Woofswap v3 launches on Ethereum with $SHIB-only token pairs and a 1% fee that burns 70%
AI Market Summary
Woofswap v3 launched on Ethereum as a SHIB-centric launchpad where all newly created tokens must pair with SHIB and trade via Uniswap v3. A 1% fee is charged per trade, with 70% used to burn both SHIB and the paired token, directly linking SHIB burn velocity to platform activity. If adoption and trading volumes build, the mechanism increases sustained deflationary pressure on SHIB.
Impact level
● Medium
Affected assets
1000SHIB/USDT+22.40%
AI Insight · 1000SHIB/USDTAI Insight
▲ Bullish
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Woofswap v3 has launched on Ethereum mainnet as a SHIB-centric DeFi launchpad. Tokens created on the platform are required to pair exclusively with $SHIB, with trading routed through Uniswap v3. It charges a 1% trading fee, and 70% of that fee is automatically used to burn both SHIB and the newly created token. Token creators receive 1% of the token supply at no cost as the platform’s stated incentive.
