ShibaSwap Unveils Liquid Staking and Karma Points to Boost DeFi
- ShibaSwap introducs liquid staking, nbling usrs to stk tokns nd rtin liquidity whil rning rwrds.
- K9 Finnc, lunchd on Sptmbr 18, hs lockd 2.42 million BONE tokns, with knBONE vlud t $1.45M.
- Th Karma Points systm boosts govrnnc, llowing usrs to influnc vots in th upcoming Shib Doggy DAO.
ShibaSwap, th dcntrlizd xchng in th Shiba Inu cosystm, is stting th stg for groundbrking dvlopmnts with th introduction of liquid staking nd Karma Points systm. Ths updts im to lvt usr nggmnt nd xpnd th DEXs functionlity within th DFi spc.
Liquid Staking Revolutionizes ShibaSwap
Th liquid staking ftur is xpctd to b gm-chngr. Usrs cn stk thir tokns on ShibaSwap whil still rtining liquidity, nbling thm to rn rwrds without scrificing ccss to thir ssts. Whn tokns r stkd, usrs rciv liquid tokns tht cn b utilizd for trding or s colltrl on DFi pltforms. For xmpl, staking TREAT tokns will provid usrs with liquid vTREAT tokns.
This nw ftur dosnt just nhnc liquidityit lso mpowrs govrnnc. vTREAT tokns will llow holdrs to influnc rwrd lloction for liquidity mining. Howvr, TREAT tokns r not yt vilbl for public us. As of now, liquid staking is ccssibl through K9 Finnc, Shibarium-bsd liquid staking pltform nd th officil staking prtnr for Shiba Inu.
K9 Finnc, which lunchd on Shibarium on Sptmbr 18, hs lrdy md significnt strids. Th pltform hs rgistrd 248 stkrs nd lockd 2.42 million BONE tokns, with its liquid staking tokn, knBONE, holding mrkt cp of $1.45 million.
Karma Points Boost Governance
Anothr xciting ddition is th Karma Points systm. By prticipting in ctivitis lik trnsfrring Shiba Inu cosystm tokns (SHIB, BONE, LEASH, nd TREAT) or providing liquidity on ShibaSwap, usrs cn rn points tht boost thir voting powr in th upcoming Shib Doggy DAO.
Th Shib Doggy DAO, though not liv yt, is xpctd to b pivotl govrnnc tool, llowing tokn holdrs to vot on significnt inititivs. Plns to lunch th DAO r st for th nd of nxt yr. This ligns with th cosystms vision of dcntrlizd dcision-mking, nhncing community involvmnt.
Whil th timlin for lunching liquid staking on ShibaSwap rmins unclr, ths updts signl th cosystms commitmnt to innovtion nd usr mpowrmnt. As th Shiba Inu tm continus to rfin its offrings, ShibaSwap usrs r poisd to bnfit from nhncd fturs nd govrnnc tools tht shp th futur of DFi.
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Read more: https://www.tronweekly.com/shibaswap-unveils-liquid-staking-to-boost-defi/
Text source: TronWeekly
