Is ShibaSwap safe? DeFi Safety review gives it a score of just 3%
There are concerns over ShibaSwap's transparency and security. Despite the immediate success of dog-themed decentralized exchange ShibaSwap, there are warnings the DEX’s liquidity providers are throwing capital into an opaque protocol of questionable security.Building on the popularity of their Dogecoin fork, Shiba Inu (SHIB), amid the Elon-Musk stoked dog-token trading frenzy, the coin’s developers launched their DEX with enticing yield incentives for liquidity providers on July 7.Within 24 hours of launching, the protocol had amassed a Total Value Locked (TVL) of more than $1 billion.On....
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As DEXs continue to accrue billions of dollars in TVL within days of their launch, some question whether they are manipulating their numbers. With the rise of various meme-coins over the last year or so, a whole host of decentralized exchanges (DEXs) have continued to emerge and accrue massive sums of liquidity seemingly overnight. As a result, a number of security firms have started to call into question over the recent weeks regarding the overall security and transparency of these platforms.For example, DEX ShibaSwap, which has been able to capitalize on the budding popularity of the....
An important consideration for anyone using cryptocurrencies is the ease of buying and selling them, while safe in the knowledge that the chosen exchange is reputable and trustworthy. Further to the first part of our review of ten exchanges, CoinTelegraph turns its attention to safety and the transaction process to give a slick overview of each one’s pros and cons. Cryptsy lands bottom of the ten exchanges under review both in terms of transacting and safety. Its slow loading and unstable interface among other issues have resulted in many user reports of deposits taking a suspiciously long....
Shiba Inu new DeFi platform, ShibaSwap, has topped $1 billion in total value locked in just 24 hours after launch, and it is hiking Ethereum network fees. Shiba Inu Is A Product Of A Meme Coin Dogecoin (DOGE) has shown the world that even a joke project can grow in value and notoriety in the […]
The crypto asset shiba inu (SHIB) now has a decentralized exchange (dex) platform called Shibaswap and since the trading protocol’s launch, the dex has $1.55 billion total value locked (TVL). The SHIB-fueled dex has a lot more liquidity than most platforms today as Shibaswap has been catching up to popular dex platforms like Pancakeswap and Sushiswap. Shibaswap Dex Gathers Significant Liquidity in 48 Hours Shiba inu has a leg up over dogecoin and baby doge this week as the meme-based crypto asset has launched a dex platform called Shibaswap. The dex Shibaswap is similar to dex....
Shiba Inu has been making a triumphant return to the spotlight in the last few days. During the previous week, it climbed a decent 46%. For the last 24 hours, the price has fallen just 5.62%. Shiba Inu is currently trading at $0.00003079 with a 24-hour trading volume of $1,805,384,970. According to some analysts, Shiba Inu is one of the best buys in cryptocurrency history. Of course, the crypto still has to prove itself. Phenomenal Performance: But Is Shibu Safe? The token is by no means a reliable or safe investment; however, its 2,500% run in May 2021 shows it has the potential to....