ShibaSwap 2.0, the upgraded version of Shiba Inu’s decentralized exchange (DEX), has finally been released after much anticipation. The official X account of ShibaSwap announced the development, highlighting the significant improvements made to the DEX. This launch comes shortly after ShibaSwap’s X handler revealed that the release of ShibaSwap 2.0 would be earlier than expected, and it has now gone live on the mainnet.
In the latest announcement, it was stated that the upgrade provides users with more control, smarter tools, and better rewards, all aimed at enhancing their overall trading experience on ShibaSwap.
ShibaSwap 2.0 introduces five unique features to enhance users’ experience. The first feature is Concentrated Liquidity Pools, which allows users to provide liquidity within specific price ranges, resulting in increased efficiency, flexibility, and potentially higher returns.
The second feature, Seamless Migration, enables existing liquidity providers to effortlessly migrate from old pools to new ones in a single step.
ShibaSwap 2.0 also offers a Better Reward Structure, allowing users to claim incentives based on their liquidity contributions without the need to withdraw funds.
Another notable feature integrated into ShibaSwap is Smart Swap, which enables users to access the best available swap prices by switching between V1 and V2 pools.
Lastly, ShibaSwap 2.0 includes the Pair-Level Analytics feature, providing users with detailed insights into important metrics of the DEX, such as total value locked (TVL), fees earned, and daily volume. By having access to this information, users can make informed decisions supported by on-chain data.
Since the launch of ShibaSwap 1.0 on Ethereum in July 2021, the Shiba Inu ecosystem team has been working on the rollout of V2.0. During this process, they introduced new features and migrated the DEX to Shibarium, transforming ShibaSwap into a multi-chain decentralized exchange.
The highly anticipated ShibaSwap V2.0 has now been launched, incorporating new features such as seamless migration, concentrated liquidity pools, a better reward structure, pair-level analytics, and smart swap.
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