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Author: Admin | 2025-04-28
Like Shibarium, which could help SHIB over the long term.Stake your SHIB using ShibaSwapShibaSwap is a DeFi platform created by the Shiba Inu project. One of the features offered by ShibaSwap is staking of Shiba Inu ecosystem tokens, which includes SHIB, LEASH and BONE. This feature is called “Bury”, but don’t get spooked—it’s simply a reference to the habit many dogs have of burying food and other objects they find especially valuable. If you want to stake SHIB in this way, you should hold your SHIB in your own Ethereum wallet, for example MetaMask. You will use this wallet to connect to the ShibaSwap platform. To stake SHIB, head over to the ShibaSwap website. You'll find the staking options presented on their front page.Then, select “Bury SHIB” to stake your SHIB tokens and begin earning rewards. After staking, you will receive xSHIB tokens, which will represent your share of the staking pool. Please note that staking rewards are paid weekly. In addition, only 33% of rewards can be claimed immediately, with the remaining 67% having a 6-month locking period.Use SHIB passive income services on centralized exchangesAnother way to use your SHIB holdings to earn additional SHIB rewards is to deposit them in various passive income products offered by cryptocurrency exchanges. In such products, the exchange will deploy your SHIB tokens into various DeFi opportunities or lend them out toOne example of a major crypto exchange where you can earn yield on your SHIB tokens is Binance, one of the best crypto exchanges. The exchange provides a variety of passive income products for crypto investors under the “Binance Earn” banner. At the time of writing, users can deposit their SHIB into the Simple Earn product on Binance to earn yield. This covers both flexible and locked products. Flexible products offer lower yield, but you can withdraw your tokens and accumulated rewards at any time. Locked products, on the other hand, offer higher yields, but require the tokens to be deposited for the full duration for any rewards to be earned.You can also use your SHIB tokens to provide liquidity on Binance
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