On July 7, ShibaSwap, a decentralised exchange with a dog motif, held its maiden day of trading. Liquidity providers for the protocol are putting money into an opaque protocol with dubious security. The protocol received a score of only 3% from a platform reviewer, significantly below the 70% threshold that the site considers a pass. The lack of transparency and documentation by Shibaswap's anonymous staff is cited as an issue.