.KomodoPlatform has launched 'ShibaDEX' a decentalized exchange that that allows users to trade Shiba Inu’s SHIB tokens for cryptos issued on different blockchains. shauryamalwa reports.
Blockchain protocol Komodo has launched a Shiba Inu-centric decentralized exchange that allows users to trade Shiba Inu’s SHIB tokens for cryptos issued on different blockchains.
“ShibaDEX is a bridge that links together all the Shiba Inu community tokens and top meme coins,” Komodo CTO Kadan Stadelmann wrote in an email to CoinDesk. “It’s also a bridge that links Shiba Inu to blockchain communities outside of the Shiba Inu sphere and into the wider crypto metaverse.” However, DEXs have certain inherent risks such as impermanent loss or rogue developers emptying liquidity pools in a “rugpull.”
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