what's Shibaba?
Shibaba (屎粑粑) is a BEP-20 memecoin on the BNB Smart Chain, primarily traded against ShiMama (屎麻麻) in a PancakeSwap V2 liquidity pool. It serves as a core asset within the ShiMamaProtocol, a DeFi platform where users contribute Shibaba tokens to participate, receiving ShiMama and LP tokens in return, along with referral-based rewards subject to daily limits. The ShiMamaProtocol facilitates a node-based reward system purchasable with USDT, enabling holders to earn Shibaba and ShiMama yields based on personal and team participation volume. It incorporates sell tax processing on ShiMama, redistributing proceeds to node rewards, burn mechanisms, and liquidity pairs, with functions for claiming rewards, managing LP positions (including partial burns), and static triggers for tax distribution. The protocol uses PancakeSwap router for swaps and liquidity operations, emphasizing community-driven mechanics with reentrancy guards and ownership controls.
Shibaba exploited today, March 19, 2026, losing 52.98 WBNB via LP token burn.
Suffered an exploit on March 19, 2026 due to missing access control in the executePairBurn function, allowing an attacker to maliciously burn LP pool tokens and manipulate AMM pricing, resulting in approximately 52.98 WBNB stolen from the ShiMama/Shibaba LP pool.