It’s time for the Shiba Inu community to gear up. A host of novel launches are awaited over the coming weeks/months.
The lead developer of the project, Shytoshi Kusama, penned down an article outlining updates with respect to various facets—right from Shibarium, Shi, and ShibFE to Shiba Inu’s partnerships and its introduction to CK1.
Notably, most of the main financial components, at this stage, are “near completion.” In fact, multiple of these techs are expected to be rolled out before the end of summer or by early fall at the most.
What are the components in question?
Well, component one is essentially Shiba Inu’s native DEX, ShibaSwap. Even though it was launched in back in July 2021, Kusama highlighted that it “will continue to evolve.”
Shibarium, the L2 Blockchain for Ethereum—utilizing $BONE—is the next component. This project would offer a scaling and low-cost solution for a myriad of projects. The team is planning a Shibarium Hackathon to help educate the community on Shibarium and would reward teams with funds to build on it. As far as the timeframe is concerned, Kusama clarified,
“Timeframe: Weeks to Months.”
Stablecoin solution SHI is the third component that is nearing completion and Kusama is “happy” about it. The timeline ain’t decided yet, but the developer hinted,
“Timeline: TBD Finishing development and going into testing soon.”
The Shibarium Financial Ecosystem (SHIBFE) is the next constituent that would make the ecosystem complete. This is, as such, paired with Shi development. Shiba Inu founder Ryoshi’s blog from last year highlighted that SHI would be added as a “weighted pool pair” on Curve and Ethereum. He added,
“… we expect a multitude of Forks of the financial basis onto the Shibarium, this includes AAVE, CURVE, COMPOUND, and of course ShibaSwap to name a few.”
Opining on the same, Kusama said,
“In my humble opinion, the eventual outcome of the SHIBFE is exactly this: hundreds of “Shytoshis” at the helm of the future world, utilizing SHIBFE to “upgrade” multiple industries in ways I’m sure we haven’t even thought of yet.“
All the aforesaid financial products would aid Shiba Inu lead the decentralization front, while remaining leaderless and community-driven.
Shiba Inu is doing things the decentralized way
The blog also revealed details about Shibshire Blastaway—the Shiba Inu team’s version of a multi-industry, decentralized conglomerate. Per Kusama,
“Shibshire Blastaway is the decentralized outcome of ShibFE and a completed Shibarium.”
The Shiba Inu team also intends to increase adoption by building out concepts through “partnershibs.” Of late a host of such deals with Now Payments, Welly, John Richmond, etc. have been made. In fact, the same goal is also being achieved by building platforms like ShibaSwap, MV, Shib Game, etc. from the ground up that utilize ShibFE’s technologies.
Outlining the silver lining, Kusama said,
“…this will allow us to resist market fluctuation as we are branching into products, services, and platforms that feed SHIB as a token through burns and wallet allocation.”
Well, the details revealed and the things in store for Shiba Inu do look quite compelling. Going forward if the launches happen as planned, then SHIB token would significantly benefit from the same. At press time, it had already risen by 9% over the past 24-hours and was trading at $0.00001625.