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Home BUSINESS

Bitrue Launches Staking Pool for Shiba Inu Ecosystem with 10% APY

BlockNews Team by BlockNews Team
July 17, 2023
in BUSINESS, CRYPTO, MEDIA
Reading Time: 3 mins read
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  • Bitrue has launched the Shibarium staking pool, allowing users to stake LEASH and BONE tokens and earn SHIB with an annual percentage yield (APY) of 10%.
  • Bitrue has listed LEASH, a prominent token in the Shiba Inu ecosystem, expanding trading options and providing increased liquidity and market engagement.

Bitrue, a Singapore-based cryptocurrency exchange, has recently made significant advances in the Shiba Inu ecosystem, introducing the much-anticipated Shibarium staking pool and listing LEASH, one of the ecosystem’s prominent tokens. These developments allow users to earn SHIB, enjoy attractive returns, and gain access to enhanced trading options.

Shibarium Staking Pool Is Now Open, With Lucrative Returns

Bitrue has expanded the Shibarium staking pool by announcing that users can stake their LEASH and BONE tokens to earn SHIB, the second-largest dog-themed token.

The staking pool offers users a lucrative opportunity to earn passive income with an annual percentage yield (APY) of 10%.

The staking period will last 30 days, giving users a month to participate. Bitrue advises users to act quickly because these investment opportunities are expected to sell out quickly.

Bitrue adds LEASH to its list and expands trading options for Shiba Inu Ecosystem Token

Bitrue has expanded its support for the Shiba Inu ecosystem by listing LEASH, allowing users to trade more effectively. The listing gives users access to deposit features on Bitrue’s trading platform, paving the way for more liquidity and market participation. 

In response to the inclusion of LEASH, Bitrue expressed their excitement on Twitter, stating: “We are excited to announce the listing of LEASH on Bitrue! You can now enjoy trading opportunities with LEASH, one of the key tokens in the Shiba Inu ecosystem. Don’t miss out on this exciting addition to our platform!”

Shiba Inu ecosystem tokens are attracting the attention of investors and enthusiasts who see the potential for significant returns. Bitrue’s recent announcements have piqued the interest of SHIB holders, as the PowerPiggy service expansion offers exclusive benefits to new users.

However, the price of BONE, the governance token for the decentralized exchange ShibaSwap, has been fluctuating for a while. BONE is currently trading at $1.23, a 92% drop from its all-time high (ATH). If BONE were to reclaim its ATH of $15.50, investors would need to invest $79,354 to earn a $1 million return.

LEASH, designed as the Shiba Inu ecosystem’s Doge Killer, reached an ATH of $8,983 shortly after its launch but was hit by a bear market, resulting in a current price of $416. Despite being down 95.35% from its all-time high, the future price movement of LEASH remains uncertain. If LEASH rallies by 2,059% and reclaims its ATH, a $46,176 initial investment would yield a $1 million return at current prices.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BitrueCrypto ExchangeShibariumShibu Inu
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