Bone ShibaSwap (BONE)

Basics

• Based in:
• Started in / Announced on:
• Testnet release:
• Mainnet release:

• From the website (11-5-2021):

"BONE Dogecoin Killer is our next token! COMING SOON, Shiba Inu Bone, takes the power of Defi to the next level."

History

• Built by the people behind Shiba Inu.
• ShibaSwap is, in essence, another clone of Uniswap and SushiSwap.

Token

Utility

• Bone is given to Shibaswap liquidity providers.

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on: Ethereum

How it works

• From The Defiant (8-7-2021):

"$SHIB holders can provide liquidity or “dig” for $BONE reward tokens. They can stake or “bury” tokens to farm yield (return rates have not yet been announced). Users can also play “fetch,” by migrating their UNI V2-LP or SLP tokens to ShibaSwap in order to earn extra $BONE."

Governance

Admin Key

• From DeFi Safety (10-7-2021):

"The highly centralized status of the access controls is detailed in the Certik audit. The multisig has very high control. No Pause Control or similar function is listed in the ShibaSwap documentation."

Roadmap

• Called a Ruffmap (8-7-2021).

Audits

• No ShibaSwap Bug Bounty program was found (10-7-2021).
• At first scored the lowest DeFi Safety score ever, a 3%: "If you are looking for a prime example of what absolute negligence looks like in a protocol, look no further than this. Zero Transparency. You are putting your money in a black hole". It was soon upgraded to a 35% after some more transparency was released. It still however did not release most of its tech (10-7-2021): "They do not have any audits as of yet. In addition, as per our guidance below, the score is 0% when the smart contract addresses cannot be found. Note: Certik audit is underway, so this section is prone to change." With the comment: "Shiba has increased to 35% with a solid audit and good (though centralized) access controls.  Transparency still lacks; no public smart contract addresses, no code, tests or software docs."

Usage

• From Bitcoin.com (9-7-2021):

"During the first 24 hours, Shibaswap gathered more than $1 billion TVL and on Thursday, the TVL jumped to $1.55 billion."

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].

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