The Shiba Inu community has been buzzing with anticipation as Vet KUSAMA, a prominent figure within the Shiba Inu community, recently disclosed limited information regarding upcoming updates to ShibaSwap. While the specifics of the updates remain shrouded in mystery, it is evident that the changes aim to address any inconveniences users may have encountered on the decentralized exchange.
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Hey #ShibArmy
We received feedback from some users. Some updates are currently being made on ShibaSwap. We apologize for the inconvenience caused. 🙏🏻#UpdateShibaSwap #UseShibaSwap pic.twitter.com/9F2Zphf3hH— Vet KUSAMA ™ (@vetkusama) October 19, 2023
Shiba Inu ecosystem’s notable development
A notable development within the Shiba Inu ecosystem is the involvement of SpecialSHIB, the Chief Marketing Officer of Bad Idea AI, a partner of Shiba Inu. SpecialSHIB has confirmed that the incoming updates will rectify issues on ShibaSwap, although the exact nature of these corrections remains undisclosed. These updates are expected to go live in the coming week, signifying a significant step in the ongoing efforts to enhance the ShibaSwap experience.
The Shiba Inu team has consistently strived to meet the increasing service demand, especially as the Shiba Inu project gains more global visibility. The recent update is seen as a complement to the long-term endeavours aimed at making ShibaSwap a platform appreciated by its users.
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This year, the Shiba Inu team introduced various proposed changes to ShibaSwap, the most notable being ShibaSwap 2.0. While there is no official release date for ShibaSwap 2.0, it has generated immense excitement within the community. ShibaSwap 2.0 is expected to expand its offerings beyond just a decentralized exchange. The protocol’s new focus will encompass acting as a crypto portal, providing access to industry statistics, news, charts, and trends. Although it remains uncertain whether the impending update is directly linked to ShibaSwap 2.0, it has sparked optimism that, when launched, ShibaSwap will gain even more appeal.
Shibarium versus ShibaSwap
Shibarium, Shiba Inu’s layer-2 scaling solution, has been the subject of frequent comparisons with ShibaSwap. One recent revelation centres around the potential rewards of staking Bone (BONE) on Shibarium. Users have observed that staking BONE to support validators on Shibarium typically yields more rewards than staking on ShibaSwap. In light of these disparities, there are plans to enable seamless bridging between the two protocols shortly, thereby maximizing value for all users.
In the grand scheme of things, ShibaSwap and Shibarium form a strategic alliance aimed at helping Shiba Inu achieve its overarching objectives. As these updates and improvements continue to roll out, the Shiba Inu community eagerly awaits the evolution of the ecosystem, with hopes of enhancing the user experience and providing a broader range of services to the growing user base.