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How To Stake Shiba Inu Coin and LEASH On ShibaSwap (Introduction to ShibaSwap)

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What Is ShibaSwap?

ShibaSwap is Shiba Inu’s decentralized exchange (just like UniSwap and SushiSwap).

However, ShibaSwap is more than just a decentralized crypto exchange. Because, you can also invest your Shiba tokens on the platform (by "burying them", and "digging them" at a later time).

It’ll serve like a High-Interest savings account where you put money in, and get some returns after a while (in this case, 6 months).


How To Stake Shiba Inu Coin On ShibaSwap:

[NOTE]: You'll also need some Ethereum to pay the small Staking fee that might be charged on ShibaSwap (about $36-worth of ETH). Again,... If you don't have any Ethereum, then Buy Ethereum on Binance, or Coinbase.

  • Step 2: Transfer The Shiba Inu Coin and Ethereum to any of the Exchanges Supported by ShibaSwap (either MetaMask.io or Coinbase).
  •  Step 3: Go To ShibaSwap.com,..... And on the homepage, Click the large "Use ShibaSwap" button located at the Right-hand side of the ShibaSwap Homepage.


How To Bury Or Stake Shiba Inu On ShibaSwap:




How To DIG Or Cash Out Shiba Inu On ShibaSwap:




How Staking On ShibaSwap Works:

66% of your invested coins will be locked for 6 months, and 33% will be available.

SHIB Incentives: DOUBLE Returns

BURY (Stake): Your Shiba Inu Tokens for BONE returns.

3% of all BONE per block (BPB) is distributed to the pool of xSHIB (which is the staked version of SHIB). xSHIB is powerful because its pool includes the 3% BONE per Block (BPB) BONE Reward Allocation, but it ALSO pools 0.3% of ALL ETH Swap transaction fees which occurs on ShibaSwap.

This is called a Double return puppy pool.

DIG for BONES (Farm) by bringing your SHIB-ETH UNI-V2 tokens or PROVEN SHIBA LP for SHIB-ETH SSLP (ShibaSwap LP Tokens) to share in the Shiba SSLP Puppy Pool.

When you “Bury” your Shiba Inu tokens, you put them in that xSHIB Pool, you’ll get those returns, and for eligible ShibaSwap transactions, you’ll get 3% BONE (Bone is a governing token), and you’ll also get 0.3% of Ethereum transaction fees.

 


How to stake or bury shiba inu tokens on Shibaswap

Source: Official Shiba Inu Token woof-paper


From that Pool, you’ll get your share of xSHIB.

For Leash Tokens | How To Stake LEASH On ShibaSwap:

$LEASH is the second token in the Shiba Inu Ecosystem. It was originally envisioned to be a rebase token tied to the price of DogeCoin. Later, it was decided that Leash would turn-off the rebase function (the keys to allow rebase were burnt to ensure this) and continue as a simple ERC-20 Token.

Though simple, the fact that LEASH's tokenomics are the polar opposite of SHIB make it even more intriguing.

SHIB was made to have an enormous supply (1 quadrillion tokens) with half-locked away, whereas the supply of Leash is only 107,647 minted tokens.

Just like Shiba Inu coins, you’re also going to get some returns when you bury your LEASH tokens in the ShibaSwap Pool.

66% of your Leash token investment will be locked-in for a period of 6 months, and 33% of your Leash tokens will be available for you to use anytime.



When STAKED, it generate xLEASH.

xLEASH holders are part of the xLEASH POOL and will gain 0.5% of all BONE Per Block (BPB).

Moreover, to encourage LEASH Liquidity, the LEASH SSLP TOKEN Puppy Pool gathers 0.3% of all WBTC swap transactions and 0.3% of all USDC Swap transactions.

In this case, LEASH SSLP TOKEN Puppy Pool triples Staking returns.


How to stake LEASH on ShibaSwap exchange

How to stake LEASH on ShibaSwap



So, long story short,….

When you either stake or bury Shiba inu coin, or Leash, you actually get returns on it – by doing absolutely nothing!

And by you staking those coins, what you’re saying essentially, is that you believe in Shiba inu coin as a Long-term crypto, and that you should get nice returns or rewards from it.

 


What is BONE Token?

BONE is a little bit different from LEASH and Shiba Inu Coin. It is extra special.

Only available on ShibaSwap, BONE has 250,000,000 tokens, and is designed to fit perfectly between the previous two tokens in regards to circulation supply.

Moreover, the token is a Governance token which allow the #ShibArmy to Vote on proposals for 2022, as well as which token pairs will be added on ShibaSwap.

The more BONE you hold, the more weight your vote carries in these future endeavours.

 

How to bury or stake BONE Tokens on ShibaSwap

What staking BONE Tokens on ShibaSwap will get you


$BONE Incentives: Get $BONE when you BURY BONE Tokens. $Bone entitles the holder part of al Pool that gains 1% of all BONE Per Block (BPB).

 


Why ShibaSwap Is So Important:

ShibaSwap is so important because, you can get great returns (from both fixed returns, and percentage of the transaction fees in the network).

But most-importantly, ShibaSwap will help increase the value of Shiba Inu Coin!

This is how it’ll achieve that,…

Since you’re only allowed to access 33% of the coins and can’t touch the remaining 66% for 6 months,… It’ll cause the price of Shiba Inu Coins to increase!

Because, when a lot of us start putting our Shiba Inu tokens into that pool, it means that the Supply of Shiba Inu Coin will be artificially lower, and therefore, the demand for Shiba Inu Coins will increase significantly!



Vitalik Buterin burned his 40%, and with ShibaSwap, we’re gonna see more demand for Shiba Inu Coins, coz they’ll not be readily available to be bought anymore.

And those BONE tokens are really special, because they’re Governance tokens. The more BONES you have, the more influence you have over making governing decisions about the Shiba Inu Coins, and Leash.



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Post Title: How To Stake Shiba Inu Coin and LEASH On ShibaSwap | What Is Shiba Swap

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