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ShapeShift Completed User Migration to New Open-source App, A Step Closer to Full Decentralization

By Irene L. | October 20, 2022

Noncustodial crypto exchange and DAO ShapeShift reportedly took extra strides toward full decentralization, with the migration of users to a new open-source application. 

Specifically, the initiative is reportedly believed by the organization to offer enhancements for user mobility.

Per the organization, all native web users of the ShapeShift platform have completed migration to a decentralized version of the application. The announcement is also in line with the roll-out of a new mobile app, which the organization claimed to offer “authentic DeFi universe” experience. 

The new mobile app is said to provide users with extra flexibility, mobility and functionalities in terms of the linking between their wallets and trading crypto.

Willy Orgorzaly, the Director of decentralization for the Fox Foundation, further remarked that the mobile app is “fully open source” and that “the only backend is blockchain data,” which is also in the process of being decentralized.

As included in the scope of its decentralization attempts, ShapeShift carried out the expansion for user options, regarding investing and managing digital assets. 

It additionally vouched to permanently eliminate users’ data once the company’s centralized infrastructure is fully wound down.

Previously, ShapeShift reportedly revealed details of its plans to decentralize its full operations in July last year. The decentralization pledge also included a massive airdrop of FOX tokens, the native asset of the ShapeShift platform, to over 1 million users. 

In the next months, the organization carried out the issuance for numerous airdrops and fully open-sourced its v2 platform code.

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