ShibaSwap 2.0: What To Expect From SHIB's ShibaSwap v2 Update

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Shiba Inu (SHIB) logo on a MacBook Pro with the text ShibaSwap 2.0 Now Instaling, and a white progress bar.

The ShibaSwap platform has been a staple of SHIB since it first launched in July 2021, but as new projects have been announced, attention has slowly drifted away from the DEX. That is, until talk of ShibaSwap 2.0 or v2, started up.

ShibaSwap is Shiba Inu’s decentralised exchange. It lets holders swap their tokens, add liquidity to the pool, and stake their tokens. At the time of writing it has a Total Value Locked (TVL) of $337m.

Here’s a look at what we currently know about ShibaSwap 2.0, and when we can expect more.

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What Is ShibaSwap 2.0?

ShibaSwap 2.0 is the proposed upgrade to the ShibaSwap DEX that should bring with it a host of new features.

However, much like with most of the ongoing Shiba projects, the SHIB developers remain tight-lipped about the ShibaSwap update. The most detailed information comes from developer Eric M. He posted in the Shiba Discord that it will include a “full UI/UX redesign”.

Image of the ShibaSwap homepage, with the Dig, Swap, NFTs, Bury, Bonefolio and Woof tabs.
click to enlarge
The current ShibaSwap layout.
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He also said: “ShibaSwap 2.0 won’t be just a swap platform but a crypto portal.”

While the phrase ‘crypto portal’ is generic enough to keep us all guessing, one Discord member speculated this could involve bridges to other blockchains.

With its UI/UX overhaul, it could also further implement features such as the Sniff Score, alongside giving the website a fresh coat of paint.

Regardless of the content included, the ShibArmy has already embraced ShibaSwap 2.0, seeing it as a vital piece of the Shiba ecosystem’s future.

ShibaSwap 2.0 Reveal And Release Date

While we don’t know the release date for ShibaSwap 2.0 just yet, moderators in the Official Shiba Inu Discord have given their opinions on the launch date, predicting it could be as soon as Q1 2022. However, we’ll need to wait until the full, official reveal to know for certain.

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Luckily, it doesn’t seem this will be too far off. The upcoming Shiba Inu AMA on December 29 will touch on several future SHIB projects, including the Doggy DAO, Shibarium, and the Shiba Inu Game. It will also feature ShibaSwap 2.0.

We’ll keep this page updated with new information on ShibaSwap 2.0 when it comes.

Read More: Bigger Entertainment to Host Three SHIB Burning Events in 2022

[Image: Sigmund/Unsplash]