Ethereum utility token xShib Staked Shiba Inu (xSHIB) is the staked version of SHIB on Ethereum. xShib Staked Shiba Inu (xSHIB) is an ERC-20 utility token on Ethereum. It is received when users stake or bury SHIB tokens through the ShibaSwap platform. The token serves as the on-chain representation of staked SHIB within the Shiba Inu ecosystem. Staking representation xSHIB tracks staked SHIB and participates in ecosystem reward distribution. Holders of xSHIB receive a share of swap fees and other rewards generated on ShibaSwap. The token is minted when SHIB is deposited into the BuryShib contract and burned on withdrawal. This mechanic ties xSHIB directly to the staking and liquidity activities of the underlying SHIB token. ShibaSwap origin xSHIB originates from the official ShibaSwap staking contract on Ethereum. The token is issued by the BuryShib contract deployed as part of the Shiba Inu ecosystem's ShibaSwap protocol. It has been active since the early days of ShibaSwap operations. The contract handles the conversion between SHIB and xSHIB for users participating in staking.

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