Unification’s New Project Aims to Unlock $Billion Market: Can SHIB Hit $0.01?
• Unification has proposed a liquid staking derivative (LSD) for FUND on the Ethereum blockchain network.
• The Shiba Inu Community can participate by purchasing FUND tokens from exchanges such as Uniswap, Ploniex, BitForex, and MEXC Global.
• Unification will also be responsible for building the Layer-2 scalability platform Shibarium.
Unification Proposes Liquid Staking Derivative (LSD) For FUND
Unification has proposed the creation of a liquid staking derivative (LSD) for their token FUND on the Ethereum blockchain network. This would require the creation of two tokens along with a Curve liquidity pool that is pegged to FUND – aFUND and sFUND – in order to allow users to earn ETH staking rewards and liquidity pool yield. The proposal has already secured 33% of the DAO voting power, with 98.8% voting in favor.
Shiba Inu Community Can Participate
Members of the Shiba Inu Community can participate in this project by purchasing FUND tokens through several exchanges such as Uniswap, Ploniex, BitForex and MEXC Global. Although currently it is not available on ShibaSwap yet but will be available on its upcoming version – ShibaSwap v2 which will run on Shiba Inu’s Layer-2 scalability platform Shibarium.
Launch Of Shibarium Delayed
The launch of Shibarium was scheduled for February 14 earlier but due to development work going around its Oracle of Oracles (OoO), which seeks to provide secure price feeds for the protocol, it has been delayed temporarily.
Project Could Unlock Billion-$ Markets
If successful, this project could unlock billion-$ markets with massive utility and give SHIB an opportunity to hit $0.01 or even more depending upon how well it performs in terms of adoption rate among users and market sentiments etcetera.
All in all, this project could potentially open up new avenues for growth within the SHIB ecosystem by providing access to larger markets with increased utility value and liquidity options being made available through LSD derivatives running on Ethereum blockchain networks via Curve liquidity pools etcetera.