Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Casual on July 08, 2021, 08:50:46 AM

Title: Is ShibaSwap safe? DeFi Safety review gives it a score of just 3%
Post by: Casual on July 08, 2021, 08:50:46 AM

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.source (https://cointelegraph.com/news/is-shibaswap-safe-defi-safety-review-gives-it-a-score-of-just-3)

Title: Re: Is ShibaSwap safe? DeFi Safety review gives it a score of just 3%
Post by: Giangphuong8489 on July 09, 2021, 07:52:38 AM

I was really surprised with the successful launch of ShibaSwap, Binance was right to list SHIB a few months ago. Maybe ShibaSwap will soon become the most popular DEX for the meme-coin community in the future. Congratulations Shiba and SHIB holders, SHIB price will to the moon soon.