The mainnet is online, 10 projects worthy of attention in Shibarium ecosystem
Original |
Author | Qin Xiaofeng
On August 17, Shiba Inu developers announced at the Blockchain Futurist Conference that its Ethereum-based L2 scaling solution Shibarium has been launched on the mainnet, focusing on the deployment and development of metaverse and game applications.
It is understood that the Shibarium network uses BONE as the basic token to pay gas fees and rewards. Users must lock 10,000 BONE in the Shibarium network to become a validator. According to official data, Shibariums test network PUPPYNET was launched in March this year and has attracted millions of active users and created more than 21 million addresses in the past five months.
From the official announcement of the development of a new chain in December 2021, to the continuous delays in the mainnet in the past two years, Shibarium was finally successfully launched. However, after going online yesterday, the Shibarium network failed twice and the outbound traffic was stopped for up to 8 hours. Shibariumscan data shows that the current mainnet outbound speed has returned to normal. In the two days since it went online, the total number of addresses exceeded 1,000, reaching 1,083, the total number of blocks produced was 204,742, and the total number of transactions was only 252.
The advent of Shibarium seems to announce to the crypto market that MeMe coins can also do things and develop an ecosystem. According to a tweet from Shibarium technology community moderator KURO, hundreds of encryption companies or development teams have joined the Shibarium world or used the network to build DApps. As follows:
Referring to Arbitrum and BASE, every early stage of a new ecology contains some wealth opportunities. Odaily has collected and compiled information on 10 ecological projects on the Shibarium network that are worthy of attention.
It should be noted that after Shibarium was launched, some projects claimed to be deployed on Shibarium. In fact, they only registered on Twitter to post tweets, and did not even have an official website. The risk factor is high, so it is recommended to treat it with caution; in addition, some project smart contracts It has not been audited yet and does not have many users and transaction volume. Beware of rugs.
Project name: ShibaSwap
Introduction: Shiba Inu chief developer Shytoshi once said that ShibaSwap is the only official decentralized exchange (DEX) in the Shibarium ecosystem. ShibaSwap is driven by three tokens, namely Shiba Inu (SHIB), Bone ShibaSwap (BONE) and Doge Killer (LEASH).
ShibaSwap mainly provides six major functions: (1) trading, exchanging tokens for other tokens; (2) DIG (mining), providing liquidity (SSLP) for tokens to earn BONE rewards; (3) BURY (burying) ), you can pledge SHIB, BONE and LEASH to get income; (4) WOOF, pledge SSLP to get token rewards; (5) DOGGY DAO, use tBONE for voting governance; (6) NFT, buy and sell NFT.
Shibaswap products are the soul and connector of the Shiba ecosystem, and the Shibarium network also uses BONE as its native token. Currently, ShibaSwap TVL is $20.65 million, and its smart contract has been audited by Certik.
Project name: Ball Exchange
Introduction: Ball Exchange is a decentralized exchange using the AMM model (Automated Market Maker) and is designed to support the Shibarium ecosystem. The goal is to create a trustworthy platform that enables users to exchange native Shibarium tokens in a truly decentralized manner, without intermediaries or single points of failure. According to official website data, Ball Exchange TVL is US$127,000, and the total transaction volume is US$5.4 million.
Ball Exchange provides the following functions: (1) Swapping/Trading, peer-to-peer trading tokens; (2) Liquidity Pools, providing liquidity transaction fees; (3) Yield Farming, pledging and locking LP tokens to obtain platform tokens BALL rewards - According to the white paper, 70.3% of the tokens will be used for Yield Farming; (4) IFO, limited-time discount to purchase new coins.
Project name: Shibarium cross-chain bridge
URL:https://shibarium.shib.io/bridge
Introduction: The official cross-chain bridge from Shibarium Network currently only supports Ethereum to Shibarium, and there is a limit. Only 100 BONE (120 US dollars) can be transferred at a time. A single gas cost is 20 to 30 US dollars, and you need to wait 20 to 30 minutes. , it is recommended to wait for the Ethereum network Gas to decrease before crossing the chain.
According to previous information disclosed by the community, lead developer Shytoshi Kusama stated that assets bridged to the Shibarium network cannot be restored and cannot be returned across the chain for the time being. However, the Shibarium team stated that it is working on an update plan and the funds trapped in the cross-chain bridge are safe. Currently, the official cross-chain bridge TVL is US$1.7 million.
Project name: Barkbridge
Introduction: Barkbridge is another cross-chain bridge on the Shibarium network. It is unofficial and has previously participated in the PUPPYNET test network. Users who pledge the platform token BARK can get discounts on cross-chain transactions; they can earn income by providing liquidity for cross-chain bridges; a 5% handling fee will be charged when buying and selling the token BARK. However, Barkbridge has not yet opened the Shibarium mainnet cross-chain bridge.
Project name: Shibarium Name Service
Introduction: Shibarium Name Service is a Shibarium network domain name service provider. Users can register .inu domain names on this platform, through which they can receive cryptocurrencies, NFTs, and other content in the Shibarium Metaverse. It should be noted that the platform token SNS must be used to register a domain name, and the price is 5.49 million (approximately US$25). A chat application will also be developed in the future for domain name holders to communicate directly. According to official news, Shibarium Name Service has acquired the cross-chain bridge Barkbridge for an undisclosed amount.
Project name: DogPadFinance
URL:https://www.dogpad.finance/
Introduction: DogPad is a utility ecosystem for launching and creating new tokens on the Shibarium chain. Specifically, its ecosystem includes the following parts: (1) Launchpad, which can help projects raise funds; (2) Pledge, users can pledge DOGPAD tokens to obtain income; (3) Cross-chain bridge, which has not yet been opened; ( 4) LP farm, users can add LP to Uniswap and obtain LP tokens, pledge to obtain DOGPAD rewards; (5) Locker, users will pay BONE tokens to lock liquidity tokens; (6) NFT, hold Platform creation NFT can obtain corresponding rewards; (7) Telegram Bot Deployer Telegram, through telegram robots, contracts can be deployed without coding knowledge.
DogPad token liquidity was completely burned and ownership was relinquished; the initial buyback at launch had a 13.5% vesting lock, and these tokens will be used to reward the community during the migration to Shibarium phase. There is also a 3% tax on $DOGPAD transactions, 1% goes to growing our liquidity pool and 2% goes to marketing and development.
Project name: ShibariumPad
URL:https://shibariumpad.finance/
Introduction: ShibariumPad is a launchpad based on Ethereum and Shibarium that mainly raises funds for projects.
If a project wants to submit a fundraising application, it must hold a certain amount of platform tokens $SHIBP according to the level system. Officials said that the project will be strictly reviewed. As of now, apart from fundraising for its own token SHIBP (February 2023), the platform has no other project cooperation cases.
In terms of tokens, 70% of the total amount of SHIBP is destroyed when issued, 20% is used for liquidity, and 10% is used for staking rewards. According to officials, ShibariumPad is developing the V2 version and plans to develop its efforts in the Shibarium ecosystem. Token staking and other functions will also be launched one after another.
Project name: Serp Finance
Introduction: Serp Finance is a perpetual contract platform based on Shibarium. It has participated in the test network PUPPYNET and supports up to 50 times leverage. All traders trade based on the SERP liquidity pool (VENOM).
VENOM is a collection of baskets of blue-chip assets and stablecoins that act as an AMM for leveraged trading. Liquidity providers can deposit any whitelisted asset into a VENOM pool in exchange for VENOM tokens, which represent an LPs share in a diversified liquidity pool. This multi-asset VENOM pool supports trading, generating fees for liquidity providers through market making, swap fees, and leveraged trading.
Project name: CallOfShib
Introduction: CallOfShib is a P2E chain game based on Shibarium. Players can earn token rewards in the game. Call Of Shib features a ranking system that allows players to climb the leaderboard as they win more battles. The higher the level, the better the rewards, and players are rewarded with cryptocurrency for reaching certain levels. The ranking system also adds a competitive edge to the game, encouraging players to strive for higher ranks.
The game offers different modes, including: Deathmatch, where players compete against each other, and the player with the most kills at the end of the round wins; Knockout, where both teams must kill all members of the opposing team (players cannot be reborn until the end of the round) ) to win, the team that reaches the maximum number of rounds will be the winner of the game, and dead players can watch teammates who are still alive.
Project name: Shibot
Introduction: Shibot is a trading robot launched on Shibarium, which seamlessly integrates traditional trading practices with the dynamic functions of Telegram robots, aiming to improve the trading experience. Through Shibot, users can easily and quickly complete transactions as long as they enter the contract address. In addition, Shibot offers a powerful set of after-sales tools designed to support traders in implementing strategic measures, ensuring profits, and dealing with complex liquidity issues.
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