Blockbank Adds Shiba Inu (SHIB) to its Earn Program

blockbank adds SHIB to the EARN program and offers up to 5% APY for staked tokens, benefiting long-term SHIB holders.

blockbank has taken another step toward expanding its support for Shiba Inu. In a recent announcement, blockbank added SHIB to its EARN program. This move is expected to benefit the long-term SHIB holders significantly, allowing them to earn interest of up to 5% APY on their staked SHIB tokens.

But that’s not all – in addition to earning interest in SHIB, blockbank will also pay an additional APY of up to 10% in its native cryptocurrency, BBANK. This means that Shiba Inu holders who stake their tokens with blockbank can simultaneously earn interest in both SHIB and BBANK, further boosting their potential returns.

The #ShibaInu frenzy is real!?

Our community have asked, and we have listened! @Shibtoken is NOW available in #blockbank's EARN program.

Earn up to 5% APY on your $SHIB & an extra of up to 10% APY paid in $BBANK! ?

Don't miss out on this opportunity!

Get started today!… pic.twitter.com/8heMK21atg

— blockbank (@blockbankapp) April 27, 2023

As reported by The Crypto Basic Blockbank added support for SHIB on its CeFi platform on April 24th.

blockbank Support For Shibarium?

Furthermore, blockbank also hinted at supporting the much-awaited Shiba Inu’s L2 Solution, Shibarium shortly. Following a tweet from The Bus, a prominent member of the Shiba Inu Community, blockbank confirmed that they are actively listening to their users and closely monitoring the development of Shibarium.

Woof Woof! We hear you and we're taking a closer look at @ShibariumNet

— blockbank (@blockbankapp) April 27, 2023

Shibarium Beta is already receiving an overwhelming response from the Community as it has registered over 14 million wallet addresses within a month of its launch. In addition, the network also has processed more than 3 million transactions.

Moreover, Shibarium has also caught the attention of over 500 projects, which have expressed interest in joining as validators. However, it’s worth noting that the Shiba Inu team has limited the number of Shibarium validators to only 100 slots, making the validator selection process highly competitive.

According to the lead developer of Shiba Inu, Shytoshi Kusama, the Beta phase of Shibarium is expected to conclude within the next 2 to 4 months, depending on the results of the ongoing tests. Once the Beta phase is completed successfully, the mainnet will be launched, which is expected to be a significant milestone for SHIB.

Meanwhile, NOWPayments, a leading crypto payment gateway, has announced its intention to incorporate the Shibarium Network onto its platform and collaborate and expand on its features actively.