Bone ShibaSwap (BONE)
(Redirected from Shibaswap)
Basics
- 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
Launch
Token Allocation
Utility
- Bone is given to Shibaswap liquidity providers.
Other Details
Stablecoin
Coin Distribution
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."
Fee Mechanism
Upgrades
Mining
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Privacy Method
Compliance
Oracle Method
Their Other Projects
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."
Doggy DAO
Treasury
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."
Bugs/Exploits
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."
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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