ShibaSwap is the decentralized trade (DEX) of the Shiba Inu environment.

The contrast between incorporated trades and decentralized ones like ShibaSwap is that DEXes empower clients to trade resources without a go-between or outsider. Implying that no element is ever in the control or responsibility for resources.

ShibaSwap offers a significant number of similar functionalities as other decentralized trades like PancakeSwap — empowering non-custodial digital money trades, and offering some yield age highlights for clients.

ShibaSwap is energized by the Shiba Inu Coin ($SHIB), alongside two optional tokens, specifically Bone ShibaSwap ($BONE) and Doge Executioner ($LEASH), yet to a greater degree toward these later.

There are 6 main features displayed on the ShibaSwap homepage, with “SWAP” being the main function of the decentralized exchange, that “tells your Shiba Inu to fetch new tokens” in exchange for other tokens.

ShibaSwap was created as a hard fork of the SushiSwap DEX, meaning that it’s essentially a copy of the initial blockchain protocol. Despite being a fork of SushiSwap, ShibaSwap has a different fee and incentive structure. This isn’t unusual in the blockchain space, as SushiSwap was also created as a hard fork of Uniswap.

ShibaSwap uses an automated market maker (AMM) to quickly execute asset swaps without the need for an order book or central intermediary. When a user submits an asset swap order, the protocol taps one of its native liquidity pools for the requested asset pair and executes the token swap.