Launch Date
Get ready, Shiba Inu fans! The K9 Finance token, a new addition to the ecosystem, will launch on March 7th.
What is K9 Finance?
K9 Finance is bringing Liquid Staking Derivatives (LSD) to the Shiba Inu ecosystem, specifically for the BONE token. This means you can stake your BONE tokens and earn rewards while still having access to your funds.
How it Works
When you stake your BONE tokens through K9 Finance, you’ll receive KnBONE tokens. These tokens can be traded or used within the ecosystem, giving you liquidity without having to unstake your BONE.
Audit Completed
To ensure security, K9 Finance has completed a comprehensive smart contract audit by SourceHat. All issues identified have been resolved.
Benefits
- Earn BONE rewards while staking your tokens
- Increased liquidity through KnBONE tokens
- Contribute to the security of Shibarium
Potential Impact
K9 Finance could significantly increase the liquidity and value of the Shibarium ecosystem. Projections suggest that $50M of BONE could flow into K9 Finance, resulting in a substantial boost to Shibarium’s TVL (Total Value Locked).
Conclusion
The launch of K9 Finance is a major step forward for the Shiba Inu ecosystem. It provides new opportunities for holders to maximize their yield and contribute to the growth of Shibarium.
