Description
WoofSwap is a DeFi experiment born on Shibarium in 2023 - a ve(3,3)-style DEX where governance and rewards are wrapped around a token called WOOF. In practice today, it’s almost idle - tokenomics are live, markets are tiny, and activity is limited.
First breath into existence
WoofSwap showed up with ambition. Built on Shibarium and modeled after ve(3,3) governance, it put community control first. Holders lock WOOF, vote on pools, earn rewards - all wrapped in that sticky liquidity/reward loop familiar to anyone using newer DeFi protocols. Full transparency in how pools work, full focus on token dynamics.
Actual use - very quiet
If you glance at metrics, it’s still alive - but barely. Four pairs, three tokens. Twenty-four-hour volume figures sit at about $750 on CoinMarketCap, roughly $3,500 according to public trackers. That’s not zero, but it’s whisper-level - pockets of trading, not a marketplace. Visibility is low. Liquidity pools are hard to find. Users are few.
How it’s built
WoofSwap borrows everything from the ve(3,3) playbook - token lock-ups, gauge votes, LP rewards, community treasury design. On paper, it’s elegant and modular. But on the ground, everything lives in documentation; the interface barely supports basic swaps. It’s less platform and more a living concept.
Activity today
True usage is oddly sparse. A few trades happen each day, usually small. Most users appear to be staking or holding out for incentives. There’s a roadmap floating around - plans for governance tweaks, airdrops, maybe deeper Shibarium integration - but follow-through remains light.
Snapshot View
| Parameter | Status |
|---|---|
| Launch year | 2023 |
| Network | Shibarium (ve(3,3)-based DEX) |
| Active tokens | 3 |
| Trading pairs | 4 |
| 24h Volume | ~$750–$3500 |
| Activity level | Minimal - governance over trade |
| Focus areas | Voting - staking - token lockups |
Final notes
WoofSwap is not a bustling exchange. It’s a community toy, quietly running. If you're here for real trading volume or active pair diversity - you’ll find none. But if you hate centralized control and like ideation before execution - maybe this curious corner of Shibarium is worth a look.
Low traffic. All experiment. Maybe something grows. But not yet.