Shiba Inu Launches ShibaSwap 2.0 with Major Upgrades

The Shiba Inu team has announced the launch of ShibaSwap 2.0, an updated version of their decentralized exchange (DEX). This release aims to enhance user experience and boost network activity on Shibarium. Shiba Inu executive Lucie outlined the new features and improvements in this version, promising significant advancements in DeFi accessibility.

Lucie highlighted several key upgrades that users can expect in ShibaSwap V2. Developed based on user feedback, the new version focuses on making decentralized finance (DeFi) more accessible. It retains core features from V1, such as token swaps, liquidity provision, staking, and rewards tracking, but with notable improvements.

One major update in ShibaSwap 2.0 is concentrated liquidity, allowing liquidity providers to specify price ranges, thus enhancing capital efficiency and optimizing returns. Lucie explained that if prices move beyond the chosen range, liquidity becomes temporarily inactive, but providers can choose a passive full-range option to maintain activity across all prices.

Additionally, ShibaSwap V2 simplifies the process of claiming staking rewards. Now, liquidity providers can claim rewards without having to withdraw liquidity, making it more efficient. The new version also introduces multi-hop swaps, enabling complex transactions by supporting trades across multiple pairs.

Transparency has been improved, as liquidity providers can now view annual percentage rates (APRs) for both V1 and V2 pools. The new version includes three variable fee tiers—0.05%, 0.30%, and 1.00%, offering users more flexibility based on their risk preferences and market outlook.

Looking ahead, plans for ShibaSwap V3 are already underway. Lucie hinted at future features, including limit orders, price alerts, and a more user-friendly interface. Additionally, concepts like dollar-cost averaging (DCA) and smart swap contracts are being considered for V3. However, for now, the team’s focus remains on making ShibaSwap 2.0 a leading DeFi platform with improved user control and functionality.

The improvements in ShibaSwap are expected to increase activity on the Shibarium network, positioning the DEX as a key player on the layer-2 network. According to DeFiLlama, ShibaSwap currently ranks as the top DEX on Shibarium, contributing significantly to daily transactions on the platform. The new version could solidify this position, helping ShibaSwap continue its growth and impact on the DeFi space.