Bone ShibaSwap (BONE)

From CryptoWiki

Basics

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

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

History

Token

Launch

Token Allocation

Utility

Other Details

Stablecoin

Coin Distribution

Technology

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

Implementations

How it works

"$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."

Fee Mechanism

Upgrades

Mining

Staking

Validator Stats

Liquidity Mining

Scaling

Interoperability

Other Details

Privacy Method

Compliance

Oracle Method

Their Other Projects

Governance

Admin Key

"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."

Doggy DAO

Treasury

Roadmap

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."

Bugs/Exploits

Usage

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

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding, Partnerships, etc.

Team

  • Full team can be found [here].

Funding

Partners

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