The Shiba Inu ecosystem is experiencing significant advancements as it focuses on improving Shiboshi’s functionality and introducing SHEboshi, an ERRC-404 token. In collaboration with K9 Finance, the community is also preparing to launch KNINE, a liquid staking derivatives token, on Shibarium.
Recent developments in the Shiba Inu ecosystem have garnered attention, particularly the introduction of SHEboshi, an ERRC-404 token designed to enhance Shiboshi. LUCIE, a prominent community member, shared this announcement on X, and another member highlighted a crucial upgrade for Shibarium, Shiba Inu’s L2 solution. The community eagerly anticipates the launch of Shiboshi’s new utility on Shibarium, as it is expected to bring transformative changes to the platform.
According to LUCIE’s update, both whales and Shiboshi holders will benefit significantly from these advancements. This positive progress is reflected in Shiba Inu’s price movement on Friday, although it continues to face selling pressure. At the time of writing, the price of Shiba Inu (SHIB) is trading 2% lower at $0.000009701, with a market cap of $5.71 billion.
LUCIE’s recent post emphasizes that Shiboshi’s launch is yet to come. The community also plans to incorporate a Play-to-Earn (P2E) game into Shibarium to stimulate transactions and SHIB burns. This development instills hope in accelerating Shiba Inu’s cryptographic journey while positioning Shibarium as a leading Layer 2 solution.
Furthermore, LUCIE highlights the accumulation of whales and Shiboshi holders during this period. The Shib magazine underlines the opportunity for Shiboshi holders to claim SHEboshis for free, depending on the quantity and duration of their Shiboshi holdings. “THE SHEboshis” is an innovative experiment based on the 404 Eth Standard on Ethereum, introducing an NFT hybrid as a female counterpart to the existing Shiboshis. The aim is to attract liquidity on Ethereum and transfer it to Shibarium.
In addition to Shiboshi holders, holders of Shiba Inu ecosystem tokens BONE, LEASH, and SHIB are also expected to benefit significantly from the overall progress of the community. This is just the beginning, as the community plans to unveil substantial updates shortly after the SHEboshi claiming process begins over the weekend.
In the midst of recent developments, LUCIE, the marketing lead for Shiba Inu, announces the upcoming launch of KNINE, a liquid staking derivatives token, on Shibarium. This initiative is the result of Shiba Inu’s collaboration with K9 Finance, a DeFi platform utilizing Shibarium, the Shiba Inu L2 solution.
According to Coingape media reports, Shiba Inu’s partnership with K9 focuses on streamlining BONE staking on Shibarium. With the launch of KNINE on March 7, 2024, Shibarium is set to integrate a range of new features into the L2, marking a significant step forward for the platform.