The Shiba Inu ecosystem has grown far beyond its origins as a meme-driven project, evolving into a multi-token DeFi environment centered around shibaswap. Rather than relying on a single asset, the ecosystem uses three primary tokens—SHIB, BONE, and LEASH—each designed for a specific role. Understanding how these tokens function within shibaswap is essential for anyone looking to participate responsibly in the platform.

This article provides a clear, beginner-friendly explanation of SHIB, BONE, and LEASH, outlining their use cases, incentives, and roles within the Shiba Inu DeFi ecosystem.

Understanding the Multi-Token Design of the Shiba Inu Ecosystem

Unlike many DeFi platforms that rely on a single governance or utility token, the Shiba Inu ecosystem was intentionally built with multiple assets.

Why Multiple Tokens Exist

The multi-token structure allows:

• Separation of utility, governance, and incentives
• More flexible reward mechanisms
• Reduced pressure on a single asset
• Clearer alignment of user roles

Each token contributes differently to ecosystem functionality.

What Is SHIB and How It’s Used on shibaswap

SHIB is the most widely recognized token in the ecosystem and serves as the foundation of the Shiba Inu project.

Core Use Cases of SHIB

Within shibaswap, SHIB is commonly used for:

• Token swapping
• Liquidity provision