Shiba Inu owners can now earn interest thanks to SHIB’s participation in the Euler Lending Protocol

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Shiba Inu is now active on Euler Finance, a noncustodial Ethereum protocol that allows users to lend and borrow nearly any crypto asset. As a result, Shiba Inu owners can now borrow and lend tokens while earning interest.

So, According to Euler Finance, “SHIB hosts a dedicated community that has grown the token from a meme coin to a vibrant ecosystem with a nearly $16B market cap!”

$SHIB was activated on Euler! Users can now borrow or lend tokens and earn interest.
Welcome to our community @Shibtoken!”
#ShibArmy pic.twitter.com/HQE9y49tfB
— Euler (@eulerfinance) January 10, 2022

Shiba Inu is continuing a pattern that began in late 2021, when it received a burst of listings from many exchanges throughout the globe. Gemini, Kraken, CoinDCX, Bit2Me, South Korean Korbit, and Singapore-based Coinhako were among them. The SHIB community now expects Robinhood to include Shiba Inu as well. As of press time, 555,066 people have signed a petition about it.

Notably, In a recent tweet, the Shiba Inu team stated, “ShibArmy, you’re working on some incredible things! Woof!”

Queenie, the moderator of the SHIB Discord channel, indicated towards the end of 2021. That, the Shiba Inu community will be in for a “huge surprise when we enter 2022,” but did not elaborate.

So, The network continues to grow as holders anticipate the release of amazing things into Shiba Inu’s ecosystem. Of course, with the current total holder count at 1,130,443, according to WhaleStats.

The Shiba Inu token burn is likewise going at a steady pace. Lastly, According to Shibburn, out of the initial 1 quadrillion SHIB supply, 410,300,753,866,373 SHIB had been destroyed.

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