Shiba Inu Activated on Lending Protocol Euler, Allowing SHIB Holders to Earn Interest By DailyCoin
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Shiba Inu Activated on Lending Protocol Euler, Allowing SHIB Holders to Earn Interest
In 2021, rose up through the ranks after initially making a name for itself as one of the most promising meme coins. However, by integrating more utility, the project has shown on multiple occasions that Shiba is more than a meme.
2022: A Big Year for Shiba Inu
Its latest use case now allows holders of Shiba Inu (SHIB) to borrow or lend tokens and earn interest. This is made possible following an announcement from Euler Finance of Shiba’s integration into its platform.
Euler Finance is a noncustodial protocol on that allows users to lend and borrow almost any crypto asset. Euler announced;
$SHIB was activated on Euler! Users can now borrow or lend tokens and earn interest. Welcome to our community @Shibtoken! #ShibArmy pic.twitter.com/HQE9y49tfB
— Euler (@eulerfinance) January 10, 2022
Shiba’s latest activation continues the trend of top-tier listing on multiple exchanges and companies in various countries, with AMC Entertainment (NYSE:) on track to begin accepting Shiba Inu payments in Q1 of 2022.
In addition, the Shiba Inu development team has announced that Shiba will be making an entrance into the trillion-dollar metaverse and the blockchain gaming industry in 2022. Shiba Inu recently revealed that it is “working on amazing things.”
On The Flipside
- Although there have been significant developments, Shiba Inu (SHIB) has been unable to recover from its ATH, losing more than 70% since October.
Why You Should Care
The primary goal of digital assets is to gain as much utility as possible. The increasing utility of Shiba Inu could possibly lead to an increase in the adoption of the cryptocurrency.
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Shiba Inu Activated on Lending Protocol Euler, Allowing SHIB Holders to Earn Interest
In 2021, rose up through the ranks after initially making a name for itself as one of the most promising meme coins. However, by integrating more utility, the project has shown on multiple occasions that Shiba is more than a meme.
2022: A Big Year for Shiba Inu
Its latest use case now allows holders of Shiba Inu (SHIB) to borrow or lend tokens and earn interest. This is made possible following an announcement from Euler Finance of Shiba’s integration into its platform.
Euler Finance is a noncustodial protocol on that allows users to lend and borrow almost any crypto asset. Euler announced;
$SHIB was activated on Euler! Users can now borrow or lend tokens and earn interest. Welcome to our community @Shibtoken! #ShibArmy pic.twitter.com/HQE9y49tfB
— Euler (@eulerfinance) January 10, 2022
Shiba’s latest activation continues the trend of top-tier listing on multiple exchanges and companies in various countries, with AMC Entertainment (NYSE:) on track to begin accepting Shiba Inu payments in Q1 of 2022.
In addition, the Shiba Inu development team has announced that Shiba will be making an entrance into the trillion-dollar metaverse and the blockchain gaming industry in 2022. Shiba Inu recently revealed that it is “working on amazing things.”
On The Flipside
- Although there have been significant developments, Shiba Inu (SHIB) has been unable to recover from its ATH, losing more than 70% since October.
Why You Should Care
The primary goal of digital assets is to gain as much utility as possible. The increasing utility of Shiba Inu could possibly lead to an increase in the adoption of the cryptocurrency.
EMAIL NEWSLETTER
Join to get the flipside of crypto
Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.
[contact-form-7]
You can always unsubscribe with just 1 click.
Continue reading on DailyCoin
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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