DEXes · Review
ShibaNova Review 2026: BNB Chain Swaps and Farming
ShibaNova is a BNB Chain DEX that advertises AMM swaps and yield farming, alongside a claimed dividend model paid in BNB and BUSD. Its reward design is distinctive, but fee details and verifiable audit reports are not clear.
By the DappsAtlas editorial team · Updated
DappsAtlas score
4.2/10
Weak
Our verdict on ShibaNova
4.2/10ShibaNova may suit BNB Chain users looking for a DEX that combines swaps and yield farming, particularly those interested in its advertised fee-dividend model. The clearest strength is that the project specifies the intended payout assets—BNB and BUSD—and names NOVA and sNOVA’s stated roles. The main caveat is that important details remain unclear: exact fees, farming terms, current dividend operation and verifiable audit reports. Treat the reward claims as unverified until you can confirm the contracts and terms.
Score breakdown
How ShibaNova scores
- Security
- 3.0/10
- Ease of use
- 4.0/10
- Fees
- n/a
- Features
- 5.0/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is ShibaNova?
ShibaNova is a decentralized exchange on BNB Chain that advertises AMM swaps and yield farming. Its homepage identifies NOVA as the native token and sNOVA as the LP farming reward token.
The project also describes distributing 75% of platform transaction fees as daily dividends in BNB and BUSD. That is a project claim; the exact eligibility rules, payout history and current operation of the mechanism are not clear. The homepage advertises low-fee swaps but does not publish an exact fee schedule.
How ShibaNova works
ShibaNova describes itself as an automated market maker (AMM) DEX on BNB Chain. In an AMM, users generally swap against token pools rather than matching with an individual buyer or seller. ShibaNova also advertises yield farming, which typically involves providing assets to a pool or staking a pool position under the platform’s rules; the project does not publish enough detail here to explain its specific pool terms.
4 features
Key features
01
AMM swaps
ShibaNova describes itself as an automated market maker and decentralized exchange on BNB Chain. Its homepage advertises token swaps but does not publish a detailed fee schedule.
02
Yield farming
The project advertises yield farming and identifies sNOVA as its LP farming reward token. The available terms, pool risks and current reward rates are not specified.
03
Fee dividends
The project describes distributing 75% of platform transaction fees as daily dividends in BNB and BUSD. The precise eligibility rules and current payout status are not clear.
04
NOVA and sNOVA
NOVA is identified as the native token, while sNOVA is named as the LP farming reward token. Detailed token mechanics are not published on the homepage.
Pros and cons
What we like
- The project describes both AMM swaps and yield farming on BNB Chain.
- Its advertised fee-dividend model specifies BNB and BUSD as payout assets.
- The homepage distinguishes NOVA as the native token and sNOVA as the LP farming reward token.
Watch out for
- The exact swap, farming and withdrawal fees are not published.
- The homepage claims three completed audits, including one by PeckShield, but does not link to reports; no audits are listed in the project’s protocol profile.
- The dividend model depends on platform fees and the continued operation of the contracts; its current mechanics and payout history are not clear.
- The homepage does not provide enough detail to assess the token contracts, farming terms or how NOVA and sNOVA relate beyond their stated roles.
ShibaNova fees
ShibaNova advertises low-fee swaps but does not publish exact swap, farming or withdrawal fees. Check the transaction interface and documentation for applicable costs before approving a transaction; network gas fees on BNB Chain also apply.
Is ShibaNova safe?
Using a DEX involves smart-contract risk. Providing assets to a farming pool can expose them to contract vulnerabilities and pool-specific risks, and the homepage does not provide enough detail to assess the current contracts or farming terms. The project claims three completed audits, including one by PeckShield, but does not link to the reports; no audits are listed in its protocol profile. Verify any audit reports and contract addresses before depositing. No regulatory license is stated, and no incident information is established here.
5 steps
How to get started with ShibaNova
- 1
Open ShibaNova’s official site and check whether its app and documentation are currently accessible.
- 2
Confirm that you are using the project’s genuine app and the BNB Chain network before connecting a wallet.
- 3
Review the relevant token, pool and farming details, including any contract addresses and withdrawal conditions.
- 4
Check the transaction interface for the swap or farming fees and read the transaction details before signing.
- 5
If you proceed, start with an amount you can afford to lose and keep enough BNB for network fees.
Who ShibaNova is for
ShibaNova is aimed at BNB Chain users who understand AMM swaps and the risks of depositing tokens into yield-farming contracts. It is a poor fit for anyone who needs clearly published fees, independently verifiable audit reports or detailed farming terms before committing funds.
ShibaNova FAQs
What is ShibaNova?
ShibaNova describes itself as a decentralized exchange on BNB Chain, with AMM swaps and yield farming. Its homepage also describes a dividend model funded by platform fees.
What are NOVA and sNOVA?
The project describes NOVA as its native token and sNOVA as its LP farming reward token. The homepage does not give enough detail to establish their full token mechanics or current farming terms.
How does ShibaNova’s dividend model work?
ShibaNova’s description says it distributes 75% of platform transaction fees as daily dividends in BNB and BUSD. The current eligibility rules, payout history and operational status of this feature are not clear.
Has ShibaNova been audited?
The homepage claims three completed audits, including one by PeckShield, but does not link to audit reports. No audits are listed in the project’s protocol profile, so readers should verify the reports and the contracts they cover before depositing.
What fees does ShibaNova charge?
ShibaNova advertises low-fee swaps, but does not publish an exact fee schedule. Check the transaction interface and documentation for swap, farming and withdrawal costs before confirming a transaction.
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How we checked
Sources
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