- Civilization (CIV) plans to add three new Ryoshi-inspired SHIB token liquidity pools to CivFarm.
- The move along with other bullish developments in the Shiba ecosystem could send SHIB’s price skyrocketing.
Civilization, the world’s first decentralized investment fund (DIF), has announced plans to launch new liquidity pools (LPs) for Shiba Inu ecosystem tokens, including SHIB, BONE, and LEASH, on its CivFarm DeFi platform.
In a blog post, the protocol explained that the three pools, namely SHIB-ONE LP Staking Pool, BONE-ONE LP Staking Pool and LEASH-ONE LP Staking Pool, are collectively referred to as the Ryoshi Tribute Pools. The Announcement Notes;
It’s time to introduce new DAO pools to CivFarm. For the first session of DAO pools, the community has expressed strong interest in an initiative called Ryoshi Tribute over the last few weeks.
Added that a proposal was made for the community to vote on whether or not to add the pools on their governance platform CivFarm DAO. All community members who are holders of the ecosystem rewards token STONE (with the ticker ONE) can participate in the voting process, which will last until November 27th.
At the time of writing, the proposal has received 13 votes, all in favor of adding the pools. Once voting is complete, the pools will be available on CivFarm for 60 days from the day they are activated.
Will Civilization Initiative SHIB Move to New Highs?
Civilization has been gaining more and more ground to push the adoption of SHIB. The protocol, which started exactly one year after Shiba Inu was created, claims to have been inspired by the work of SHIB’s pseudonymous creator Kasuma Ryoshi and the Shiba community.
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Civilization’s vision is to make investing accessible to anyone through its CIV (Community Investment Vehicle) token, which has also been listed on new CeFi and DeFi exchanges.
Civilization’s current initiative is just the latest bullish development of the Shiba Inu ecosystem over the past few days. This week, the Shiba Inu community has also welcomed a massive partnership with Amazon, which will see the e-commerce giant launch a campaign to support SHIB token burning.
Similarly, Ryoshi revealed in a tweet that the Shiba Inu ecosystem could be on the radar of the World Economic Forum (WEF), which is considering a partnership with the memecoin to help develop policies for the Metaverse.
These initiatives could soon see SHIB’s price break out of bearish trading and set new highs. Currently, the memecoin is changing hands at around $0.0000089, which is down 1.12 percent over the past 24 hours, according to the latest price data. This current price represents an 89.8 percent drop from the SHIB all-time high of $0.000087 set in October 2021.
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