The Shiba Inu community has received an update regarding ongoing developments on ShibaSwap, the decentralized exchange (DEX) within the Shiba Inu ecosystem.
Vet KUSAMA, a prominent figure in the Shiba Inu community, has shared this information with the community, albeit with limited details on the nature of the updates. The announcement primarily focused on addressing any potential inconveniences that users might encounter on ShibaSwap.
Objective of the ShibaSwap Update
SpecialSHIB, the Chief Marketing Officer (CMO) of Shiba Inu’s partner Bad Idea AI, disclosed that the upcoming updates aim to resolve any issues within the exchange. SpecialSHIB mentioned that they would implement these changes next week, even though they did not provide specific details about the nature of the updates.
The Shiba Inu team remains committed to meeting the increasing demands as Shiba Inu gains more global recognition. This particular update is part of their ongoing efforts to enhance the user experience on ShibaSwap.
Even though the official release date for this upgrade remains unconfirmed, the community has actively expressed significant excitement.
ShibaSwap 2.0 aims to extend beyond its basic exchange functionalities and serve as a crypto portal for accessing industry statistics, news, charts, and trends.
It’s uncertain if the ongoing update connects to ShibaSwap 2.0, but the update has increased hopes of enhancing ShibaSwap’s appeal once changes take effect.
ShibaSwap vs. Shibarium
Shibarium, Shiba Inu’s layer-2 scaling solution, is often compared to ShibaSwap. The latest point of comparison revolves around potential rewards from staking Bone ShibaSwap (BONE).
Observers have noticed that staking BONE to support validators on Shibarium usually generates higher rewards than staking on ShibaSwap. To address these differences, there are plans to facilitate seamless bridging between these two protocols in the near future, aiming to maximize value for all users.
In the long term, ShibaSwap and Shibarium form a strategic combination to help Shiba Inu achieve its overarching goals.