool with advanced user control and enhanced functionality,” she added.
Improvements to ShibaSwap can help boost network activity Shiba Inu Shibarium. Devilama data It shows that the exchange is currently the top DEX platform on the Layer 2 network, meaning that it already contributes significantly to daily transactions on Shibarium.
At the time of writing, the Shiba Inu is trading at around $0.000016, down 4% over the past 24 hours, according to Data From Coin Market Cap.
Featured image created with Dall.E, chart from Tradingview.com
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