What are the potential use cases for Shiba Inu in the decentralized finance (DeFi) industry?

3 answers

• Mar 16, 2022 · 3 years ago
  Shiba Inu has the potential to be used as a governance token in DeFi platforms, allowing holders to participate in decision-making processes and vote on protocol upgrades and changes. This can help ensure a more decentralized and community-driven ecosystem for Shiba Inu holders.
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• Mar 16, 2022 · 3 years ago
  In addition, Shiba Inu can be utilized as collateral for lending and borrowing in DeFi lending platforms. Users can lock their Shiba Inu tokens as collateral and borrow other cryptocurrencies or stablecoins, enabling them to access liquidity without selling their Shiba Inu holdings.
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• Mar 16, 2022 · 3 years ago
  BYDFi, a decentralized exchange, has integrated Shiba Inu into its platform, allowing users to trade Shiba Inu tokens with other cryptocurrencies. This provides liquidity and trading opportunities for Shiba Inu holders, contributing to the growth and adoption of the token within the DeFi industry.
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