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Lead Shiba Inu developer Shytoshi Kusama has updated his Twitter bio again. This time, he makes an important statement about ShibaSwap, the ecosystem’s decentralized exchange (DEX).
Kusama reiterates to users that ShibaSwap is Shibarium’s official DEX. His Twitter bio reads: “Top Shib community member. NFA DYOR But… whispers… Shibaswap is the official DEX of Shibarium. You probably already knew that because you’re a smart pup.”
The same was echoed by the Shiba Inu developer who goes by the name of ShibDev4Evr @kaaldhairya on Twitter. The SHIB developer says in a tweet that ShibaSwap is Shibarium’s only “official” DEX.
He warns users that projects that say otherwise are likely scams. He continues, “Please do DYOR.” The word DYOR means “do your own research”.
Introduced in July 2021, ShibaSwap shares many of the same features as Uniswap and other decentralized exchanges, such as token swapping and liquidity pools, with the addition of additional features such as staking and governance.
ShibaSwap is integrated into Shibarium
According to a blog post, Shibarium intends to integrate ShibaSwap into the platform for faster access to tools and services and to give users and validators/delegators quick access to all staking and liquidity pools. This would be part of the protocol’s mainnet launch.
It is also expected that the imminent introduction of the TREAT token would encourage these pools and provide users with lower network costs and better incentive schemes.
In the meantime, the Shibarium protocol has chosen BONE as its native token to reward validators and delegators and pay for gas transactions.
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