ShapeShift DAO Seeks Community Support for Decentralized Exchange Development through Gitcoin Grants

ShapeShift DAO, the innovative team behind the multi-wallet, multi-chain app that aims to serve as a comprehensive self-custody alternative to centralized exchanges, has recently announced its decision to raise funds through Gitcoin Grants. The funds raised will be allocated entirely towards the development of ShapeShift as an open-source public good, emphasizing the importance of transparency and community-driven projects in the DeFi universe.

The ShapeShift platform is already in use, accessible through app.shapeshift.com and available for download on iOS and Android devices. The community of FOX Token holders drives the roadmap for the product, enabling access to a growing list of DeFi opportunities. The app is designed for complete decentralization, powered by an open-source stack that includes HDWallet, Unchained, Chain Adapters, Swapper, and Web repositories.

Currently, ShapeShift supports multiple wallets such as Metamask, KeepKey, Keplr, and 170+ more wallets via WalletConnect v2. The platform also supports numerous chains like Ethereum Mainnet, Bitcoin, Optimism, Polygon, Cosmos, Osmosis, THORChain, Binance Smart Chain, Avalanche, Dogecoin, Litecoin, and Bitcoin Cash. Additionally, ShapeShift offers a DEX aggregator, bridges and fiat ramps, Web3 messaging, and earning opportunities for various tokens.

Previously, ShapeShift DAO received $600,000 in funding from various sources, including a DAO Success Token from Coinbase Cloud and Chapter One, as well as grants from Axelar, THORChain, and CowSwap. The team, consisting of 15 members, has been working on the project for 21 months.

With 13 days left to contribute, the community has an opportunity to support ShapeShift DAO’s mission of creating a free, open-source, and permissionless app that provides users with a decentralized alternative to centralized exchanges. For more information, video content, and tutorials, visit ShapeShift’s YouTube channel.

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Maria Irene
Maria Irenehttp://ledgerlife.io/
Maria Irene is a multi-faceted journalist with a focus on various domains including Cryptocurrency, NFTs, Real Estate, Energy, and Macroeconomics. With over a year of experience, she has produced an array of video content, news stories, and in-depth analyses. Her journalistic endeavours also involve a detailed exploration of the Australia-India partnership, pinpointing avenues for mutual collaboration. In addition to her work in journalism, Maria crafts easily digestible financial content for a specialised platform, demystifying complex economic theories for the layperson. She holds a strong belief that journalism should go beyond mere reporting; it should instigate meaningful discussions and effect change by spotlighting vital global issues. Committed to enriching public discourse, Maria aims to keep her audience not just well-informed, but also actively engaged across various platforms, encouraging them to partake in crucial global conversations.

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