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

Atis. Sh

2 years ago

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!”

https://twitter.com/eulerfinance/status/1480430666500087810

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.

🐶 Working on amazing things, #ShibArmy! Woof! pic.twitter.com/jXsWTDAZth

— Shib (@Shibtoken) January 7, 2022

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.