ShapeShift
ShapeShift is a community-owned, non-custodial, multichain platform that supports trading, earning, and borrowing over 10,000 assets across 13+ chains, offering features like DeFi staking, Streaming Swaps, and FOX Token governance.
Services
ShapeShift offers a variety of services including trading, earning, and borrowing over 10,000 assets across 13+ chains. It supports DeFi staking with yearly rewards of up to 18% for Cosmos and varying percentages for other cryptocurrencies like ETH, LTC, BTC, DOGE, and more. The platform also provides liquidity pools and lending options, enabling users to earn passive income and borrow assets with 0% APR and no liquidations. Additionally, ShapeShift has a Responsible Disclosure Program to incentivize security researchers to report vulnerabilities.
Multichain Snap Feature
ShapeShift's Multichain Snap feature allows users to connect their MetaMask wallet and swap ETH for BTC. This integration enables self-custodial native Bitcoin, Dogecoin, Cosmos, and other cryptocurrencies within the MetaMask Wallet. ShapeShift has also integrated with multiple wallets including ShapeShift Native Wallet, KeepKey, MetaMask, Tallyho, Portis, XDefi, Keplr, and WalletConnect.
FOX Token and Community Governance
The FOX Token empowers the ShapeShift community by allowing token holders to submit and vote on proposals. ShapeShift offers loyalty benefits through its FOX Token, such as commission-free trading and other enhanced features on the platform. The platform also provides free, upgradable NFT FOXatar PFPs on Polygon in partnership with Mercle.
DeFi Features and Integrations
ShapeShift integrates various DeFi features and protocols to enhance user experience. The platform supports Streaming Swaps, powered by THORChain, for real-time asset swaps directly from users' wallets. It has also integrated with the CoW Protocol Meta DEX Aggregator to find the lowest transaction rates for users. ShapeShift has a mobile app that allows users to access DeFi features anytime, anywhere.