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.