ShibaSwap is a decentralized exchange created for the Shiba Inu community.

The community gathers around three main coins: SHIB (the foundational currency of the Shiba Inu community), LEASH (the second token incentivised on ShibaSwap), and BONE (ShibaSwap’s governance token).

App use cases
Exchange / Swap — allows you to buy or sell any of the ERC-20 tokens supported by the ShibaSwap exchange. Some other exotic pairs are available, and the SHIB ecosystem tokens are very liquid, where both BONE and LEASH have the biggest trading volumes and order book depths, according to Coingecko.

Staking (also known as BURY): staking pools for the ecosystem’s tokens (SHIB, BONE, LEASH). It allows you to earn token rewards while staking the tokens. Each pool has different time-locking intervals as well as APYs. Rewards are in the 3 figures percentages and are paid in BONE. The rewards are distributed weekly and one third of the staked amount can be claimed at that time while the rest of the staked quantity is vested for six months.

Liquidity Pools (also known as DIG): providing liquidity to a coin pair allows to earn trading fee rewards (0.3% per each trade) proportionally to the amount provided as liquidity in that coin pair. After adding liquidity to a pool you receive Shiba Swap Liquidity Provider tokens (SSLP tokens). From that 0.3% liquidity providing fee per trade, 0.1% is destined to different pools as liquidity: some go to BONE-ETH or LEASH-ETH as liquidity while others are destined to SHIB/BONE/LEASH staking pools.

Yield Farms (also known as WOOF Pools): the liquidity providing tokens (SSLP) can be staked in yield farm pools to earn rewards in BONE tokens. The reward mechanics are slightly similar to staking pools, one third of the rewards can be redeemed instantly while the rest are time-locked for six months. According to ShibaSwap documentation, some yield farming pools can earn rewards directly in ETH, WBTC, DAI, USDT, and USDC.

Download the ShibaSwap and enjoy convenient and efficient DeFi transactions wherever you are!