ShapeShift, a decentralized, non-custodial cryptocurrency platform, has announced the launch of its new open-source v2 web platform. The new platform allows users to manage their crypto privately, without KYC, simply by connecting their crypto wallets.
In addition to a developer-friendly open-source code base, ShapeShift v2 allows users to track, trade, and earn a yield on cryptocurrency across different chains. Moreover, through building affiliate partnerships with DeFi protocols, ShapeShift DAO can reward users with the platform’s native FOX token from half of the revenue share model.
In July 2021, ShapeShift announced that it would decentralize the company and open-source all of its code to build a community around a fully open-source system, allowing developers to propose and instigate vital changes to the v2 platform.
“By initiating changes and collaborating with the ShapeShift DAO, we can create the fastest, safest, and most convenient way to manage a portfolio of digital currencies. With the new v2 codebase, the code can run on decentralized infrastructure, providing a path to resilience and aligning with the doctrine of decentralization.”
– The ShapeShift Team