- Civilization (CIV) plans to add three new Ryoshi-inspired SHIB tokens liquidity pools to CivFarm.
- The move along with other bullish developments in the Shiba ecosystem could skyrocket the price of SHIB.
Civilization, the world’s first Decentralized Investment Fund (DIF), has revealed plans to launch new liquidity pools (LPs) for Shiba Inu ecosystem tokens including SHIB, BONE, and LEASH to its CivFarm DeFi platform.
In a blog post, the protocol stated that the three pools, namely SHIB-ONE LP staking pool, BONE-ONE LP staking pool, and LEASH-ONE LP staking pool will be collectively dubbed Ryoshi Tribute pools. The announcement notes;
It’s time to introduce new DAO pools on CivFarm. For the first session of DAO pools, the community in recent weeks has expressed strong interest in an initiative called Ryoshi Tribute,
It added that a proposal has been put up for the community to vote on whether to add the pools or not on its governance platform CivFarm DAO. All community members who are holders of its ecosystem rewards token STONE (with the ticker ONE) can take part in the voting process which will last until Nov. 27.
At the time of writing, the proposal has received 13 votes which have all been in support of adding the pools. Once voting is completed, the pools will be available on CivFarm for 60 days from the day of their activation.
Will the move by Civilization initiative drive SHIB to new highs?
Civilization has been gaining more ground in driving the adoption of SHIB. The protocol which was launched exactly one year after the creation of Shiba Inu claims to have been inspired by the work of the pseudonymous creator of SHIB, Kasuma Ryoshi, and the Shiba community.
Civilization has the vision of making investments accessible to everyone through its CIV (Community Investment Vehicle) token which has also been getting listed on new CeFi and DeFi exchanges.
The current initiative by Civilization is only the latest bullish Shiba Inu ecosystem development in recent days. This week has also seen the Shiba Inu community welcome a massive partnership with Amazon that will see the e-commerce giant kickstart a campaign to help burn SHIB tokens.
Similarly, Ryoshi revealed in a tweet that the Shiba Inu ecosystem could be on the radar of the World Economic Forum (WEF) which is considering partnering with the memecoin to help develop policies for the metaverse.
These initiatives could soon see the price of SHIB break out of bearish trading to reach new highs. At present, the memecoin is changing hands at around $0.0000089, down 1.12 percent in the last 24 hours according to the latest price data. This current price represents an 89.8 percent drawdown from the SHIB all-time high price of $0.000087 reached in Oct. 2021.
Credit: Source link
