SHIB Activated on Lending Protocol Euler, Enabling Holders to Gain Interest

- Advertisement -spot_imgspot_img

Shiba Inu (SHIB) has been activated on Euler Finance, a non-custodial Ethereum protocol through which users are able to borrow and lend digital assets.  

This new development allows Shiba Inu (SHIB) holders to lend and borrow tokens and while earning interest at the same time. 

Euler Finance commented that “SHIB hosts a dedicated community that has grown the token from a meme coin to a vibrant ecosystem with a nearly $16B market cap!”

Shiba Inu (SHIB) has had a successful year in 2021 having been listed in different exchanges across the world. Some of the exchanges that have listed Shiba Inu (SHIB) are Kraken, South Korean Korbit, Gemini, Bit2Me, CoinDCX, and Coinhako among others. While the Shiba Inu (SHIB) community was expecting the listing on Robinhood, the exchange has explicitly stated that there are no plans to list Shiba Inu (SHIB) on the exchange platform in the future. However, this has not stopped the SHIB Army from initiating a petition which at the time of writing had a total of 555,066 signatures. 

The team of Shiba Inu (SHIB) has teased the community by tweeting about amazing things ahead. 

Similarly, the Shiba Inu (SHIB) Discord channel moderator, Queenie said at the end of 2021 that the new year will bring quite the surprise for the community, but what this surprise entails has not been divulged yet. 

The Shiba Inu (SHIB) network has exhibited quite a growth, having surpassed the 1 million holder count, standing currently at 1,130,443. As such, the community is foreseeing new and incredible releases on the network for the new year. 

The burning of Shiba Inu (SHIB) is likewise going at a steady pace. According to Shibburn, out of the initial 1 quadrillion SHIB supply, 410,300,753,866,373 Shiba Inu (SHIB) have been burned. 

In the aftermath of the downturn last week, Shiba Inu (SHIB) is currently trading up at $0.00002850. Shiba Inu (SHIB) is currently the 13th largest cryptocurrency by market cap

Also read: 

Kosovo Crackdown on Miners Continues: Over 300 Crypto Mining Machines Seized

$3.6 Million Shiba Inu Acquired by Ethereum Whale

Shiba Inu (SHIB) Price Prediction 2022 and Beyond – Can SHIB Hit $1?

BitMart $200 Million Hack Rebound to be Bolstered by Huobi and SHIB Community

About 2 Billion SHIB Burned in November Alone

Latest news
Related news
- Advertisement -spot_img