K9 Finance, a strategic partner of Shiba Inu and an active Liquid Staking Derivatives platform on Shibarium, has made an exciting announcement regarding its flagship product, Bone Crusher. This update comes shortly after the launch of K9 Finance’s native token, KNINE. In addition to being whitelisted on Shibarium’s Puppynet, this update demonstrates K9 Finance’s commitment to pioneering within the Decentralized Finance ecosystem. To help users navigate the platform, a comprehensive tutorial video has been released, covering features such as wallet connectivity, BONE token staking, knBONE token swapping, and reward claiming in KNINE, BONE, and other tokens.
The report highlights that this update offers enhanced flexibility and functionality, allowing users to interact seamlessly and securely on the platform. It also introduces crucial features that enable users to stake their Bone tokens directly through the platform while enjoying seamless wallet connections. Furthermore, the team is introducing user-centric features that greatly enhance the platform’s usability, providing greater flexibility in managing investments and making it easier to swap knBONE tokens.
To use the Bone Crusher dApp, users need to click on “connect wallet” at the upper right corner of the screen, approve the required terms and conditions, select a wallet from the options, and follow the prompts to link it to the K9 liquid staking platform. Once the connection is established, users can enter the desired amount of BONE tokens to stake. To unstake the locked assets, users can tap the “unstake” button next to the “stake” button. However, it will take up to four days for the withdrawal request to be processed. After this timeline, users can use the “claim” section to collect their knBONE rewards in BONE or KNINE.
Multiple reports confirm that Bone Crusher will debut on the Shibarium mainnet in the third quarter of 2024, following a successful trial this quarter. This update aligns with the DAO mission to integrate DeFi capabilities and is expected to significantly increase the Shibarium’s Total Value Locked (TVL), which currently stands at $2.314 million, ranking it 36th among the richest sub-chains of Ethereum.
K9 Finance is recognized as one of the major pioneers in DeFi, with its new staking feature positioning it as one of the most secure platforms in the consensus-seeking space. Additionally, being whitelisted on Shibarium’s Puppynet brings various benefits to users, including reward distribution, network security, and unique offerings.