Get ready, Shiba Inu fans! Liquid staking is officially coming to Shibarium on September 18th. This means you can soon stake your BONE tokens and earn rewards without locking them up.
What is Liquid Staking?
Liquid staking is a game-changer for crypto users. It allows you to stake your tokens and earn rewards while still being able to use them for other things, like trading or using them in DeFi apps.
Shibarium’s liquid staking is powered by K9 Finance, a platform designed specifically for the Shiba Inu ecosystem. When you stake your BONE tokens, you’ll receive
knBONE, a liquid staking derivative token. This token represents your stake and can be traded just like any other token.
How it Works
K9 Finance has been testing liquid staking with a select group of users since July. Now, the testnet is open to everyone! This gives everyone a chance to try out the platform before the official launch.
The launch on September 18th marks the beginning of the “Boro” phase, named after a type of dog that represents the power of BONE crushing. This phase will see the full-scale deployment of K9 Finance on Shibarium.
The final phase, “Caninae”, is scheduled for later this year and will include the launch of K9 Finance V2. This version will be fully decentralized and represent the future of liquid staking.
Get Ready for the Future of Shiba Inu
With liquid staking, Shiba Inu is taking a big step towards becoming a more flexible and user-friendly ecosystem. This will allow users to earn rewards while still having access to their tokens, opening up new possibilities for the Shiba Inu community.
