what's ShibaSwap?
ShibaSwap is a decentralized exchange (DEX) operating within the Shiba Inu cryptocurrency ecosystem on the Ethereum blockchain. It enables users to swap tokens, provide liquidity through "burying", stake assets for rewards via "digging", and participate in governance using the ecosystem's native tokens: SHIB for utility, BONE for governance and gas on Shibarium, and LEASH for NFT-related functions. Integrated with Shibarium layer-2 for reduced fees and faster transactions, ShibaSwap promotes community-driven DeFi with features like yield farming and token burns to enhance scarcity. It serves as a core pillar of the ShibArmy, fostering decentralized finance accessible to holders of the ecosystem tokens.
Shiba shwap reached $1 billion in trading volume on its first day.
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x.com/shibaswapdexReached $1 billion in volume on the first day of trading.
The hack damage assessment increases to $2.8M from previously reported $1.7M, with ransom negotiations now playing out publicly on-chain as the hacker demands 50 ETH to return 250B KNINE tokens.
A hack targeting ShibaSwap results in $1.7 million stolen funds.