ShapeShift Overview
- What is ShapeShift?
Shapeshift is an open-source, multi-chain, self-custody decentralized exchange that allows users to trade digital assets. It strives to provide users with competitive exchange rates by leveraging real-time market data. Shapeshift offers a governance token called FOX. Holding FOX allows users to participate in the Shapeshift DAO and vote on proposals that shape the future development of the Shapeshift platform.
- Main Features
- Seamless integration with MetaMaskSupports both mobile and web platformsCompetitive exchange ratesGoverned by communityHardware wallet integration
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Frequently asked questions
FOX tokens are ShapeShift’s native utility tokens. Holding FOX tokens provides benefits such as zero commission fees on trades, improved liquidity and pricing, as well as voting rights in the decentralized governance of the platform.
Yes, the app is open source.
ShapeShift integrates with various DeFi protocols allowing users to directly engage in activities such as staking, yield farming, and lending directly through the platform.
ShapeShift is a non-custodial exchange, meaning it does not hold your funds at any point. Transactions are directly conducted from your personal wallet, significantly reducing the risk of hacks and theft.
The app tracks and analyzes anonymized click data to analyze performance and improve the user experience.
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