Description
Shibarium is an EVM (ethereum virtual machine) compatible chain. That means any contract deployed on Ethereum can be deployed and run on Shibarium
There is going to be an Ethereum to Shibarium bridge. It’s a burn and redeem bridge. This means if you want to send 1 SHIB to Shibarium, it’s burned temporarily on Ethereum and credited to your address on Shibarium
Now your SHIB is on Shibarium and you have 1 less SHIB on Ethereum
Next up is obviously trading with your SHIB on Shibarium. So we need dexes there. It’s up to anyone to launch a dex (this is why I’m fucking with cageswap too). Once there is a dex people can create pools and trade just like on Uniswap on Ethereum
The key is you NEED to contribute liquidity on Shibarium as well. It does NOT share the same LP as Ethereum’s shib pool. So I’ve committed to created a decent size LP for us on Shibarium with my own funds as well
If you want to come back. You bridge back, burn shib on Shibarium and credit on Ethereum