ShibaSwap : Perfect Platform To Provide Liquidity, Swap, And Stake Tokens
In this fast-growing world, there are different platforms that let users provide a liquidity pool to earn crypto tokens. ShibaSwap is also giving you an opportunity to buy, sell, and trade 10,000 unique Shiboshis.
Here are tons of BONES under the ground that you can easily earn by providing liquidity. It is a native decentralized exchange of the Shiba inu coin project, a popular meme coin that is in existence for the last 18 months. This token has been launched in July 2021 and provides many of the same functions that are similar to Uniswap and other decentralized exchanges.
The ShibaSwap platform is for everyone and trading here is also easy. Yes, if you have a wallet account then you can use it to trade on the ShibaSwap platform.
What Is Shibaswap (DEX) And How Does It Work?
Shiba Swap is a decentralized exchange for all of your needs that lets you make passive income with a little effort. You can also use all of the income-generating services like staking, liquidity pools, and yield farming. ShibaSwap has a DEX volume of $7.12 and its core purpose is to boost its own utility Shiba Inu.
Now, without taking much time, let’s move further to discuss the procedures to trade on this exchange and earn BONE. But before that ensure that the device (Windows or Mac) that you are looking to use to trade on Shiba Swap has sufficient power and a secured internet connection.
How To Connect A Pre-Set Up Wallet On Shiba Swap Exchange?
Users who have created a wallet account already can link it on this exchange as well. What you need is the secret recovery phrase details of your wallet. Now, if you are not sure how to approach this task, follow the simple steps that are given below:
- On your Windows or Mac, launch a browser and then go to https://shibaswap.com/ website
- Now, look for the “Connect Wallet” button that is given in the top-right corner, click on it
- Once you click on this button, you will be moved to the wallet setup page
- Here you are asked to select your wallet from the options such as Wallet Connect, MetaMask, and Coinbase
- Click on the preferred wallet and then install the wallet extension, if required
- After getting the wallet extension, choose the “I Have Secret Recovery Phrase” option
- Now, you need to go to the wallet recovery page and then type the seed phrase details
- Check that the details are correct and then click on the “Next” button to move to another page
- Here type new password details for your wallet account then confirm the same password
- Finally, finish by clicking on the “Import” button, and then your wallet will be linked to ShibaSwap
What Is The Procedure To Earn BONE on Shiba Swap?
Earning in BONE on this platform is too easy. What you need to do is, link your wallet, and add pool liquidity and then you are good to earn crypto tokens on the ShibaSwap platform. Now, if you are not sure then you need to approach the steps that are given below:
- Start your web browser and then you need to visit the ShibaSwap official website
- Now, get to the “DIG’ section and choose the “Provide Liquidity” option
- After that, you need to choose the “Add Liquidity” option to proceed
- This is the time to enter the amount of ETH tokens
- In the next field, choose the token for which you want to add liquidity
- Now, get to the “Connect Wallet” button and click on it to move to the next page
After approaching the above steps, you will be able to add liquidity on ShibaSwap easily. Once you add liquidity to this platform, you can stake it to earn rewards. Now, if you are sure about how to stake crypto tokens on the ShibaSwap exchange then you can approach the next section to learn about it.
How To Stake Crypto Tokens On ShibaSwap DEX?
Staking means burying the tokens that you have added as liquidity on ShibaSwap. Now, in case you bury your tokens at the right time then you can earn BONE and make passive income. The steps that are given below will help you to complete the staking process on ShibaSwap:
- Launch a browser on your device and visit the link https://shibaswap.com/#/ page
- After that, find the “Bury” section, and then you need to click on the “Stake Tokens” button
- Once you click on this button, you will be moved to ShibaSwap bury page
- Now, choose the token that you want to bury such as SHIB, Leash, and Bone
- After that, enter the required details in the corresponding fields correctly
- If the above fields are correct, confirm the process by clicking the “Bury Leash”, “Bury Shib”, or “Bury BONE” button
Pro Tip: Once you complete the above process, you will be able to stake and earn crypto tokens on the ShibaSwap exchange. To avoid issues, make sure to perform this task when your device is connected to a secured internet connection.
Cryptocurrencies helps us to make a passive money. But you can make your reward higher by selecting the right trading token. Shib or BONE tokens helps traders earn on a large scale and you can also ensure you fix passive income by trading on this exchange. What you need to do is, add a crypto wallet on ShibaSwap DEX and then provide liquidity pool to put your money on work. Once you find the perfect time to bury the token, staking can help you to earn the rewards. In case the ShibaSwap wallet is not responding then you need to use another browser to perform this task. Now, we are sure that this read has given you a idea to trade on ShibaSwap exchange.