Saturday, January 22, 2022

Euler Finance Announces Shiba Inu Activation. SHIB Holders Can Now Lend and Earn Interest

Euler Finance, a noncustodial protocol on the Ethereum network, which allows users to lend and borrow crypto assets, has announced the activation of Shiba Inu (SHIB) on its protocol.

With this development, SHIB holders can now borrow or lend tokens and earn interest. Euler Finance made this known in a series of tweets a few hours ago.

Read Also: SHIB Developer Shares Updates on Shibarium, the Shiba Inu Layer 2 Scaling Solution, Hints Big Surprise for Early 2022

Euler announced:

“SHIB was activated on Euler! Users can now borrow or lend tokens and earn interest.

“Looking to get involved? Go to the Euler app and click on Transaction to deposit. Select your asset from the dropdown. Approve. Deposit. When other users borrow, you will start earning interest.

“If you want to hedge your position, why not consider borrowing and shorting? See a good arb opportunity? Try our feeless flash loans through our transaction builder.

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

Read Also: Shiba Inu Launches Official Communication Portal, Adds 100,000 New Users within Weeks of Reaching 1 Million Milestone

<

Shiba Inu continues the trend it started in late 2021 when it saw a flurry of listings by multiple exchanges in various countries. Among them were Gemini, Kraken, CoinDCX, Bit2Me, South Korean Korbit, and Singapore-based Coinhako.

Now, the SHIB community anticipates that Robinhood will list Shiba Inu as well. A petition in this regard has received over 555,000 signatures as of press time.


Follow us on Twitter, Facebook, and Telegram

Tobi Loba
Tobi Loba is a passionate writer with over 3 million readers from all over the world. She graduated from a reputable university. She joined the crypto ecosystem about two years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects.

Related Articles

Latest Articles