K9 Finance – The Shib Daily

K9 Finance DAO Restores BONE Staking, Unstaking Now Takes 24 Hours

Michaela — Thu, 23 Oct 2025 10:21:16 +0000

K9 Finance DAO has resumed liquid staking for BONE tokens, enabling users to convert BONE into knBONE nearly instantly while participating in the Shibarium ecosystem.

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Key points:

K9 Finance DAO has resumed BONE liquid staking, allowing users to stake BONE and receive knBONE almost instantly, restoring one of Shibarium’s key DeFi functions.
Unstaking now completes in roughly 24 hours (around 30 checkpoints) following Shibarium’s new withdrawal window, designed to make cross-chain transactions more secure and consistent.
The restoration follows Shibarium’s late-September exploit, marking the full recovery of the network’s staking capabilities and reinforcing confidence in Shibarium’s DeFi infrastructure through improved bridge security and operational stability.

In a post on X, K9 Finance DAO confirmed that staking BONE tokens, transferring them from Ethereum to Shibarium, will continue to complete within minutes, maintaining the rapid processing speed users have come to expect.

FOR IMMEDIATE RELEASE

K9 Finance Re-Enables Liquid Staking for BONE

K9 Finance is pleased to announce that Liquid Staking for BONE tokens has been successfully re-enabled.

The staking process — BONE → knBONE (ETH → Shibarium) — will continue to operate as before, with…
— K9 Finance DAO (@K9finance) October 21, 2025

Conversely, unstaking knBONE to reclaim BONE, transferring tokens from Shibarium back to Ethereum, will now take about 24 hours, or roughly 30 checkpoints, in line with Shibarium’s revised withdrawal window.

“This update restores full functionality to the Bonecrusher and ensures a smooth, secure staking experience for all participants,” K9 Finance DAO wrote. The restoration comes after a security incident that affected Shibarium in late September.

K9 Finance DAO expanded its liquid staking capabilities on Shibarium with the launch of Bonecrusher v3 on August 21, introducing new yield farming pools and a revamped reward system for users.

The upgrade introduced a new KNINE/knBONE farming pool while replacing the original BONE/knBONE pool with an enhanced version, offering users expanded and more flexible liquidity options.

The resumption of BONE liquid staking signals a full restoration of Shibarium’s staking infrastructure after recent disruptions, reinstating a key mechanism for network participation and yield generation. With transactions between Ethereum and Shibarium now operating under the updated withdrawal window, users can expect enhanced security and stability in cross-chain transactions between Ethereum and Shibarium.

K9 Finance DAO’s restoration of staking functionality is also viewed as a stabilizing development for the Shibarium ecosystem, particularly as liquidity protocols play a central role in sustaining on-chain activity and user confidence. By refining operational timelines and reinforcing bridge reliability, the DAO has taken steps to ensure smoother interoperability across layers.

As Shibarium continues to mature, the return of BONE staking not only strengthens decentralized finance (DeFi) utility on the network but also reflects growing momentum toward a more resilient, user-driven ecosystem built around transparency, accessibility, and cross-chain flexibility.

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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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K9 Finance DAO’s Bonecrusher v3 Now Brings New Pools to Shibarium

Gushiken Yona — Fri, 22 Aug 2025 10:45:44 +0000

In Brief

Bonecrusher v3 launched Aug. 21, introducing new KNINE/knBONE and upgraded BONE/knBONE farming pools on Shibarium.
Original pool deprecated Sept. 18, 2025, with rewards gradually reduced to encourage migration.
K9 Finance DAO now holds $3.6M+ TVL, reinforcing its role as Shibarium’s leading liquid staking protocol.

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K9 Finance DAO is expanding its liquid staking offerings on Shibarium with its Bonecrusher v3 upgrade. The major update, which went live on August 21, brings new yield farming pools to the network’s largest protocol by total value locked (TVL) and overhauls its reward structure for participants.

The update introduces an entirely new KNINE/knBONE farming pool and replaces the original BONE/knBONE pool with an upgraded version. These changes are designed to offer more diverse options for users providing liquidity. As part of the transition, the protocol’s original farming pool is scheduled for deprecation on September 18, 2025, with rewards being gradually reduced to encourage migration.

What is Bonecrusher?

Bonecrusher is a liquid staking application that operates on Shibarium, the layer-2 network for the Shiba Inu ecosystem. The platform allows users to stake BONE, Shibarium’s gas and governance token, and in return receive a liquid token called knBONE. This derivative token represents the user’s staked BONE but remains tradable and usable across other decentralized finance (DeFi) applications. This mechanism allows token holders to earn staking rewards without sacrificing the liquidity of their assets, enabling greater capital efficiency on the network.

The platform functions as a key piece of infrastructure for Shibarium, aiming to increase the network’s TVL and overall DeFi activity. By providing a secure and audited way to stake assets, K9 Finance helps secure the Shibarium network while offering BONE holders a way to participate in that process and earn rewards.

New Rewards and Future Plans

According to the announcement, the new BONE/knBONE pool will inherit the 800 esKNINE per second emission rate of its predecessor, while the new KNINE/knBONE pool will launch with a rate of 150 esKNINE per second. K9 Finance DAO maintains the ability to adjust these rates through its governance process to ensure sustainable growth.

FOR IMMEDIATE RELEASE

K9 Finance DAO Announces Bonecrusher v3 Upgrade, Expanding Liquid Staking Ecosystem on Shibarium

[August 20, 2025] – K9 Finance DAO, the leading liquid staking protocol on Shibarium and #1 by Total Value Locked (TVL), today announced the launch of…
— K9 Finance DAO (@K9finance) August 21, 2025

“Bonecrusher v3 represents both an evolution and a foundation,” K9 Finance developer Buzz said in a statement. “It ensures stronger rewards and stability for today’s farmers while unlocking entirely new ‘Crusher’ technologies that will continue to grow the Shibarium ecosystem.”

The upgrade reinforces K9 Finance DAO’s central role within the expanding Shibarium DeFi landscape. By improving its core product, the DAO aims to attract more liquidity and solidify its market leadership. As of the announcement, the protocol reported a TVL of over $3.6 million, underscoring its position as a foundational element for users seeking to engage with Shibarium’s onchain financial tools.

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Shibarium Gets Its First Telegram Trading Bot, BarkBot Via K9 Finance DAO

Gushiken Yona — Sat, 05 Oct 2024 07:28:47 +0000

The tantalizing aroma of innovation hangs heavy in the air, a scent familiar to the crypto world, yet distinctly different. BarkBot, the first Telegram-based trading bot built on the Shibarium network, promises to reshape the decentralized finance (DeFi) landscape, one Telegram message at a time. Its arrival marks not just a new tool for traders, but a potential catalyst for the entire Shiba Inu ecosystem.

The Shiba Inu community, affectionately known as the ShibArmy, had long yearned for a more accessible entry point into the sometimes daunting world of DeFi. Navigating complex interfaces and grappling with the intricacies of blockchain technology presented a formidable barrier for many.

BarkBot, unveiled with a stylized logo featuring a sleek, futuristic canine, aimed to dismantle that barrier. The bot, born from a collaboration between K9 Finance DAO and CoinMerge Technologies, sought to bring the power of decentralized trading directly to the familiar comfort of Telegram, a platform already woven into the daily lives of millions.

The developers envisioned a future where swapping tokens was as easy as sending a text message. No more juggling multiple applications, no more deciphering confusing charts.

BarkBot promised a streamlined, secure, and intuitive trading experience, all within the familiar confines of a Telegram chat. This simplicity, they believed, held the key to unlocking a wave of new DeFi users, expanding the reach of Shibarium and bolstering the entire Shiba Inu ecosystem.

BarkBot’s integration with Shibarium was a strategic move, designed to leverage the network’s advantages. The lower transaction fees on Shibarium translated to a more cost-effective trading experience for users.

This, coupled with the ease of use offered by the Telegram interface, positioned BarkBot as a potentially disruptive force in the DeFi space. The project aimed to democratize access to decentralized trading, empowering users who were previously sidelined by the complexities of traditional platforms.

Beyond its utility for individual traders, BarkBot also held the potential to strengthen the Shibarium network itself. Each transaction executed through the bot contributed to the growth of the $KNINE token and Bonecrusher yield, further solidifying Shibarium’s presence in the DeFi landscape. This symbiotic relationship between BarkBot and Shibarium fostered a virtuous cycle, where increased user activity fueled network growth, and network growth, in turn, attracted more users.

The future, however, remained unwritten. While the promise of BarkBot was undeniable, its success hinged on its ability to deliver on its ambitious goals. BarkBot’s launch is still unknown with K9 Finance DAO promising to unleash it “soon.”

We are excited to showcase the logo for BarkBot the first and only TG trading bot on Shibarium!

BarkBot is an open source technology supported by @K9finance in collaboration with @coinmerge , and built on #Shibarium. BarkBot doesn’t just unlock new trading… pic.twitter.com/IaQZpHd1B8
— K9 Finance DAO (@K9finance) October 4, 2024

The development team faced the challenge of navigating the ever-evolving landscape of DeFi, ensuring the security and stability of the platform, and continuously innovating to meet the needs of a rapidly growing user base. The journey had just begun, but the anticipation within the ShibArmy was electric. A new era of trading, they believed, was on the horizon.

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Shibarium Meteoric Rise Continues: TVL Surges to New All-Time High

Gushiken Yona — Sat, 28 Sep 2024 05:18:46 +0000

Shibarium, the layer-2 scaling solution for the Shiba Inu ecosystem, is experiencing a surge in popularity, attracting a growing wave of users and capital. The total value locked (TVL) in Shibarium, a key metric that reflects the overall health and adoption of a blockchain network, has reached a new all-time high, surpassing the $4 million mark and signaling a thriving ecosystem.

In the past 24 hours alone, Shibarium’s TVL has surged by an impressive 15%, reaching $4.05 million, according to data from Defillama. This surge reflected the growing confidence in Shibarium’s potential to enhance the scalability and efficiency of the Shiba Inu ecosystem, attracting developers and users alike.

Decentralized exchanges (DEXs) built on Shibarium are leading the charge in driving TVL growth. ShibaSwap, the flagship DEX of the Shiba Inu ecosystem, boasted the highest TVL among Shibarium-based protocols, with $2.57 million locked in its smart contracts. WoofSwap and ChewySwap, other prominent DEXs on Shibarium, also attracted significant capital, with TVLs of $875,114 and $471,054, respectively.

A common misconception is that DEXs like ShibaSwap are single-handedly responsible for Shibarium’s high TVL if one only looks at the data from DeFillama. While ShibaSwap does boast a substantial TVL, a closer look reveals that approximately 95% of this comes from the WBONE/knBONE liquidity pool, a product of K9 Finance’s Bonecrusher. K9 Finance’ Bonecrusher, therefore is the dominant force behind ShibaSwap’s reported TVL.

Excluding the K9 Finance pool, the TVL attributed to DEXs like ShibaSwap, WoofSwap, and ChewySwap is significantly lower. The true picture emerges when K9 Finance’s contributions are included, bringing the total Shibarium TVL closer to $7.03 million. Of this, K9 Finance itself accounts for an impressive $3.64 million, highlighting its central role in Shibarium’s financial ecosystem.

The high TVL, fueled by K9 Finance, highlighted strong user engagement and confidence in the platform. Shibarium’s faster transaction speeds, lower fees, and enhanced scalability remain attractive features for developers and users, fostering a robust and expanding ecosystem.

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Shibarium Takes Flight: Network Metrics Skyrocket Post-K9’s Bonecrusher Launch

Gushiken Yona — Thu, 19 Sep 2024 18:44:43 +0000

Shibarium, the layer-2 network of the Shiba Inu crypto project has emerged from its nascent stages with a dramatic surge in key performance indicators. The catalyst? The launch of K9 Finance DAO, a decentralized finance protocol has ignited a frenzy of activity within the Shiba Inu ecosystem.

Shibarium Transaction Fees and Network Activity Explode

Just a few hours after K9 Finance DAO’s debut, Shibarium witnessed a remarkable transformation. Average transaction fees, a barometer of network usage, skyrocketed by an astounding 1088.40%, leaping from a mere $0.00345 to $0.0410.

The total transaction fees echoed this surge, experiencing a phenomenal 1922.974% increase, jumping from 15.67 to 317. These figures paint a vivid picture of a network experiencing a rapid influx of users and transactions.

This surge wasn’t confined to fees alone. The number of new transactions, a testament to the network’s growing utility, soared by 149.7%, rising from 3,090 to 7,715. Completed BONE transfers, reflecting activity with Shibarium’s native token, surged by 128.34%, climbing from 127 to 290.

Shibarium Expansion and Developer Interest Surge

The ecosystem’s expansion was further evidenced by a 333.33% increase in the creation of new smart contracts, the building blocks of decentralized applications, jumping from a modest 6 to 26. This influx suggests a burgeoning developer community eager to leverage Shibarium’s capabilities.

User adoption metrics mirrored this explosive growth. New accounts on the platform surged by 157.14%, increasing from 42 to 108, while the number of active accounts per period saw a significant rise of 82.48%, going from 354 to 646.

K9 Finance Fuels Impressive Shibarium TVL

The driving force behind this impressive performance was undoubtedly the launch of K9 Finance DAO. Within the first hour of its debut, nearly 50% of all $KNINE tokens were staked or locked. This rapid adoption even drew comparisons to Lido, the industry titan that revolutionized liquid staking on Ethereum.

The numbers themselves told a compelling story. Approximately 62.3 billion $KNINE tokens were bridged to Shibarium just an hour after Bonecrusher’s, K9 Finance’s liquid staking solution, arrival. In the same period, the $KNINE Locked Total Value Locked (TVL) soared to 28.3 billion, while the Liquid Staked BONE TVL reached around $475,000, bringing the total TVL bridged to Shibarium to an impressive $850,000.

While these metrics paint a promising picture, it’s crucial to remember that Shibarium is still in its early stages. Its long-term success hinges on its ability to attract a diverse range of applications, projects, and users. The development team’s commitment to innovation, community engagement, and fostering a robust ecosystem will be pivotal in determining whether Shibarium can solidify its position as a leading layer-2 solution in the competitive blockchain arena.

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Shibarium Gets Liquid Staking Boost from K9 Finance DAO

Gushiken Yona — Wed, 18 Sep 2024 19:59:35 +0000

A new energy is coursing through the Shiba Inu ecosystem, a palpable buzz of excitement as K9 Finance, a rising star in the DeFi world, unleashes its Bonecrusher Mainnet upon Shibarium.

K9 Finance Boosts Shibarium

More than just another launch this development is a strategic alliance, a fusion of innovation designed to propel Shibarium to new heights. The K9 Finance mainnet, a highly awaited project, promises to enhance Shibarium’s security, boost its Total Value Locked (TVL), and drive wider adoption of this ambitious layer-2 scaling solution.

Bonecrusher, as its name suggests, is designed to break down barriers to participation in the Shibarium network. Its core functionality, liquid staking, allows users to stake their tokens while retaining liquidity, a key feature that incentivizes greater involvement in securing the network and participating in DeFi activities.

Bonecrusher Offers Four Powerful DeFi Tools for Shibarium Users

But Bonecrusher is not just your typical liquid staking–it’s a comprehensive suite of DeFi tools designed to empower the ShibArmy. The $KNINE Bone Crusher product offers four main components:

Liquid Staking: Stake ERC-20 $BONE for its liquid staking token $knBONE on Shibarium, unlocking the power of your assets while maintaining flexibility.

Real Yield Staking: Stake $KNINE to receive $BONE rewards, with the option to lock your tokens for up to 12 months to earn 13 times the rewards!

Farming: Stake $knBONE/$BONE in ShibaSwap to earn $esKNINE, maximizing your yield through participation in the Shiba Inu ecosystem.

Vesting: Unleash your $esKNINE into $KNINE rewards, gradually unlocking your earnings over time.

“As the official liquid staking partner for Shibarium, we’re proud to help strengthen the network by increasing its security and boosting its Total Value Locked (TVL),” said Buzz, the pseudonymous founder and developer of K9 Finance. “With the launch of our Bonecrusher Mainnet, we’re encouraging more transaction activity and helping to drive adoption of Shibarium. This is an exciting milestone for K9 Finance DAO, and we’re looking forward to being a key part of Shibarium’s growth,” the K9 Finance founder further said.

Bonecrusher: A Game-Changer for Shibarium

The launch of Bonecrusher came at a pivotal moment for the Shiba Inu’s layer-2 scalability solution, which has experienced both enthusiastic support and growing pains since its debut. By providing a user-friendly and rewarding staking experience, K9 Finance aims to address some of the challenges Shibarium has faced in attracting and retaining users.

The project’s commitment to decentralization and community engagement aligns closely with Shibarium’s vision of creating a more inclusive and accessible DeFi ecosystem. The Bonecrusher Mainnet is expected to foster greater community participation in securing the network, contributing to its long-term stability and growth.

The excitement surrounding the launch is palpable, with the Shiba Inu community, more popularly known as the Shib Army, showcasing its full spport to the project. The Bonecrusher Mainnet represents a significant step forward in the evolution of Shiba Inu’s L2 solution, paving the way for a more robust and vibrant DeFi ecosystem.

As Shiba Inu’s layer-2 scalability solution continues to gain traction and evolve, K9 Finance’s innovative liquid staking solution is poised to play a crucial role in unlocking its full potential.

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$KNINE Gains Momentum on Stocktwits: A Growing Trend in the K9 Partnershib

Gairika Mitra — Mon, 09 Sep 2024 18:08:54 +0000

$KNINE, the native token of K9 Finance, has captured the attention of Stocktwits, a social media platform for investors and traders.

K9 Finance took to X to make the announcement. Besides being a social platform, Stocktwits also features insights, analysis, and discussions on a wide range of topics. It has become a key hub for real-time discussions around trending tokens and stocks. As $KNINE gains traction on StockTwits, it reflects the token’s increasing visibility and growing interest among retail traders.

A trending status on Stocktwits typically indicates that a large volume of conversations, mentions, and posts are centered around a particular asset. This, in turn, often leads to increased trading activity.

Recently, K9 Finance announced that it is ready to launch its highly awaited staking solution this month. This staking solution will help SHIB holders lock up their tokens and also earn rewards in return for securing the network.

Previously, Buzz, the pseudonymous founder and developer of K9 Finance had shared the crucial role of community-driven development.

He highlighted the mission and vision of bringing decentralized finance (DeFi) to Shibarium, Shiba Inu’s layer 2 solution. “These projects are more builders to come to the ecosystem from the areas of education & DeFi,” Buzz said, referring to the winners and participants of the recent at ETH Toronto hackathon.

In a previous interview, Buzz also talked about memecoins and believed there is significant overlap between the online gambling, poker and sports betting communities to daily retail traders of the cryptocurrency.

Recently, the K9 team talked about the upcoming K9 Mainnet launch.

The launch of the Mainnet “Bonecrusher” is scheduled for September 18. Beginning Tuesday, a countdown will feature a daily reveal of key elements of the staking platform. In their post, K9 Finance pointed out that Tuesday marks the start of this countdown, with plenty to anticipate in the coming days, including updates on multiple tokens, multiple chains, liquid staking, real yield staking, farming, vesting, rewards, and details about the Bonecrusher.

The team is also giving away $100 in $KNINE daily from Tuesday until launch day.

The Countdown Begins!

9 DAYS UNTIL K9 MAINNET LAUNCH!

We're launching the #K9Finance Mainnet "Bonecrusher" in 9 days on Sept 18th!

We will reveal one key aspect of our staking platform each day for the next 9 days!

Check out what’s coming

9⃣ Countdown begins… pic.twitter.com/Yl79ZmFQSQ
— K9 Finance DAO (@K9finance) September 9, 2024

With listings on various exchanges, $KNINE is now accessible to a larger audience. Its availability across multiple platforms has resulted in substantial exposure, boosting its chances for wider adoption. This increased accessibility is attracting new investors and fueling the growth of the K9 Finance project.

The post $KNINE Gains Momentum on Stocktwits: A Growing Trend in the K9 Partnershib first appeared on The Shib Daily.

Buzz Reaffirms Crucial Role of K9 Finance DAO in Supporting Decentralized Governance

Lawrence Damilola — Mon, 02 Sep 2024 20:58:32 +0000

Buzz, the pseudonymous founder and developer of K9 Finance, emphasized the DAO’s pivotal role in fostering and maintaining decentralized governance within the crypto ecosystem.

“In our DAO, we have recognized the need for dissenting opinions and voices in the room with different levels of context and unique ways of framing problems to make all stakeholders think differently from other angles,” Buzz said in an X post. He emphasized the importance of diverse perspectives within the decision-making process, stating, “This diversity of thought is essential for ensuring that our DAO remains fair, transparent, and accountable to all members.

Buzz also expressed a willingness to contribute to the Shiba Inu community’s governance if necessary. He stated that if CHOICE 1 were to win, he would be open to serving as a signer on the multi-sig to ensure the best interests of the broader SHIB community.
He added that K9 DAO Finance would respect the decision of the SHIB community regardless of the outcome, stating, “If this is of value to the Shib community, I am happy to assist. If not, I am confident the community will make the beneficial decision for us all.”
Buzz’s statement comes from the ongoing DAO vote within the Shiba Inu (SHIB) community, which is currently deciding how to allocate 37.5 ETH in community funds

With “Choice 1” leading in the SHIB vote, which involves placing the funds in a new multisig wallet managed by five appointed members, Buzz expressed support for decentralized governance and the efforts of the SHIB team to bring the decision to a community vote. “I vehemently advocate for decentralized decision-making and applaud Shy & the team for paving the way to take this to a community vote,” he remarked.

Buzz also mentioned the complex history of tokens like SHIB and the different narratives that can emerge in decentralized communities. “The history of Shib, and many other tokens, becomes like folklore. Rarely written down, but often spoken about, which can cause multiple iterations of what different factions believe to be the truth,” he noted, stressing the importance of clarity and recorded governance processes.

The K9 Finance DAO has operated as a decentralized autonomous organization for over six months with nine to 19 dedicated members, each elected to one-year terms. It has conducted over 12 decentralized votes, approved 12 voted-in DAO members, and executed over 25 community-led proposals.

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Exclusive: K9 Finance Founder Reveals What’s Next After ETHToronto Hackathon Champions’ Announcement

Lawrence Damilola — Sat, 31 Aug 2024 15:09:48 +0000

Fresh off the heels of their ETHToronto hackathon bounty success, K9 Finance is setting its sights on nurturing the burgeoning Shibarium developer ecosystem.

In an exclusive interview, Buzz, the psuedonymous founder and developer of K9 Finance, the official liquid staking derivatives platform on Shibarium, outlined the DAO’s vision for the future, highlighting the critical role community-driven development plays in their roadmap.

“Our mission and vision is to bring DeFi to Shib via Shibarium. These projects are more builders to come to the ecosystem from the areas of education & DeFi,” Buzz said, referring to the winners and participants at the recent 2024 ETHToronto K9 FINANCE DAO BOUNTY initiative. “It’s great to see more builders deploying on Puppynet. As we begin to train the next generation of Shibarium developers it’s important to welcome & embrace them to the ecosystem,” he added.

The ETHToronto hackathon showcased the innovative potential of the Shibarium ecosystem, with three winning projects – Chewy Launchpad, ShibaQuests, and the Shibarium Voting DAPP – demonstrating groundbreaking solutions built on the layer-2 scaling solution for Shiba Inu. K9 Finance recognized these projects not just as individual achievements, but as vital contributions towards fostering a vibrant and self-sustaining developer community.

“It’s up to these projects themselves to continue their work on Shibarium after the hackathon, but K9 Finance DAO will provide the guidance as much as we can in terms of advisory to encourage them to do this. We want to shepherd the next generation onto the chain,” the K9 Finance founder shared.

Beyond the hackathon, K9 Finance is taking a multi-pronged approach to cultivating this community. “We have prioritized strong documentation for our product. Our product launch is September 18th, so it’s early to speculate on which builders may be waiting to build on top of K9 Finance DAO,” Buzz revealed.

He further emphasized their commitment to nurturing emerging talent: “We must be ready to pass the torch to the next generation of Shibarium builders who will have even more energy, ideas, and ingenuity than our own. We are prioritizing education, awareness, and celebration of new builders to give the proper tools for building on top of Shibarium & K9.”

This commitment is further solidified by concrete actions. “We have invited all hackathon winners to attend our Weekly DAO Spaces to promote their build and meet the community to encourage them to continue building on Shibarium,” Buzz shared. This proactive engagement, combined with a focus on providing resources and support, underscores K9 Finance’s dedication to building a thriving and collaborative developer community around their platform, ultimately driving innovation and growth within the Shibarium ecosystem.

K9 Finance acknowledged the challenges inherent in expanding its footprint within the decentralized finance space. Buzz identified the upcoming product launch on September 18 as their immediate focus, particularly “creating the proper incentive mechanisms within the product to reward participants favorably and create a flywheel effect for growth.”

To address this, K9 Finance is taking a community-driven approach. “The DAO is in the process of studying other successful token incentive models such as GMX and will be issuing a formal proposal to the DAO in the coming days for the community to define the parameters for rewards to different stakeholder groups using the K9 product,” Buzz revealed.

Furthermore, the K9 Finance founder emphasized the importance of community involvement in shaping the platform’s future: “The DAO will vote on these parameters and be able to review research and rationale and have a formal discussion to adjust these fees & rewards to ensure fairness and equitable involvement for the entire community.”

K9 Finance’s journey from ETHToronto hackathon sponsor to championing a vibrant Shibarium developer community highlights their long-term vision for decentralized finance. Its commitment to fostering innovation through education, support, and community involvement sets them apart.

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Shiba Inu Ecosystem Heats Up: K9 Finance Announces Arrival Of Liquid Staking to Shibarium

Gushiken Yona — Wed, 14 Aug 2024 03:15:10 +0000

K9 Finance is shaking up the staking landscape with its launch of liquid staking on Shibarium, offering a unique blend of security, flexibility, and DeFi opportunities for users. The service, going live on Sept. 18, allows users to stake their BONE tokens and receive tradable knBONE tokens, opening doors to a new world of decentralized finance within the Shiba Inu ecosystem.

The buzz around this launch is already building, especially after their recent tweet: “Liquid staking is coming to the Shiba Inu L2 on September18. The $KNINE testnet will be live to the general public after the ETH_Toronto.”

ANNOUNCEMENT

Liquid staking is coming to the @Shibtoken L2 on SEPTEMBER 18th

The $KNINE testnet will be live to the general public after the @ETH_Toronto & @Futurist_conf

Launching September 18: Liquid Staking on @ShibariumNet pic.twitter.com/YMFEnz1kLI
— K9 Finance DAO (@K9finance) August 13, 2024

So, what exactly does this mean for the Shiba Inu community and the broader DeFi space?

Liquid staking offers a compelling alternative to traditional staking methods, allowing users to participate in network security while retaining control and flexibility over their assets. The process is simple.

By depositing your tokens, K9 Finance will handle the staking process, and in return, users receive knBONE—a liquid staking token on the Shibarium network. This isn’t just some run-of-the-mill token; knBONE is like a tradable receipt, representing your stake. The best part? You can trade it freely, similar to regular cryptocurrencies, or even use it as collateral in other DeFi applications.

When it’s time to cash out, the process is seamless. You send your knBONE back to the Shibarium network, and you’ll receive your Ethereum BONE, complete with staking rewards. For those who value speed, there’s an instant withdrawal option with a small fee. But if you prefer to play the long game, you can opt for a request withdrawal, where you’ll receive an unstBONE request NFT and avoid fees altogether.

K9 Finance’s psuedonymous founder, Buzz, isn’t just excited about this new feature—he sees it as a broader boon for the Shibarium ecosystem. “A rising tide lifts all boats, and K9 DAO benefits greatly with the further adoption of Shibarium,” he said in May, emphasizing that a higher Total Value Locked (TVL) on Shibarium could significantly benefit all Shib-related projects. Buzz believes that Shibarium is undervalued and ripe for opportunity, making this launch a critical step forward.

The announcement of K9 Finance’s Liquid Staking launch on Shibarium comes hot on the heels of the $KNINE token getting listed on Gate.io, one of the major cryptocurrency exchange platforms. This strategic timing underscores the momentum building around K9 Finance and its growing influence in the DeFi space, further cementing its place in the Shiba Inu ecosystem.

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K9 Finance Partners with Gate.io for $KNINE Token Integration

Lawrence Damilola — Tue, 13 Aug 2024 18:17:00 +0000

K9 Finance has announced a partnership with Gate.io, a prominent cryptocurrency exchange. This collaboration includes integrating $KNINE, the native token of K9 Finance, into Gate.io’s platform and various marketing activities.

Gate.io has confirmed the partnership by revealing an airdrop of 3,856,135,846 $KNINE tokens. The airdrop is part of Gate.io’s Startup Free Offering program and is available exclusively to $GT token holders. The event is scheduled to begin on August 14, 2024, at 11:00 a.m. (UTC), and will conclude on August 16, 2024, at 03:00 PM (UTC). Following the airdrop, $KNINE will be available for trading on the Gate.io platform.

LISTING ANNOUNCEMENT

K9 DAO has partnered with @gate_io to integrate $KNINE & for a variety of marketing & growth activities

Friday Aug 16 3:00pm UTC

More to come… WOOF https://t.co/ephZq2wAJM
— K9 Finance DAO (@K9finance) August 13, 2024

Users with higher asset balances in their Gate Web3 Wallets will have a greater probability of receiving $KNINE tokens. Participation in the lottery does not require any additional funds beyond the minimum wallet balance.

Gate.io’s Web3 Startup platform will host the airdrop event for K9 Finance DAO. The platform would offer a chance for users to receive tokens through a lottery system. To participate, users must connect their Gate Web3 Wallet and ensure they have assets worth at least $10 across all supported chains.

Participants can claim their share of the airdrop by visiting Gate.io’s website. The airdrop is aimed at engaging the Gate.io community and providing an opportunity for $GT holders to acquire $KNINE tokens.

K9 Finance DAO operates as the official liquid staking service provider for Shibarium, Shiba Inu’s Layer 2 blockchain. The DAO functions as a validator for the Shibarium network and offers decentralized finance (DeFi) services to its users. The $KNINE token, built on the ERC-20 standard, is central to K9 Finance’s operations within the Shibarium ecosystem.

Also, K9 Finance will take the WonderFi Main Stage at the Blockchain Futurist Conference, where representatives from the DAO are expected to make an important announcement. Attendees can engage with the K9 Finance team and participate in social media activities using $KNINE to get a chance to win prizes.

The post K9 Finance Partners with Gate.io for $KNINE Token Integration first appeared on The Shib Daily.

K9 Finance Set to Be Listed on Gate.io Ahead of Blockchain Futurist Conference 2024

Gairika Mitra — Mon, 12 Aug 2024 14:53:20 +0000

Just a few hours before the Blockchain Futurist Conference 2024, K9 Finance is set to be listed on Gate.io, one of the largest and most reputable crypto exchanges. Random Artz, a YouTuber and crypto enthusiast, predicted that K9 Finance could be listed on Gate.io or even Binance and Coinbase.

He highlighted that K9 Finance, the official liquid staking platform for Shibarium, SHIB’s layer 2 solution, holds a distinct status that could land it among prominent crypto exchanges like Binance, Coinbase, and Gate.io. He also shared that the announcement could happen 100 times sooner than anticipated.

In the video, Random Artz also talked about APIs on K9’s website, noting that there are five active exchanges and Gate.io has not joined the list yet. However, Buzz, the pseudonymous founder and developer of K9 Finance, praised Gate.

Talking exclusively to The Shib Daily, Buzz shared that Gate is the largest exchange that integrates Shibarium. “As the official liquid staking solution for Shibarium, our partnership with Gate made a lot of sense for both parties,” he said.

“The DAO is excited to increase our presence in Asia and on more Tier 1 exchanges moving forward. The two teams were able to recognize ongoing development delivery, steady growth in key metrics, and a firm vision that the DAO is committing to. It’s recognition that serves as a stepping stone for more and more growth,” he added.

Gate.io and Shibarium are both important players in the cryptocurrency space, with each of them contributing to DeFi’s growth and accessibility. K9 Finance being listed on Gate could mean a huge boost to the project’s accessibility and adoption.

As of 10 a.m. EST, $KNINE, K9 Finance’s DAO membership token, is trading at $0.00002552, seeing a surge of 64.06% as compared to this time on Sunday, according to CoinMarketCap data.

The post K9 Finance Set to Be Listed on Gate.io Ahead of Blockchain Futurist Conference 2024 first appeared on The Shib Daily.

$BONE Officially Listed on WEEX Spot; K9 Finance Optimistic About Future Prospects

Gairika Mitra — Fri, 02 Aug 2024 13:58:14 +0000

$BONE, the governance token for the ShibaSwap DEX and the gas fee token of Shibarium, recently got listed on WEEX Spot, a user-friendly crypto futures trading platform, marking a huge development for Shibarium.

This listing marks the third collaboration with a unit from the Shiba Inu ecosystem. WEEX previously partnered with K9 Finance, Shiba Inu’s DeFi partner.

WEEX, famous for bringing top-tier projects to its platform, announced the listing on X. Its listing of BONE and collaboration with K9 Finance aims to elevate the presence of the $SHIB community within the cryptocurrency space as a whole.

Thrilled to announce that $BONE is now officially listed on WEEX Spot!

This marks the third project WEEX has partnered with @K9Finance & @buzzdefi0x, bringing the best projects from the $SHIB community to our platform.

Trade $BONE here with0⃣fees: https://t.co/YKoNvCLZax… pic.twitter.com/7ex8OTqfgU
— WEEX (@WEEX_Official) July 31, 2024

In a statement to The Shib Daily, Turtle, the head of operations at K9 Finance, expressed his excitement regarding the listing. He acknowledged the utility and accessibility of $BONE and believed that the listing is a step towards greater adoption and integration of the Shibarium, Shiba Inu’s layer 2 network.

“Partnering with WEEX to bring the best of the $SHIB community to their platform aligns perfectly with our mission at K9 Finance DAO. This listing not only enhances the utility and accessibility of Shibarium’s native gas token but also paves the way for greater adoption and integration. As we continue to collaborate with innovative platforms like WEEX, we are committed to driving growth and creating robust DeFi opportunities within the Shibarium ecosystem,” he said.

Turtle holds extensive experience with blockchain and has spearheaded the implementation of the DAO governance process and its underlying technical platforms. Right now, he’s working closely with the marketing, development, and community teams at K9 Finance.

Recently, K9 Finance also announced their gold sponsorship for the ETH hackathon, where they are offering a $10,000 bounty to encourage developers to build on Shibarium. They previously shared with The Shib Daily that the hackathon event is already seeing interest from many developers both within and outside the Shibarium network.

The post $BONE Officially Listed on WEEX Spot; K9 Finance Optimistic About Future Prospects first appeared on The Shib Daily.

Shib Army Unleashes Powerful Campaign for KNINE Listing on Gate.io

Gushiken Yona — Tue, 16 Jul 2024 00:48:23 +0000

The Shib Army is mobilizing its vast network to advocate for the listing of KNINE, the native token of K9 Finance, on Gate.io.

The move comes after Gate.io quietly added support for SHIB and LEASH on the Shibarium network, further solidifying its commitment to the Shiba Inu ecosystem. The Shib Army buzzed with excitement when Gate.io began supporting SHIB and LEASH directly on Shibarium.

Although the exchange had not officially announced this feature, the news spread quickly after Maximous (@MaximousDarwin on X), a trusted community voice and Shibarium communication channel moderator, shared screenshots revealing the expanded support. Buzz, the pseudonymous founder of K9 Finance, seized the opportunity to directly appeal to Gate.io, highlighting KNINE’s integral role within the official Shiba Inu ecosystem.

In a series of tweets, Buzz emphasized that KNINE is the sole project missing from Gate.io as the official Shiba Inu ecosystem and its other partner Bad Idea IA are already in the exchange. He further underscored K9 DAO’s position as the official liquid staking solution for SHIB, further solidifying KNINE’s importance.

Gate.io acknowledged the request, stating they were not yet aware of any listing plans for KNINE but encouraged the community to monitor their announcement page for updates. Buzz promptly responded, confirming that K9 Finance has been in direct contact with Gate.io agents to provide additional information and expedite the listing process.

“Thank you for the response @gate_io. $KNINE is the only project missing from the official @Shibtoken ecosystem of projects and the token is now live on @ShibariumNet as well, which is a network that Gate supports. K9 DAO is the official liquid staking solution for the $SHIB ecosystem. We have followed up with the agents in a group chat to provide further updates to expedite a listing for the community,” Buzz told the exchange via an X post.

This groundswell of support from the Shib Army demonstrates the community’s unwavering dedication to expanding the reach of KNINE and strengthening the Shiba Inu ecosystem as a whole. While Gate.io has yet to officially announce a decision regarding the listing, the community’s enthusiasm and persistent advocacy may prove to be a decisive factor.

This campaign came on the heels of two major milestones for K9 Finance: the listing of KNINE on ShibaSwap, the prominent Shiba Inu DEX, and the activation of the K9 DAO validator node on the Shibarium mainnet. These achievements further underscore KNINE’s growing prominence and utility within the Shiba Inu ecosystem.

The post Shib Army Unleashes Powerful Campaign for KNINE Listing on Gate.io first appeared on The Shib Daily.

KNINE Officially Launches on ShibaSwap After Validator Node Goes Live On Shibarium

Gushiken Yona — Thu, 11 Jul 2024 12:36:23 +0000

KNINE, the native token of K9 Finance, the official liquid staking platform on the Shibarium blockchain, is now officially available on ShibaSwap, the prominent Shiba Inu DEX. This landmark event marks a significant milestone in the project’s roadmap and further strengthens its ties within the Shiba Inu ecosystem.

Buzz, the pseudonymous founder and developer of K9 Finance, emphasized the strategic importance of the launch, in an exclusive statement to The shib Daily. “The launch on ShibaSwap memorializes our official launch as a Shibarium-supported token and is an important step in our roadmap to allow KNINE to be staked on Shibarium using the K9 product,” he said.

This move aligns with K9 Finance’s commitment to expanding its presence across all major Shibarium markets and collaborating with key partners on the chain. But K9 Finance is not stopping there. “K9 DAO will have a presence on all major Shibarium markets to work with partners on the chain. Our launch on ShibaSwap is a next step in our commitment to be integrating into the official Shib products as an official Shiba partner,” Buzz added.

The listing on ShibaSwap enhances KNINE’s accessibility and liquidity, opening it up to a broader user base within the Shibarium community and the broader Shiba Inu ecosystem. This increased exposure can lead to a surge in trading volume and potentially drive the token’s value. Moreover, the integration with ShibaSwap allows KNINE holders to participate in various DeFi activities, such as yield farming and liquidity provision, further boosting the token’s utility.

#BridgeToShibarium $KNINE is now live on @ShibaSwapDEX

CA: 0x91fbB2503AC69702061f1AC6885759Fc853e6EaE

Official ShibaSwap Link:https://t.co/p5TavczKx8 pic.twitter.com/ptOL0si8aO
— K9 Finance DAO (@K9finance) July 10, 2024

For K9 Finance as a whole, the ShibaSwap listing solidifies its position as a key player in the Shibarium ecosystem. As an official Shiba Inu partner, K9 Finance’s presence on ShibaSwap strengthens its relationship with the broader community and opens up avenues for future collaborations. The increased visibility and adoption can also attract new users to K9 Finance’s liquid staking platform, driving the growth of the entire project.

Just last week, K9 Finance achieved another significant milestone by activating its K9 DAO validator node on the Shibarium mainnet. The was another significant milestone for K9 Finance, solidifying its position as an official validator on the network.

This achievement underscores the project’s dedication to bolstering the security and decentralization of the Shibarium ecosystem, further establishing its role as a key player in the burgeoning Shibarium DeFi landscape.

The future looks bright for KNINE, and this listing is just the beginning of its promising trajectory. K9 Finance has consistently proven itself a trailblazer in the industry, being one of the most active and passionate partners pushing for groundbreaking solutions on Shibarium. The project’s commitment to innovation, coupled with its dedication to the security and decentralization of the Shibarium ecosystem, positions KNINE for continued growth and adoption.

As Shibarium continues to evolve and mature, KNINE is poised to play a pivotal role in shaping its DeFi landscape, offering users a compelling opportunity to participate in a vibrant and expanding ecosystem.

The post KNINE Officially Launches on ShibaSwap After Validator Node Goes Live On Shibarium first appeared on The Shib Daily.

Exclusive: K9 Finance Validator Node Goes Live on Shibarium

Gushiken Yona — Mon, 08 Jul 2024 16:14:58 +0000

K9 Finance, the official liquid staking derivatives (LSD) platform of Shibarium, Shiba Inu’s innovative layer-2 scalability solution, has achieved a major milestone by activating its K9 DAO validator node on the Shibarium mainnet.

This achievement, marking K9 Finance as the 13th official validator on the network, underscores the project’s dedication to bolstering the security and decentralization of the Shibarium ecosystem.

In an exclusive interview with The Shib Daily, Buzz, the pseudonymous founder and developer of K9 Finance, emphasized the significance of this development. “Becoming a validator is an honor,” he said, highlighting the critical role validators play in ensuring the integrity and robustness of the blockchain network. By validating transactions and blocks, K9 Finance is actively contributing to the security and reliability of Shibarium.

Beyond the technical responsibilities of a validator, K9 Finance’s involvement in the Shibarium network opens up exciting opportunities for the broader community. “While the benefits to the broader community may not be immediate, it’s a step towards launching the K9 DAO liquid staking product, which will give liquidity on those delegating their BONE to a validator ,” he said.

Buzz elaborated on the benefits of this upcoming product, explaining, “As a BONE holder, you will be able to delegate to a validator, earn, and receive a liquid staking token called knBONE in return, which you can stake and farm on the K9 product to amplify your reward rate.” This not only enhances the utility of BONE tokens but also incentivizes greater participation in the Shibarium ecosystem.

K9 Finance’s commitment to the Shibarium community extends beyond its role as a validator. By actively participating in the validation process, K9 Finance is establishing itself as a key player in the burgeoning Shibarium DeFi landscape. This aligns with the project’s overarching mission to pioneer DeFi adoption on Shibarium, fostering innovation and growth within the ecosystem.

Buzz reassured the Shib Army, the passionate community of the Shiba Inu crypto project, of K9 Finance’s dedication to upholding the highest ethical standards and operational excellence in maintaining the validator node. “We’re committed to maximizing the security and reliability of the Shibarium chain,” he asserted, “while also ensuring that $KNINE stakers and lockers receive the maximum possible rewards.”

The activation of the K9 DAO validator node on the Shibarium mainnet is a significant step forward for both K9 Finance and the Shibarium ecosystem. This milestone not only strengthens the network’s infrastructure but also sets the stage for further innovation and growth in the decentralized finance space, solidifying Shibarium’s position as a leading player in the ever-evolving world of blockchain technology.

The post Exclusive: K9 Finance Validator Node Goes Live on Shibarium first appeared on The Shib Daily.

KNINE Token Skyrockets in Visibility with Premier Market Data Platform Integration

Gushiken Yona — Thu, 04 Jul 2024 12:46:32 +0000

K9 Finance, the official partner of Shiba Inu, has just made a major move to boost its presence in the crypto world with a recent integration of its native token, KNINE, into a popular crypto market data aggregator, opening the door to a massive new audience of potential investors and users.

The official X account of K9 Finance DAO announced the latest development on the social media platform and highlighted the significance of this integration. “The $KNINE token is integrated into CoinPaprika! This means better tracking and wider exposure for K9 Finance DAO! Moreon K9 Finance DAO Market data: More impressions on $KNINE as users interact with their aggregated market data Users utilizing their crypto portfolios are now more likely to discover $KNINE. As official partners of @Shibtoken, It’s important we are present in all the same platforms as the big dogs,” the X post read.

This integration marked a pivotal moment for KNINE holders. By being listed on CoinPaprika, one of the leading market data aggregators, KNINE expanded its visibility to a broader audience. This platform aggregates market data from various sources, providing users with comprehensive insights into their crypto portfolios. The increased exposure meant that users exploring their portfolios on CoinPaprika were now more likely to encounter $KNINE, potentially driving more interest and investment in the token.

Additionally, KNINE integration into CoinPaprika allowed for better tracking of the token’s market performance. Investors and potential holders could now monitor the token’s price movements, trading volume, and market capitalization more efficiently. This transparency is crucial for building investor confidence and fostering a more informed trading community.

For KNINE holders, this integration is a reason to celebrate. Increased exposure on a prominent platform like CoinPaprika could translate to higher demand, greater liquidity, and potentially a significant price boost. As K9 Finance DAO continues to expand its reach and build anticipation for its upcoming Shibarium launch, the CoinPaprika integration is a powerful catalyst that could propel KNINE to new heights.

This recent development came hot on the heels of KNINE’s recent integration with Coinbase Wallet, providing users with seamless management of their tokens within the popular platform. This integration, coupled with the CoinPaprika listing, reinforces K9 Finance DAO’s position as a rising star in the Shiba Inu ecosystem.

With its upcoming launch on Shibarium, Shiba Inu’s Layer 2 solution, K9 Finance DAO is poised to leverage this heightened visibility and further boost the utility and appeal of the KNINE token. This strategic positioning within the Shiba Inu ecosystem, along with the recent integrations, could propel KNINE to new heights as it becomes more accessible and visible to a broader audience.

The post KNINE Token Skyrockets in Visibility with Premier Market Data Platform Integration first appeared on The Shib Daily.

K9 Finance Exceeds Expectations, Secures Major Milestone With Global CEX Integration

Gushiken Yona — Tue, 02 Jul 2024 10:18:53 +0000

K9 Finance has shattered expectations by securing a major integration with global cryptocurrency exchange giant Coinbase. This landmark achievement not only marks a significant milestone in the project’s roadmap but also demonstrates the team’s ability to surpass their ambitious goals.

Earlier this week, K9 Finance took to X (formerly Twitter) to announce the integration of $KNINE with Coinbase Wallet. In its post, the team highlighted the enhanced ease and accessibility this integration provides for $KNINE holders, who can now manage their tokens directly within Coinbase Wallet.

The integration with Coinbase Wallet comes on the heels of a series of impressive achievements for K9 Finance. The project has not only met its initial goals but has exceeded them in several areas.

K9 Finance has not only achieved but exceeded several significant milestones. The $KNINE token is now live on the testnet, with the validator also active on the testnet. Additionally, $KNINE has been deployed on ShibariumNet, and the end-to-end product is fully operational on the testnet.

The token has also been listed on three major exchanges: CoinW, LBank Exchange, and WEEX Official. These listings have significantly increased the token’s visibility and accessibility, allowing a broader range of users to trade and invest in $KNINE.

K9 Finance has established a Shibarium partner program with WEEX Exchange and conducted six successful DAO votes, setting budgets, tax frameworks, and making key decisions. These votes underscore the decentralized and collaborative nature of the K9 Finance ecosystem.

The project has formed strategic partnerships with ETH Toronto and ApeBond, published a research report with Alpha Sigma Fund, and has been featured on national television twice. These accomplishments have substantially boosted K9 Finance’s credibility and visibility in the DeFi space.

In a move to honor Ethereum co-founder Vitalik Buterin, K9 Finance burned 410 million $KNINE tokens. The project has also opened its whale chat to holders with 400 million $KNINE, offering monthly perks to these significant stakeholders.

K9 Finance has hosted the first-ever Spaces event with Shibtoken, created marketing partnerships with top industry leaders in DeFi, and launched TikTok and Facebook campaigns. The project has established Vietnamese and Brazilian K9 Unit communities to expand its global reach.

$KNINE has been integrated into more than 12 data platforms, including Ledger and Trezor hardware wallets, and its circulating supply has been verified on CoinMarketCap, CoinGecko, and DEXTools. Additionally, the K9 DAO treasury has been allocated to liquid staking and lending products, and the project has purchased a significant amount of $BONE.

K9 Finance pseudonymous founder and developer Buzz recently expressed his satisfaction with the team’s progress in Q2, stating on Twitter that they “crushed it” for the $KNINE DAO. He also revealed the next step in their roadmap: deploying their developments to the front end for the K9 community, also known as the K9Unit.

The post K9 Finance Exceeds Expectations, Secures Major Milestone With Global CEX Integration first appeared on The Shib Daily.

EXCLUSIVE: Kusama ‘Excited’ for ‘DeFi Dominance’ as K9 Finance Lands a One-Two Punch: WEEX Listing, Shibarium Integration

Gushiken Yona — Mon, 10 Jun 2024 21:13:23 +0000

Shytoshi Kusama, the pseudonymous lead developer behind the Shiba Inu crypto project, expressed his excitement for the project’s growing “DeFi dominance” as K9 Finance, a key partner and major player in the Shiba Inu ecosystem, lands a powerful one-two punch. The official liquid staking derivative (LSD) platform on Shibarium, has secured a listing for its $KNINE token on the Singapore-based WEEX exchange while simultaneously announcing the CEX’s groundbreaking integration with the SHIB’s layer-2 network.

The official X (formerly Twitter) account of K9 Finance DAO announced on Monday a significant double victory for the Shiba Inu ecosystem. This strategic move not only opens doors for increased liquidity and trading volume for $KNINE but also positions Shiba Inu as a major player in the decentralized finance arena, a development that has led developer Kusama “excited” for the future.

“I’m excited to see more adoption and growth on all things Shib,” Kusama exclusively shared with The Shib Daily. “This collaboration takes one step closer to defi-dominance.”

The collaboration between K9 Finance and WEEX offers exclusive benefits to Shibarium users, including zero trading fees, a 50% trading fee discount forever, and early access to deposits. Trading of $KNINE on WEEX is set to begin on June 11th at 9:30 AM EST. To celebrate this milestone, Shibarium users who sign up to WEEX through the K9 DAO will enjoy a range of benefits, including 0% trading fees effective immediately and a “50% trading fee discount forever.”

Furthermore, WEEX pledged to list more Shibarium projects following its integration on Shiba Inu’s layer-2 platform, signaling a commitment to the growing Shiba Inu ecosystem. This collaboration is further solidified by its sponsorship of ETH Toronto, where it will engage in on-person activities to drive user adoption of Shibarium.

$KNINE listing on Asian-based @WEEX_Official

BONUS: Weex will be integrating the @ShibariumNet chain due to our partnership

MEGA BONUS: Shibarium users who sign up to WEEX through K9 DAO will receive

0% trading fees NOW
50% trading fee discount forever

SIGNUP… pic.twitter.com/2CSEcOU2XT
— K9 Finance DAO (@K9finance) June 10, 2024

Buzz, the pseudonymous founder and developer of K9 Finance, stated, “With K9 our DAO mission is to bring DeFi to Shibarium, and as an official Shibarium development advocate, we felt this was a great way to bring more adoption to the chain. It will bring more opportunities to projects on Shibarium who want to list their project on exchange,” the K9 Finance founder said.

“Right now, Gate is the only prominent exchange that integrates the chain and it is used as a bridge for many users as well to bridge their assets over to Shibarium. Weex integrating Shibarium is another pathway for users to get onto Shibarium, and for projects already on Shibarium to get more exposure.“

K9 Finance’s commitment to bringing WEEX to Shibarium fulfills a core promise in its partnershib with Shiba Inu. The move embodies the ethos of Ryoshi, Shiba Inu’s pseudonymous creator, who emphasized the importance of honoring and protecting the Shiba brand. By facilitating the WEEX integration, K9 Finance expands the utility of the Shiba Inu token and provides a platform for other legitimate Shibarium projects to flourish.

This strategic approach aligns perfectly with Ryoshi’s vision:

“My job, my job is to defend the line and the brand. From the beginning, it is always the same. SHIBA is SHIBA. That is all. Anybody who comes and honors the Shiba walks equal with me. Anybody who comes and attempts to leech from the Shiba is a scammer and placed into exile. Thankfully, there are some that had the ears to listen and heard the call and effect became Shiba with us. Some are named and you know some are unnamed and equally important. What matters is that we are united in the core of the vision, being Shiba as the pure actualization of a decentralized and perpetual community.”

WEEX, a top-30 exchange on CoinMarketCap with an audited Proof-of-Reserves, boasts 3 million users concentrated in China, India, Turkey, and Korea, offering both spot and futures markets.

The post EXCLUSIVE: Kusama ‘Excited’ for ‘DeFi Dominance’ as K9 Finance Lands a One-Two Punch: WEEX Listing, Shibarium Integration first appeared on The Shib Daily.

$KNINE Milestone: Supply Validations by Leading Crypto Platforms Confirm Market Presence

Gushiken Yona — Thu, 06 Jun 2024 17:22:24 +0000

KNINE, the driving force behind K9 Finance’s liquid staking derivative platform, has taken a giant leap forward in solidifying its place in the crypto world.

The token recently achieved a major milestone: the official verification and integration of its circulating supply on both CoinMarketCap (CMC) and CoinGecko – two of the most reputable and widely used cryptocurrency data platforms.

This dual validation, a significant coup for KNINE, was announced by K9 Finance DAO on X (formerly Twitter) with separate posts for each platform: “Supply Now Verified on @coingecko $KNINE circulating supply API has been accepted and integrated into the Coingecko database” and “Supply Now Verified on CoinMarketCap. $KNINE circulating supply API has been accepted and integrated into the CMC database.”

This verification process, known for its rigor, ensures the accuracy and reliability of KNINE’s circulating supply data. This level of transparency is a critical factor to boost investor confidence, especially in the crypto market where misinformation can be rife. A verified circulating supply allows investors to accurately assess the token’s market capitalization, gauge liquidity, and make well-informed investment decisions.

The implications of this achievement are far-reaching. The increased visibility on CoinMarketCap and CoinGecko, known for their vast user base and influence, exposes KNINE to a wider audience of potential investors. This exposure, coupled with the enhanced credibility that comes with verified data, is likely to foster trust and attract more serious investors to the KNINE token.

Furthermore, the transparency around the circulating supply builds a strong foundation of trust within the KNINE community, an essential ingredient for the long-term success and adoption of any cryptocurrency. With increased confidence in the token’s legitimacy, KNINE may also find it easier to secure listings on other exchanges, further boosting its liquidity and accessibility.

The significance of this milestone cannot be overstated. It marks a pivotal moment in KNINE’s journey, setting the stage for greater investor engagement, increased market visibility, and enhanced credibility in the competitive crypto landscape. As KNINE continues to innovate in the liquid staking derivative space, this recent achievement serves as a testament to its commitment to transparency and its potential for continued growth and success.

As of 12:58 p.m. ET on Thursday, $KNINE was trading at $0.00003179 with a 24-hour trading volume of $774,578. This represents a 19.62% fall in its price in the last 24 hours, a 17.74% plummet in the past seven days, and a 10.18% decrease in price over the last 30 days. KNINE has a current market cap of $4,335,227 and a circulating supply of 136,365,133,176 KNINE, latest data from CoinMarketCap showed.

Disclaimer: Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice.

The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

The post $KNINE Milestone: Supply Validations by Leading Crypto Platforms Confirm Market Presence first appeared on The Shib Daily.

Unstoppable: Shiba Inu Burn Rate Soars to Five Digits, Defying Recent Dip

Gushiken Yona — Tue, 04 Jun 2024 16:22:49 +0000

The Shiba Inu (SHIB) community is abuzz with excitement as the token’s burn rate defies recent declines and soars to an unprecedented five-digit figure. This unexpected surge has reignited enthusiasm among the Shib Army and the broader Shiba Inu community, actively working to reduce the circulating supply of SHIB and potentially increase its value.

The Shiba Inu burn mechanism involves sending SHIB tokens to a “dead wallet,” a cryptocurrency wallet with inaccessible private keys, removing them from the market forever. This deflationary measure decreases the total supply of SHIB, making the remaining tokens more scarce and potentially driving up their price.

Earlier this month, a massive token burn of over 21.5 million SHIB coins took place, resulting in a staggering 16,593% increase in the burn rate. This impressive feat follows a previous week’s decline of 71.87%. The majority of this impressive burn was attributed to a single transaction by an anonymous crypto whale, who transferred a whopping 21,315,658 SHIB to a dead wallet just a few hours ago. This substantial contribution to the burn rate reflects the growing interest and commitment of large investors in supporting SHIB’s deflationary mechanisms.

K9 Finance, the official liquid staking derivative (LSD) platform on Shibarium and a partner of Shiba Inu, via its decentralized autonomous organization (DAO) earlier proposed a significant token burn to honor Ethereum co-founder Vitalik Buterin’s historic SHIB token burn. In May 2021, Buterin burned a staggering 410 trillion SHIB tokens—worth over $6 billion—and pledged to donate the remaining amount to charity.

As a tribute to this event and in alignment with the massive SHIB burning activities, K9 Finance burned 410 million $KNINE tokens from its treasury, specifically from the marketing allocation. This move aims to celebrate SHIB’s history and foster unity among SHIB-related projects.

410,000,000 $KNINE BURNED

K9 DAO has burned 410,000,000 $KNINE from circulation!

In homage to @VitalikButerin burning 410 trillion $SHIB we have paid tribute to our Partnershib

This may be our first burn, but will it be our last? The DAO will decide…

Proof of… pic.twitter.com/NO57VkspY6
— K9 Finance DAO (@K9finance) May 31, 2024

While the exact impact on SHIB’s price remains to be seen, the surge in the burn rate has undoubtedly reignited confidence in the project’s future. As the Shiba Inu community continues to rally behind the project and actively participate in token burns, the meme coin’s journey toward increased scarcity and potential value appreciation is poised to captivate the attention of the wider cryptocurrency market.

Despite the recent surge in token burning, Shiba Inu (SHIB) experienced a slight dip in price, trading at $0.00002418 with a robust 24-hour trading volume of $600,364,071, marking an 11.61% increase. However, the price action reflects a 2.37% decrease in the past 24 hours, a 6.98% decrease over the last seven days, and a 4.88% dip in the last 30 days. Data from CoinMarketCap showed that SHIB’s market capitalization also saw a 2.39% decrease, reaching $14,275,220,106, with a total circulating supply of 589,271,803,029,900 SHIB.

Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice.

The post Unstoppable: Shiba Inu Burn Rate Soars to Five Digits, Defying Recent Dip first appeared on The Shib Daily.

Shiba Inu Marketing Lead Hints at $KNINE Integration on Shibarium: A Tail Wagger for Holders?

Violet Vallaya — Tue, 04 Jun 2024 15:51:12 +0000

The Shiba Inu community is abuzz after Lucie, the project’s marketing lead, sent a cryptic tweet, hinting at the integration of K9 Finance’s $KNINE on Shibarium, the layer-2 scaling solution for Shiba Inu.

The tweet, which read “$KNINE ‍ Soon on #Shibarium,” has sparked speculation and excitement among investors.

$KNINE Soon on #Shibarium
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) June 4, 2024

KNINE is a native token for the K9 Finance DAO (Decentralized Autonomous Organization), where token holders actively govern the project. It plays a crucial role in the Shib ecosystem by enabling liquid staking and enhancing BONE staking processes within Shibarium. Recently, LBank Exchange announced the listing of KNINE, allowing users to trade the KNINE/USDT pair.

Similarly, Shibarium is a crucial project for the Shib ecosystem. It aims to address the scalability issues plaguing the Ethereum network, upon which Shiba Inu currently operates. This often translates to high gas fees for users, hindering wider adoption. Shibarium offers lower fees, potentially unlocking new use cases for SHIB and other tokens within the Shib ecosystem.

Integrating KNINE would demonstrate Shibarium’s potential as a platform for various tokens, fostering a more collaborative environment within the meme coin space. This could attract a wider user base and generate additional interest in Shibarium, potentially bolstering its position in the ever-evolving DeFi landscape.

Lucie’s tweet has ignited a spark of optimism within the SHIB and KNINE communities. More details regarding KNINE’s integration are needed to grasp its implications fully. However, the prospect of collaboration between these two projects holds promise for the future of Shibarium.

The post Shiba Inu Marketing Lead Hints at $KNINE Integration on Shibarium: A Tail Wagger for Holders? first appeared on The Shib Daily.

K9 Finance’s Historic Burn of 410M $KNINE is Scheduled for May 31

Violet Vallaya — Tue, 28 May 2024 14:47:04 +0000

In a groundbreaking move, K9 Finance will burn a staggering 410 million KNINE tokens, marking a significant milestone for the project. The burn, scheduled for May 31, pays homage to Ethereum co-founder Vitalik Buterin’s audacious SHIB token burn three years ago, which sent shockwaves through the crypto space.

This burn paves the way for $KNINE to become a deflationary token, meaning the circulating supply will continue to decrease over time, potentially positively impacting the token’s long-term value. Also, with a reduced overall supply, the percentage ownership of existing $KNINE holders automatically increases.

Legendary $KNINE Burn Imminent!

May 31st will signify the first ever K9 Finance DAO official burn of 410 million $KNINE in commemoration of Vitalik's @Shibtoken burn!

This event has major impact

Honors @VitalikButerin 410 trillion $SHIB burn
Reduces the fully diluted… pic.twitter.com/lVkJOMEbhP
— K9 Finance DAO (@K9finance) May 27, 2024

Vitalik Buterin’s SHIB Burn: A Turning Point

On May 17, 2021, Vitalik Buterin executed a historic burn of 410 trillion Shiba Inu (SHIB) tokens, permanently removing them from circulation. Buterin, who had been gifted half of SHIB’s total supply, decided to incinerate over 90% of his holdings. The remaining portion was allocated to charity, specifically the India Crypto Relief Fund (COVID-19), aligning with Buterin’s long-term saving ideals.

This bold move had a profound impact on SHIB’s trajectory. Investors flocked to the token, propelling it to an all-time high of $0.00008845 in October 2021. Buterin’s decision to burn SHIB was driven by his desire not to wield excessive power and his skepticism about the token’s future performance.

K9 Finance’s Tribute

Fast forward to today, and K9 Finance DAO is following in Buterin’s footsteps. The project’s official liquid staking partner has proposed burning 410 million KNINE tokens from its total supply of 1 trillion. Approximately 115.53 billion KNINE are currently in circulation.

By burning 410 million KNINE, K9 Finance officially transforms the token into a deflationary asset. Just as Buterin’s SHIB burn reduced its supply, the KNINE burn aims to create scarcity, potentially driving up its value over time. With fewer tokens in circulation, existing KNINE holders stand to benefit.

K9 Finance’s burn underscores the project’s commitment to community-driven decisions and responsible token management. As the crypto landscape continues to evolve, the KNINE burn represents a pivotal moment—one that echoes Buterin’s vision of responsible tokenomics. May 31 will mark the official commencement of this historic event, solidifying K9 Finance’s place in the ever-expanding Shiba Inu ecosystem.

The post K9 Finance’s Historic Burn of 410M $KNINE is Scheduled for May 31 first appeared on The Shib Daily.

K9 Finance Expands Horizon, $KNINE Listed on LBank

Gushiken Yona — Tue, 28 May 2024 02:40:42 +0000

$KNINE, the native token of K9 Finance DAO, in an exciting development for the crypto community, has been listed on LBank. This strategic move marks a significant milestone, enhancing the token’s accessibility and visibility within the cryptocurrency market.

LBank, a cryptocurrency exchange, announced on X (formerly Twitter) Monday, the listing of $KNINE, just days after the token’s debut on CoinW. The tweet, which generated considerable buzz, showcased LBank’s commitment to expanding its roster with promising digital assets.

The announcement on LBank’s official website detailed the specifics of the listing. According to the crypto exchange, $KNINE will be listed on the platform at 12:00 on May 28, 2024 (UTC). Other details include:

Trading Pair: KNINE/USDT
Trading Zone: Innovation Zone
Start Deposit: 12:00 on May 27, 2024 (UTC)
Start Trading: 12:00 on May 28, 2024 (UTC)
Start Withdrawal: 12:00 on May 29, 2024 (UTC)

The listing of $KNINE on LBank is poised to have a significant impact on the token’s market performance. By increasing its availability on a major exchange, $KNINE is likely to experience enhanced liquidity and greater investor interest. This move not only validates the potential of K9 Finance DAO but also signals a broader acceptance of $KNINE within the crypto ecosystem.

Buzz, the pseudonymous founder and developer of K9 Finance, expressed his excitement over the listing. He stated, “As promised yet ANOTHER $KNINE listing. More to come.” This announcement highlighted the ongoing efforts to increase $KNINE’s market presence and hinted at future developments that could further bolster the token’s standing.

As promised yet ANOTHER $KNINE listing. More to come https://t.co/6CG00T890y
— Buzz 巴斯光年 (@buzzdefi0x) May 27, 2024

Last Friday, $KNINE was listed on CoinW, a South Korea-based crypto exchange boasting over 9 million users globally. Buzz highlighted the significance of this listing as a “great strategic move by the DAO to give better regional access to $KNINE for our Korean community members.” He emphasized that “each new way to purchase KNINE” enhances liquidity and makes it easier for new users to buy the token.

K9 Finance is a proud partner of Shiba Inu and serves as the official liquid staking derivative platform for Shibarium, the ecosystem’s layer-2 scalability solution. This partnership strengthens K9 Finance’s position within the Shiba Inu ecosystem, providing users with innovative staking solutions that enhance the network’s scalability and efficiency.

By integrating with Shibarium, K9 Finance enables seamless staking opportunities, allowing users to earn rewards while contributing to the overall growth and stability of the Shiba Inu network. This collaboration underscores K9 Finance’s commitment to supporting the Shiba Inu community and advancing its technological capabilities.

The post K9 Finance Expands Horizon, $KNINE Listed on LBank first appeared on The Shib Daily.

CoinGecko Elevates $KNINE: Joins DeFi, Governance & Meme Categories

Gushiken Yona — Sun, 26 May 2024 05:36:04 +0000

CoinGecko, in a groundbreaking move that signals a new era for $KNINE, has elevated the crypto sensation by welcoming it into the prestigious DeFi, Governance, and Meme categories.

This strategic positioning not only amplifies $KNINE’s visibility and market appeal but also sets the stage for a surge in investor interest and institutional recognition, propelling it to the forefront of the digital asset revolution.

In an announcement over the weekend, K9 Finance DAO revealed a pivotal development for the project as CoinGecko’s decision to include $KNINE marked a significant milestone. This move, as highlighted by K9 Finance, increases visibility, aggregates research, and opens up opportunities for data utilization, reflecting a strategic win for K9 DAO’s growing prominence.

The official X account of the project’s DAO also prompted the community to weigh in on other categories $KNINE should venture into. It suggested Liquid Staking as a potential addition, mirroring its role on Shibarium, Shiba Inu’s layer-2 scalability solution.

The acknowledgment of $KNINE by CoinGecko, a reputable and widely used platform for tracking cryptocurrency prices and market data, holds significant promise for the project. This inclusion in multiple categories such as DeFi, Governance, and Meme on CoinGecko not only enhances $KNINE’s visibility but also lends it credibility within the crypto community. This increased exposure has the potential to attract a broader audience, including investors and users interested in these specific categories, thereby expanding $KNINE’s reach and market presence.

Our frens at @coingecko have added $KNINE to the DeFi, Governance & Meme categories

These tags are important because…

Increases viewership & searchability
Aggregates research among the categories
Other services use the data for their API

A win for more K9 DAO… pic.twitter.com/nJOCRGyiIQ
— K9 Finance DAO (@K9finance) May 25, 2024

Furthermore, being categorized under DeFi, Governance, and Meme positions $KNINE to appeal to a diverse audience with varying interests. DeFi enthusiasts can explore its financial applications and yield opportunities, governance proponents can evaluate its decentralized decision-making processes, and meme coin enthusiasts are drawn to the community and cultural aspects surrounding $KNINE. This multi-faceted appeal not only diversifies $KNINE’s user base but also strengthens its positioning in the crypto market, setting it apart from other tokens.

Moreover, the categorization under DeFi, Governance, and Meme serves as a market differentiator for $KNINE, showcasing its versatility and potential use cases beyond speculative trading. This differentiation can lead to a more sustainable growth trajectory and long-term value for the token.

Additionally, the classification of CoinGecko can boost community engagement around $KNINE. Users within these categories may actively participate in yield farming, governance processes, or community-driven marketing initiatives, fostering a vibrant and active ecosystem. This enhanced engagement not only strengthens the community around $KNINE but also creates opportunities for partnerships and integrations with other projects and platforms in the DeFi, governance, and meme sectors, further solidifying $KNINE’s position in the market and driving its overall growth and adoption.

The post CoinGecko Elevates $KNINE: Joins DeFi, Governance & Meme Categories first appeared on The Shib Daily.

K9 Finance Lands on CoinW Exchange, Bringing Shibarium Liquid Staking to the Masses

Violet Vallaya — Fri, 24 May 2024 14:05:49 +0000

K9 Finance ($KNINE), the liquid staking derivative (LSD) platform for the Shibarium blockchain, is set to land on the CoinW exchange Friday.

The listing marks a significant step for K9 Finance, making its $KNINE token readily available to a wider audience. CoinW boasts a vast user base and industry recognition, providing K9 Finance with a valuable platform to showcase its innovative staking solutions.

Starting at 12:30 UTC, users can deposit, trade, and withdraw KNINE tokens on the CoinW platform. This exciting development opens new avenues for investors to participate in the K9 Finance ecosystem.

“This is a great strategic move by the DAO to give better regional access to $KNINE for our Korean community members and with each new way to purchase KNINE, it gives more opportunity for enhanced liquidity and ease of purchase for new users,” Buzz, the co-founder of K9 Finance, told The Shib Daily.

K9 Finance is a game-changer in the Shibarium landscape. It’s a one-of-a-kind liquid staking derivative platform designed specifically for the Shibarium blockchain. LSDs are innovative financial instruments that allow users to stake their crypto holdings while retaining liquidity.

#CoinW Listing Alert!$KNINE @K9finance will be Listed on 24th May 2024, 12:30 UTC.

Deposit: 23rd May 2024, 12:30 UTC
Trading: 24th May 2024, 12:30 UTC
Withdraw: 24th May 2024, 12:30 UTC

K9 Finance is a liquid staking derivative (LSD) platform specifically… pic.twitter.com/9jCyeEW9yS
— CoinW (@CoinWOfficial) May 24, 2024

Why is the CoinW Listing Important?

The CoinW listing signifies a significant milestone for K9 Finance. CoinW boasts a massive user base and global reach, providing KNINE with immense exposure and potential for wider adoption. This increased accessibility could attract new investors and fuel the growth of the K9 Finance project.

Buzz elaborated on his expectations on the impact of the KNINE listing on CoinW in terms of liquidity and user adoption.

“CoinW is a popular exchange in South Korea. By analyzing our Google Analytics for the K9 DAO website, South Korea is a country that is browsing our website a lot to learn about K9 DAO,” Buzz added.

Key Details of the CoinW Listing

Listing Date: May 24th, 2024
Deposit Window: May 23rd, 2024, at 12:30 UTC
Trading Begins: May 24th, 2024, at 12:30 UTC
Withdrawal Window: Opens May 24th, 2024, at 12:30 UTC

The post K9 Finance Lands on CoinW Exchange, Bringing Shibarium Liquid Staking to the Masses first appeared on The Shib Daily.

K9 Finance Founder Explores ‘What’s in a Name’ Behind ‘Bone Crusher’ in Latest Crypto Revelation

Gushiken Yona — Fri, 17 May 2024 18:01:09 +0000

Buzz, the pseudonymous founder of K9 Finance, in an interesting delve into the intricacies of crypto nomenclature, embarks on an exploration of the symbolic depths behind the moniker ‘Bone Crusher’ in a recent crypto revelation. This unveiling seeks to unravel the layers of meaning and significance embedded within the name, shedding light on the ethos and mission driving K9 Finance’s latest venture.

Bone Crusher is the flagship product of K9 Finance, representing a revolutionary mobile liquid staking application. As the official liquid staking derivative platform of Shibarium, K9 Finance introduces Bone Crusher as a cutting-edge tool designed to empower users in the dynamic world of decentralized finance (DeFi).

This innovative app enables users to seamlessly stake their assets while maintaining liquidity, unlocking new avenues for yield generation and financial flexibility. With Bone Crusher, K9 Finance aims to redefine the staking experience, offering a user-friendly interface and robust features tailored to meet the evolving needs of the crypto community.

However, certain members of the crypto community have expressed concerns about the product’s name, believing it is intended to undermine BONE, the governance token of ShibaSwap and the official gas fee token of Shibarium. This prompted Buzz to clarify the rationale behind the chosen name. On the social media platform X (formerly Twitter), K9 Finance’s pseudonymous founder elaborated on the reasoning behind the name that has become contentious.

To address the controversy, Buzz explained that the name “$BONE Crusher” is not meant to compete with BONE but to complement it. “Why does K9 DAO call the product $BONE Crusher? It is not that KNINE is a BONE competitor that is looking to replace BONE. Quite the opposite! KNINE is built to support and elevate BONE,” Buzz explained.

K9 Finance’s roadmap outlines the evolutionary stages of a dog, emphasizing three key phases. Explaining the significance of the product name, the founder stated, “Borophaginae is the ancestor to a Canine and the second evolutionary period of a dog. This is a Latin word that serendipitously translates to ‘bone crushing dog’ in English. Our second phase of our roadmap is Q3 when our product, which locks BONE, will launch on Shibarium.”

Why does K9 DAO call the product $BONE Crusher? It is not that KNINE is a BONE competitor that is looking to replace BONE. Quite the opposite! KNINE is built to support and elevate BONE!

The K9 roadmap phases highlight the evolution of a dog. The 3 major phases of how a dog… pic.twitter.com/iYHlEtIKLa
— Buzz 巴斯光年 (@buzzdefi0x) May 17, 2024

The roadmap’s evolutionary theme reflects the progression of the K9 product, from alpha to beta to release. As the founder explained, “This style of representing the roadmap as an evolution of a dog mirrors the evolution of the K9 product from alpha, to beta, to release. It symbolizes the evolution from being a historic dog to a modern day K9!”

Earlier this month, K9 Finance made significant strides in the cryptocurrency landscape by unveiling a groundbreaking update to its flagship product, Bone Crusher. The latest update introduces several new features designed to empower users and enhance their interaction with the platform. Users can now seamlessly connect their wallets for efficient and secure interactions with Bone Crusher.

Additionally, the update allows users to stake BONE tokens, contributing to network security and decentralization. Enhanced flexibility is provided through the ability to swap knBONE tokens within the platform. Furthermore, users can claim rewards in KNINE, BONE, and other tokens, enriching their experience with Bone Crusher. An accompanying tutorial video offers a comprehensive guide to these features and hints at future developments, including liquid staking capabilities aligned with the platform’s DAO mission.

Bone Crusher is set to launch sometime in the third quarter of this year, further expanding K9 Finance’s innovative offerings.

The post K9 Finance Founder Explores ‘What’s in a Name’ Behind ‘Bone Crusher’ in Latest Crypto Revelation first appeared on The Shib Daily.

K9 Finance Founder Explains Shibarium’s Absence from CoinGecko and K9 DAO’s Plan to Boost Visibility

Gushiken Yona — Fri, 17 May 2024 16:57:52 +0000

In a recent statement, K9 Finance’s pseudonymous founder Buzz revealed why Shibarium, the layer-2 scalability solution of Shiba Inu, is missing from CoinGecko’s listings and detailed K9 DAO’s strategy to enhance its visibility. Buzz emphasized the need to increase Shibarium’s total value locked (TVL) to ensure its inclusion on key aggregation lists, thereby attracting more buyers, users, and developers to the growing platform.

In a recent post on X (formerly Twitter), K9 Finance DAO highlighted the reasons behind Shibarium’s omission from CoinGecko’s list, despite its impressive performance metrics. The DAO noted that Shibarium boasts over 200 Transactions Per Second (TPS), which would rank it fourth highest on the list. However, the chain was excluded because “the study only analyzed the top-30 blockchains ranked by Total Value Locked (TVL) by @DefiLlama.”

The post further explained that part of K9 DAO’s mission is to address this issue through a robust Liquid Staking Derivative (LSD) model aimed at increasing Shibarium’s TVL. “We want to grow the TVL on Shibarium & are committed to being trailblazers on the network,” the post stated.

MISSING: @ShibariumNet #Shibarium boasts over 200 Transactions Per Second (TPS) which would rank the chain 4th highest on this list

But WHY is the @Shibtoken L2 missing from this list?

A: The study only analyzed the top-30 blockchains ranked by Total Value Locked (TVL)… https://t.co/kSCOEs4lzY
— K9 Finance DAO (@K9finance) May 17, 2024

Additionally, K9 Finance DAO emphasized that TPS is not the sole metric for ranking blockchains, pointing out that Shibarium also scores high in latency, throughput, security, decentralization, and interoperability. “With the power of the #ShibArmy & the #K9Unit, we’re committed to growing Shibarium. The work of @ShytoshiKusama, @kaaldhairya, & others deserves recognition on these lists,” the post continued.

The X post was retweeted by K9 Finance’s pseudonymous founder Buzz, who further elaborated on Shibarium’s omission from CoinGecko’s listing. He expressed his frustration and provided insights into the issue. “It kills me to not see Shibarium on lists like this,” Buzz remarked. “We are not on it due to not being in the top-30 chains according to TVL and @K9finance is a direct solution to improve this metric for Shibarium to show up in more of these aggregation lists.”

Buzz highlighted the importance of these lists, noting that “buyers, users, and developers scan these lists and use them as research to decide on new chains to use, build on, and put their capital into.” He emphasized the broader benefits of increasing Shibarium’s TVL, stating, “A rising tide lifts all boats, and K9 DAO benefits greatly with the further adoption of Shibarium – it is something we inherently believe is incredibly undervalued and ripe for opportunity. All other Shib-related projects benefit from a higher TVL on Shibarium as well.”

It kills me to not see Shibarium on lists like this.

We are not on it due to not being in the top-30 chains according to TVL & @K9finance is a direct solution to improve this metric for Shibarium to show up in more of these aggregation lists.

Buyers, users & developers scan… https://t.co/QEqhnPp6im
— Buzz 巴斯光年 (@buzzdefi0x) May 17, 2024

Moreover, the founder acknowledged the contributions of other projects in enhancing Shibarium’s visibility. “K9 DAO is not the only product that is helping improve this message for more L2 visibility. Shibaswap’s migration this week, coupled with the great work of other builders such as @woofswap, @ChewySwap, @marsswap, @SharbiToken, and more, are all helping to bring more on-chain value to Shibarium to give the chain more visibility for growth,” he concluded.

In recent developments, Shibarium has successfully completed a hard fork and integrated Shiba Inu’s decentralized exchange, ShibaSwap. These advancements are expected to significantly increase Shibarium’s TVL and overall visibility, positioning it for future growth and recognition on major aggregation lists.

The post K9 Finance Founder Explains Shibarium’s Absence from CoinGecko and K9 DAO’s Plan to Boost Visibility first appeared on The Shib Daily.

K9 Finance Announces Major Update, Hailing ‘A Win for Decentralized Infrastructure on Shibarium’

Gushiken Yona — Tue, 14 May 2024 18:59:35 +0000

K9 Finance has announced a significant update to its mobile liquid staking app, Bone Crusher, marking a major milestone in the enhancement of decentralized infrastructure on the Shibarium network.

The official X account of K9 Finance DAO announced Tuesday a major development update of its product Bone Crusher. The update, hailed by the team as “A win for decentralized infrastructure on Shibarium” to support Shiba Inu, now has its own administrative panel.

K9 Finance revealed a significant product update that enhances the capabilities of its decentralized autonomous organization (DAO). This new administrative panel equips the DAO with the ability to adjust fee structures for both DAO and user rewards, increase and add staking pools and rewards, and manage the Node Operator Registry.

These improvements are expected to optimize the network’s economic incentives, expand staking opportunities, and ensure robust management of node operators, contributing to the overall efficiency and security of Shibarium.

Product Update

The $BONE Crusher administrative panel has been built! Giving the DAO the ability to:

Adjust fee structures for DAO & user rewards
Increase & add staking pools & rewards
Manage the Node Operator Registry

A win for decentralized infrastructure on… pic.twitter.com/uurz79c4PZ
— K9 Finance DAO (@K9finance) May 14, 2024

Buzz, the pseudonymous co-founder and developer of K9 Finance, highlighted the significance of the update, emphasizing the empowerment of the DAO. According to Buzz, “Why is this important? It gives the DAO the flexibility to vote to change many parameters of how the product is built so that there is no reliance on one single person or group who understands the codebase. It ensures that once BONE Crusher is live, it can truly be in the hands of the DAO.”

Just last week, K9 Finance unveiled the Bone Crusher update, sparking excitement among its supporters. This update underscores the platform’s commitment to enhancing user experience and expanding its capabilities.

Accompanied by an instructive video tutorial, the update offers a comprehensive guide to the new features, including seamless wallet connectivity, BONE token staking, knBONE token swapping, and reward claiming in KNINE, BONE, and other tokens. The tutorial ensures that users can easily navigate and utilize these new functionalities, reflecting K9 Finance’s dedication to user education and engagement.

Exclusive Product Update$BONE Crusher is our core product allowing #SHIBARMY supporters to delegate & earn from our validator(s) system

Highlights in this video

Connect Wallet
Stake BONE to secure @ShibariumNet
Swap $knBONE
Claim Reward(s) in $KNINE $BONE &… pic.twitter.com/mP7VpMqEDI
— K9 Finance DAO (@K9finance) May 6, 2024

In addition to the immediate improvements, the Bone Crusher update hints at future developments aimed at further advancing the platform’s capabilities. Notably, it teases the introduction of liquid staking, aligning with the platform’s DAO mission to decentralize control and empower the community.

These updates not only enhance the operational efficiency and flexibility of the Shibarium network but also reinforce K9 Finance’s vision of a more inclusive and participatory DeFi ecosystem.

K9 Finance proudly stands as the official partner of Shiba Inu, serving as the designated liquid staking derivative platform on Shibarium. This partnership underscores K9 Finance’s pivotal role in the Shib ecosystem, providing users with advanced staking options and seamless integration with Shibarium.

Additionally, K9 Finance operates as a validator on Shibarium, further solidifying its commitment to maintaining the network’s integrity and security. Through its comprehensive suite of dependable services and infrastructure, K9 Finance continues to drive innovation and foster a more decentralized and user-centric financial environment within the Shib community.

The post K9 Finance Announces Major Update, Hailing ‘A Win for Decentralized Infrastructure on Shibarium’ first appeared on The Shib Daily.

Global Media Platform Highlights Shiba Inu Lead Developer Shytoshi Kusama and K9 Finance

Gushiken Yona — Tue, 14 May 2024 16:49:08 +0000

Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu cryptocurrency project and K9 Finance, the liquid staking derivative platform and the official partner of Shiba Inu, have been recently featured in the global media platform Fintech.TV. This highlights the growing influence and recognition of both Kusama and K9 Finance in the rapidly evolving world of cryptocurrencies and decentralized finance.

The short video, which runs for over a minute, initially discussed the crypto industry’s lobbying efforts reaching new heights in 2023 and continuing to gain momentum this year. With Coinbase and the Blockchain Association leading the charge, the sector’s lobbying expenditures have soared to nearly $25 million, surpassing the total of over $22 million in 2022. This significant financial commitment highlights the industry’s determination to shape regulatory landscapes and advance its interests.

The video then highlighted the announcement made by K9 Finance DAO, which has been officially whitelisted as a validator on Shibarium, Shiba Inu’s layer-2 scalability solution. K9 Finance, described as the official liquid staking derivative platform of Shibarium, was noted for its role mirroring “that of Lido on the Ethereum network.” This recent announcement emphasized “the growing importance of K9 Finance in the crypto space.”

The $KNINE Validator LIVE on Puppy Net for @ShibariumNet has made the news @ShytoshiKusama comments on his excitement as well

Source https://t.co/9dVAAGpscJ pic.twitter.com/i2ePdklHbr
— K9 Finance DAO (@K9finance) May 13, 2024

Furthermore, the news segment mentioned that Kusama “expressed his excitement about this development,” adding that the pseudonymous lead developer of Shiba Inu “is enthusiastic about K9’s potential to enhance network security and decentralization.” Kusama’s enthusiasm reflects a broader trend within the cryptocurrency community, where innovative projects like K9 Finance are increasingly recognized for their potential to contribute to Shibarium’s security and decentralization.

This development marks a significant milestone in Shibarium’s evolving influence in the cryptocurrency landscape, highlighting its potential to shape the future of decentralized finance. The feature on Fintech.TV not only highlights the achievements of Shiba Inu and K9 Finance but also sets the stage for their continued influence in the fintech world.

It is worth noting that this is not the first time K9 Finance has been mentioned on a TV show. In March, during the airing of “Eye on Your Money” on KUTV in Utah, news anchor Cristina Flores highlighted Bitcoin’s surge to a new all-time high, surpassing the significant $73,000 threshold. This remarkable event underscored Bitcoin’s dominance as the world’s largest cryptocurrency by market capitalization.

What added intrigue to the program for the Shib Army was the spotlight on Shiba Inu’s groundbreaking developments, particularly its notable partnership with the next-generation liquid staking derivative platform, K9 Finance.

“Cryptocurrency meme coin Shiba Inu has also been making big news. Shiba Inu has officially partnered with K9 Finance, which brings significant tech innovation to the coin,” the program highlighted. It further noted the successful launch of K9’s native token, $KNINE, which witnessed an astounding price surge of up to 40x following its official token generation event.

The launch of @K9finance made the news in Utah

The #SHIBARMY & #K9Unit are making waves

Shoutout to @moonblocks_ for sharing this with me pic.twitter.com/S439ND7oCg
— Buzz 巴斯光年 (@buzzdefi0x) March 14, 2024

Buzz, the pseudonymous founder and developer of K9 Finance, shared that they initially approached the news with skepticism, suspecting it to be a sophisticated deepfake. However, after conducting their own investigation, it became evident that the footage was indeed authentic. “It’s fully on their news website and our team watched it there via the online broadcast,” Buzz said.

The post Global Media Platform Highlights Shiba Inu Lead Developer Shytoshi Kusama and K9 Finance first appeared on The Shib Daily.

K9 Finance DAO Plans Major KNINE Token Burn to Honor Crypto Genius Vitalik Buterin

Gushiken Yona — Tue, 14 May 2024 13:40:36 +0000

K9 Finance DAO, a decentralized autonomous organization, and the official liquid staking platform on Shiba Inu’s Shibarium has proposed a significant move to burn 410 million KNINE tokens in a bid to honor Ethereum co-founder and crypto genius Vitalik Buterin, the organization announced Tuesday.

Honoring Vitalik

K9 Finance DAO has proposed burning 410 million KNINE tokens from its treasury, specifically from the marketing allocation, to honor Vitalik Buterin’s significant burn of 410 trillion SHIB tokens on May 16. This move aimed to celebrate SHIB’s history and encourage unity among SHIB-related projects.

“K9 Finance DAO is proposing as the official liquid staking product for Shib that we burn 410M KNINE tokens from the treasury. These tokens would come from the marketing allocation within the treasury and will not have an impact on long-term operations,” the proposal read.

K9 Finance DAO views this as an opportunity to unite SHIB projects in a collective burn during the month, setting a precedent for other projects within the Shib ecosystem.

“An important catalyst in the success of Shib growing into a behemoth was the burn of 410 trillion Shib by Vitalik on May 16th, and K9 DAO sees an opportunity to unite Shib projects to celebrate and burn together during this month, honoring the history of Shib and setting the tone for other projects in the Shib ecosystem,” the proposal further underlined.

Symbolic Gesture in Crypto History

It may be recalled that three years ago, in May 2021, the crypto world witnessed a dramatic and symbolic gesture by Ethereum co-creator Vitalik Buterin. Unwillingly gifted half of SHIB’s total supply, Buterin made a decisive move by burning 90% of his holdings, worth approximately $7 billion.

He transferred over 410 trillion tokens to a dead blockchain address, effectively removing them from circulation in a single, unprecedented transaction. This act, driven by his desire to avoid becoming a central power figure, left the remaining 10% of his SHIB earmarked for charitable causes, underlining his commitment to ethical principles and decentralization.

Voting Process and Community Support

The voting system for the proposal to burn 410 million KNINE tokens is single-choice voting. It started on May 14, 2024, at 12:08 a.m. and will end on May 19, 2024, at 12:08 a.m. The snapshot for the vote was taken at block 19,862,183.

The proposal to burn 410 million KNINE tokens received strong support, with 83.32% of votes in favor, totaling 10 billion KNINE tokens, and 16.68% against, totaling 2 billion KNINE tokens. The quorum required for the vote was 5 billion KNINE tokens, and the total votes cast were 12 billion KNINE tokens, thus meeting the quorum.

This highlighted the significant approval for the proposed token burn within the K9 Finance DAO community.

Additional Proposals and Community Engagement

The official X account of K9 Finance DAO announced on the social media platform Tuesday that two proposals are now live for voting by KNINE holders. The first proposal suggests burning KNINE tokens to honor Vitalik Buterin’s SHIB burn in May 2021.

Snapshot Voting Now Live

The Roundtable of Dogs met to discuss all proposals in the DAO forum. 2 are NOW LIVE for all $KNINE holders to vote on

1⃣Burn $KNINE to honor @VitalikButerin burning $SHIB in the month of May 2021

https://t.co/Db2mVMSJ6n

2⃣Treasury… pic.twitter.com/U5icMhbjv2
— K9 Finance DAO (@K9finance) May 13, 2024

The second proposal involves managing the treasury by investing $ETH, $USDT, $USDC, and $DAI into $stETH and other money markets managed by Shima. Voting will be live for five days and end on May 18. Full meeting minutes are available for the community to review all proposals.

The post K9 Finance DAO Plans Major KNINE Token Burn to Honor Crypto Genius Vitalik Buterin first appeared on The Shib Daily.

Shib Army Alert: Beware of Fake KNINE Token Airdrops Circulating Online

Gushiken Yona — Mon, 13 May 2024 10:59:35 +0000

The crypto community, particularly the Shib Army, is being cautioned against engaging with fraudulent KNINE token airdrops currently circulating on Twitter and other online platforms. These deceptive offers, promising free tokens to unsuspecting users, usually aim to phish personal information and compromise digital wallets.

As K9 Finance achieves a significant milestone by becoming a validator on Shiba Inu’s layer-2 scalability solution, Shibarium, opportunistic cybercriminals are capitalizing on the occasion. On Sunday, the watchdog X account @susbarium, which plays a critical role in exposing scams and protecting the cryptocurrency community, issued an urgent warning to its followers about a deceitful tactic on the rise.

“Safety Alert: Protect Your Assets Fake Airdrops,” the X account said in a post. “As we navigate the exciting world of cryptocurrency, it’s crucial to stay vigilant against potential risks. One such risk arises with the temptation to participate in airdrops. While these events promise free tokens or coins, many are fronts for scams, putting your hard-earned assets at risk,” it added, before saying, “Stay informed, stay cautious, and protect your investments. Together, we can foster a safer environment within the crypto community.”

SHIBARMY WARNING:@X

Safety Alert: Protect Your Assets Fake Airdrops

As we navigate the exciting world of cryptocurrency, it's crucial to stay vigilant against potential risks. One such risk arises with the temptation to participate in airdrops. While these events promise… pic.twitter.com/nyHAl03nb9
— Susbarium | Shibarium Trustwatch (@susbarium) May 12, 2024

The Shiba Inu community has become a frequent target for malicious actors seeking to exploit the brand’s popularity. Numerous groups and accounts associated with Shiba Inu, renowned for their enthusiastic and expansive following, are being impersonated by scammers.

These fraudulent activities typically involve creating fake profiles or channels that mimic legitimate Shiba Inu forums on platforms like X, Telegram, and Reddit. The scammers’ objective is to deceive unsuspecting users by promoting phony airdrops, giveaways, or investment schemes.

By leveraging the familiar and trusted Shiba Inu name, these imposters aim to lower the guard of potential victims, making it easier to siphon off personal information or funds. This type of scam not only leads to financial losses for individuals but also damages the credibility and trust within the Shiba Inu community, complicating genuine efforts to build and expand the ecosystem.

As such, both new and experienced users are urged to exercise extreme caution and verify the authenticity of any Shiba Inu-related communication or offer.

Last week, the same X account sounded the alarm on yet another fraudulent Telegram group promoting the not-yet-launched Shib ecosystem token TREAT. Expressing frustration and concern over the misuse of the token name, the X account highlighted the grave consequences of falling victim to impersonators and scammers. The essence of their warning is encapsulated in the following statement:

“Telegram Groups: Why can’t you people just create token names of your own why do you have to you use ours and confuse people , REAL TALK! Impersonators/Scammers who often create accounts so they can provide misleading information to create doubt, misdirect you to fake websites or even obtain details about your lives, which they can then utilize maliciously against you.”

The account further said, “Always ensure you are connected to official people[.] [R]emember no one from our team will ever contact you via private messages and request you synchronize your wallet OR ask you for personal information. Report suspicious activity via the support ticket service we have in place on Discord & keep our community safe!”

The post Shib Army Alert: Beware of Fake KNINE Token Airdrops Circulating Online first appeared on The Shib Daily.

K9 Finance Announces Major Development Update on Shibarium

Gushiken Yona — Sun, 12 May 2024 14:28:10 +0000

Following its recent whitelisting on PuppyNet, K9 Finance DAO’s latest announcement stirs anticipation as its validator goes live on the platform. This landmark development signifies a crucial stride in the collaboration between K9 Finance DAO and Shibarium, setting the stage for heightened anticipation and enthusiasm among crypto enthusiasts worldwide.

The latest milestone emerged from the official X (formerly Twitter) account of K9 Finance DAO, which announced Sunday the activation of its validator on PuppyNet, Shibarium’s TestNet version.

Tangible Benefits of K9 Finance’s Validator Role

Becoming a validator on Shibarium presents a host of advantages for K9 Finance. Firstly, it provides a platform for heightened visibility and credibility within the cryptocurrency landscape. Aligning with Shibarium, a leading blockchain platform, inherently bolsters K9 Finance’s standing and reputation among crypto enthusiasts.

Moreover, assuming the role of a validator endows K9 Finance with a direct responsibility for fortifying the network’s security and validating transactions, thereby reinforcing its dedication to the principles of decentralized finance (DeFi). Furthermore, this engagement offers access to potential rewards and incentives, amplifying K9 Finance’s stake in the Shibarium ecosystem and nurturing a mutually beneficial partnership.

As emphasized by K9 Finance in its recent spotlight, this validator role brings forth tangible benefits, including the distribution of $BONE rewards to $KNINE holders, fortification of network security and decentralization, and the pioneering introduction of the first and only Liquid Staking Derivative (LSD) for SHIB.

Development Update

Validator Live on PuppyNet

Check it out https://t.co/yf0ekeeScL pic.twitter.com/x3P6m5ZQp7
— K9 Finance DAO (@K9finance) May 12, 2024

Advantages of Onboarding K9 Finance as a Validator

The decision to onboard K9 Finance as a validator on Shibarium brings several strategic advantages to the platform. Firstly, it diversifies the validator pool, increasing decentralization and enhancing the network’s resilience against potential attacks or disruptions.

Additionally, by partnering with K9 Finance, Shibarium gains access to the expertise and resources of an established player in the cryptocurrency space, potentially fostering innovation and driving ecosystem growth. Furthermore, the introduction of K9 Finance as a validator can attract new users and investors to Shibarium, drawn by the credibility and reputation of K9 Finance, thus expanding the platform’s reach and influence in the broader cryptocurrency community.

Overall, making K9 Finance a validator represents a strategic move for Shibarium, bolstering its position as a leading blockchain platform and positioning it for sustained success in the evolving landscape of decentralized finance.

Founder’s Insight: Crushing FUD Through Action

Last week, Buzz, the pseudonymous founder and developer of K9 Finance, articulated that becoming a validator represents “one small step towards crushing the FUD of ‘why isn’t $KNINE on Shibarium,'” followed by the assertion that “FUD will be crushed with actions and building.”

K9 Finance is the official liquid staking derivative platform on Shibarium, introducing a range of opportunities for users. Through this, users can seamlessly delegate $BONE, enabling them to engage in various activities to enhance their holdings.

One key benefit includes the ability to earn and receive $knBONE, providing an avenue for users to potentially increase their cryptocurrency holdings over time. Additionally, users can Stake $KNINE, contributing to the platform’s liquidity and security while earning rewards in return. K9 Finance’s presence on Shibarium offers a streamlined approach to liquid staking, fostering a more inclusive and rewarding ecosystem for participants.

The post K9 Finance Announces Major Development Update on Shibarium first appeared on The Shib Daily.

K9 Finance Drops Bone Crusher Update and Shibarium’s Puppynet Whitelisting

Gushiken Yona — Wed, 08 May 2024 14:15:06 +0000

K9 Finance has recently made significant strides in the cryptocurrency landscape, unveiling a groundbreaking update to its flagship product, Bone Crusher, and securing official whitelisting on Shibarium’s Puppynet.

These dual announcements signify a monumental leap forward for the platform, offering supporters enhanced functionalities and access to a unique liquid staking derivative. Puppynet is Shibarium’s test net.

This strategic move solidified K9 Finance’s position as a trailblazer in the decentralized finance (DeFi) ecosystem as it introduced an innovative staking application on Shibarium, expanding staking options and taking inspiration from Lido’s success.

The unveiling of the Bone Crusher update sparked excitement among K9 Finance’s supporters. This update, accompanied by an instructive tutorial video, showcases the platform’s commitment to enhancing user experience and expanding its capabilities. The tutorial video provides a comprehensive guide to new features such as seamless wallet connectivity, BONE token staking, knBONE token swapping, and reward claiming in KNINE, BONE, and other tokens. It also hints at future developments, including liquid staking capabilities aligned with the platform’s DAO mission.

K9 Finance has Bone Crusher Update and Tutorial

The latest update to Bone Crusher brings a host of new features designed to empower users and enhance their interaction with the platform:

Connecting Wallets: Users can seamlessly connect their wallets for efficient and secure interaction with Bone Crusher.

Staking BONE Tokens: The update allows users to stake BONE tokens, contributing to network security and decentralization.

Swapping knBONE Tokens: Enhanced flexibility is provided through the ability to swap knBONE tokens within the platform.

Claiming Rewards: Users can claim rewards in KNINE, BONE, and other tokens, enriching their experience on Bone Crusher.

The accompanying tutorial video provides a comprehensive guide to these features and hints at future developments, including liquid staking capabilities aligned with the platform’s DAO mission.

Exclusive Product Update$BONE Crusher is our core product allowing #SHIBARMY supporters to delegate & earn from our validator(s) system

Highlights in this video

Connect Wallet
Stake BONE to secure @ShibariumNet
Swap $knBONE
Claim Reward(s) in $KNINE $BONE &… pic.twitter.com/mP7VpMqEDI
— K9 Finance DAO (@K9finance) May 6, 2024

Whitelisting on Shibarium‘Net‘s Puppynet

In addition to the Bone Crusher update, K9 Finance announced its official whitelisting on Shibarium’s Puppynet. This development brings a myriad of benefits to the platform and its community. $KNINE holders will now receive $BONE rewards through K9 Finance’s validator, enhancing engagement and participation within the ecosystem.

Moreover, the platform’s validator plays a crucial role in enhancing network security and decentralization, ensuring a robust and resilient ecosystem.

Big Bark! @K9finance is proud to announce we are officially whitelisted on the @ShibariumNet Puppynet!

Our validator will let us:
Give $KNINE holders $BONE rewards
Enhance network security & decentralization
Create the FIRST & ONLY LSD for #Shib

Thanks to… pic.twitter.com/QbV2LyAmBs
— K9 Finance DAO (@K9finance) May 7, 2024

In addition to the Bone Crusher update, K9 Finance made a significant announcement on X (formerly Twitter) regarding its whitelisting on Puppynet. This development brings several benefits:

Reward Distribution: $KNINE holders will receive $BONE rewards through K9 Finance’s validator.

Network Security: The platform’s validator enhances network security and decentralization, ensuring a robust ecosystem.

Unique Offering: K9 Finance introduces the FIRST & ONLY Liquid Staking Derivative (LSD) for #Shib, adding a unique dimension to the ecosystem.

One of the standout features of this announcement is the introduction of the first and only Liquid Staking Derivative for #Shib, adding a unique dimension to the ecosystem. Buzz, K9 Finance’s pseudonymous founder and developer, expressed enthusiasm about this milestone, stating, “One small step towards crushing the FUD of ‘why isn’t $KNINE on Shibarium’. FUD will be crushed with actions and building. Now live on Puppynet.”

The post K9 Finance Drops Bone Crusher Update and Shibarium’s Puppynet Whitelisting first appeared on The Shib Daily.

Setting New Standard: K9 DAO Leads the Charge in DeFi with Trailblazing Governance Model

Gushiken Yona — Mon, 08 Apr 2024 12:08:55 +0000

K9 DAO is carving out its legacy as a beacon for the broader cryptocurrency community in a digital landscape where the principles of transparency and decentralized governance gain ever-increasing attention. Championing a governance model replete with innovative processes and a strong emphasis on community participation, K9 DAO is setting the standard for how decentralized autonomous organizations (DAOs) can drive the future of decentralized finance (DeFi).

Empowering Governance Through Community Involvement

Central to K9 DAO’s philosophy is a dynamic governance model that empowers every token holder to have a say in the organization’s direction. The journey of governance initiates at the K9 Finance DAO Forum, a space dedicated to community members eager to pitch new ideas and partake in vital discussions. Ideas that resonate within this community forum are then escalated to the Roundtable of Dogs, a governance panel elected to vet and refine proposals. Achieving a 75% approval rate from this panel propels proposals to Snapshot voting, ensuring that only the ideas with broad support steer K9 DAO’s trajectory.

“We’ve been able to structure K9 Finance DAO based on the collective experiences of our team. Some team members, including myself, remember the original DAO started by the Slock.It team. We’ve been able to use negatives and positives from our experiences in crypto (as well as advice from the DAO lawyer) to build what we think can be a truly decentralized and high-functioning DAO,” Buzz, the pseudonymous founder of K9 Finance told The Shib Daily in an exclusive interview.

Revolutionizing Security with Multi-Sig and Auditor Vigilance

In its pursuit of unparalleled transparency and security, K9 DAO utilizes a multi-signature (multi-sig) wallet system directly managed by the DAO. This structure safeguards all contracts and ownership functionalities, significantly mitigating the risk of unilateral control over the DAO’s assets. Complementing this security measure is the inclusion of a third-party auditor within the multi-sig framework, tasked with the meticulous monitoring of all transactions. This comprehensive oversight strategy ensures strict alignment with community directives and upholds the highest security benchmarks.

“We’ve partnered deeply with our auditors, Source Hat, to ensure that every action being taken matches our Litepaper and the expected governance procedures of K9 DAO. They actively update the audit reports for transparency, have set up monitoring tools, and act as a signing layer on the multi-sig for an additional layer of security for the community,” Buzz explained.

The Roundtable of Dogs: Pioneering DAO Governance

The Roundtable of Dogs exemplifies K9 DAO’s dedication to fostering transparent and effective governance. Comprised of members selected via an unbiased scoring rubric, this panel is pivotal in scrutinizing proposals and facilitating their passage through the governance pipeline. Monthly assemblies of the Roundtable guarantee that the community’s collective voice is not just heard but acted upon, mirroring the communal consensus in the direction K9 DAO pursues.

“We took a lot of inspiration from Lido, but in our market research recognized that many holders within Lido don’t feel heard and that their decision-making process can be very arduous when everything is done on chain. The DAO lawyer recommended the Roundtable of Dogs act as an independent security layer on top of the DAO to make sure that the community is heard, while no one party can manipulate the DAO for their own agenda,” the K9 founder further said.

Cementing Global Leadership in DAO Evolution

Since its token inception a mere month ago, K9 DAO has rapidly established a robust foundation, positing itself as a future global leader among DAOs. This initial phase of operation has not only underscored K9 DAO’s commitment to operational transparency and community integration but has also positioned the organization as an industry exemplar.

As K9 DAO continues to refine its governance model and expand its influence within the DeFi ecosystem, its early initiatives serve as a testament to the potential of DAOs to operate with integrity, transparency, and a genuine commitment to community empowerment. Through its pioneering efforts, K9 DAO is not just navigating the present landscape but is actively sculpting the future of decentralized governance.

The post Setting New Standard: K9 DAO Leads the Charge in DeFi with Trailblazing Governance Model first appeared on The Shib Daily.

K9 Finance Unveils Fresh Preview of Next-Gen DeFi Product on Shibarium

Gushiken Yona — Thu, 04 Apr 2024 09:42:41 +0000

Following the successful organic listing of its native token $KNINE on a major global crypto exchange platform, K9 Finance has once again captured the spotlight with a significant update that underscores its unwavering dedication to its roadmap and timely execution of goals.

Highlighting its commitment to innovation and excellence in the DeFi space, Buzz, its pseudonymous founder, revealed through a sneak peek the development of a next-generation product crafted with precision and innovation, specifically developed for the Shibarium network.

In the latest tease that thrilled the community, Buzz released a second sneak peek of its much-anticipated product. This latest preview showcased a sophisticated user interface designed for optimizing farming rewards through $BONE & $knBONE, the innovative K9 LSD token that maintains a 1:1 peg with $BONE, the official gas fee token of the Shibarium network.

With this dual-tiered earning mechanism, users are poised to reap benefits on multiple fronts: firstly, through accruing $esKNINE, which gradually unlocks into the coveted $KNINE, and secondly, via earning K9 partner tokens. These tokens are integral to boosted yield campaigns, serving a dual purpose of fostering growth among partner user bases and token holders, while simultaneously amplifying earnings for K9 users and fortifying the Shibarium network.

This initiative is poised to welcome all Shibarium projects into the K9 ecosystem, propelling the Shibarium chain’s expansion. However, it’s worth noting that this week’s sneak peek tantalizingly withholds the full capabilities of Bone Crusher.

A future revelation will detail how users can stake $KNINE to earn $BONE, introducing an additional layer of yield potential and marking a significant milestone in DeFi’s evolution on the Shibarium platform. The commitment of the K9 Finance business development team is also underlined as it gears up to roll out comprehensive onboarding documentation.

However, it’s crucial to note, as Buzz highlighted, that the current interface sneak peeks have yet to unveil the Bone Crusher, seemingly strategically omitting it to build anticipation while hinting at its impact on the DeFi landscape.

K9 DAO product sneak peek #2

These components show the user interface for farming rewards using $BONE & $knBONE (the K9 LSD token that is pegged 1:1 to $BONE through the K9 product)

Users will be earning in 2 ways through this process alone

1. Earning $esKNINE that… https://t.co/BnpcFZryPE pic.twitter.com/HsPOUGnWh3
— Buzz 巴斯光年 (@buzzdefi0x) April 3, 2024

Buzz, the visionary founder of K9 Finance, recently shared with The Shib Daily an innovative approach to unveiling their much-anticipated product. Addressing a common issue within the project development landscape, Buzz stated, “Many projects that launch have a long roadmap. They’re often delayed and the end product doesn’t meet the hype and expectations of the community.”

To counter this trend, K9 Finance is taking a decidedly different tack. “We have a radical commitment to building in public and transparently sharing our progress week after week so that the community sees that K9 DAO’s product is not something that is a hope and dream. It is very real with deserved anticipation,” Buzz remarked. This strategy fosters a deeper sense of trust and engagement within the community, offering a clear view of the project’s progress and the tangible benefits it aims to deliver.

Further detailing their unique approach to development, Buzz explained, “We’re building into our development cadence a structure where at least biweekly we want to produce small videos, GIFs, and animations of working prototypes within our code base so that the community can truly feel how powerful this product is for Shib and Shibarium.” This initiative reflects a commitment not just to transparency, but to providing the community with a real, hands-on sense of the innovation and functionality that K9 Finance is bringing to the DeFi space.

Last month, in an intriguing revelation that bridges the ancient past with the cutting-edge future of finance, Buzz offered a sneak peek of its eagerly anticipated DeFi product aptly named “Bone Crusher.” This innovative product draws its name from the Borophaginae, a formidable prehistoric dog known for its unparalleled jaw strength, capable of crushing bones with ease. The Borophaginae, whose name translates directly from Latin to “Bone Crusher,” represents a lineage of prehistoric canines that eventually evolved into the modern dogs we are familiar with today.

Bone Crusher sneak peek @K9finance #building pic.twitter.com/bn2uEqiLco
— Buzz 巴斯光年 (@buzzdefi0x) March 29, 2024

The post K9 Finance Unveils Fresh Preview of Next-Gen DeFi Product on Shibarium first appeared on The Shib Daily.

Shiba Inu Strategic Partner K9 Finance Earns Prestigious Organic Listing on Major Global CEX

Gushiken Yona — Fri, 29 Mar 2024 13:54:08 +0000

Shiba Inu’s strategic ally, K9 Finance, has secured a coveted spot with an organic listing on a major global centralized cryptocurrency exchange platform.

BitMart, a centralized exchange that provides crypto asset trading and investment services to over 9 million users around the globe, announced that K9 Finance officially joins the ranks of its Vote Listing, effective March 29.

This latest development marks a significant stride for K9 Finance, propelling it into the spotlight of one of the industry’s premier platforms.

@K9finance is now live on the BitMart Vote Listing as of March. 29th, 2024!

Vote for $KNINE to get listed and win airdrops

Cast your vote now: https://t.co/isPJA8aHqm
Get your NFT to vote: https://t.co/q2HkELtwUY
Learn more: https://t.co/DqbriBueVU #BitMart $KNINE… pic.twitter.com/Aj42wIycp8
— BitMart (@BitMartExchange) March 29, 2024

In a parallel announcement on social media platform X, K9 Finance DAO shared that its native crypto $KNINE will be available in BitMart starting next week.

“K9 Finance DAO is growing to the point where exchanges are organically listing KNINE,” Buzz, the pseudonymous developer and founder of K9 Finance told The Shib Daily when asked about the latest listing. “Important in these organic listings is encouraging exchanges to support and integrate Shibarium. As our team pushes forward for the Q3 launch of our product called ‘Bone Crusher,’ all of our partners integrating Shibarium becomes more and more important to support the entire ecosystem

K9 Finance, the innovative liquid staking derivative platform built on Shibarium, is making waves and capturing the spotlight in the crypto sphere.

Just recently, $KNINE, the native token of K9 Finance, was listed by MEXC Global, a centralized cryptocurrency exchange renowned for its digital trading services.

We're thrilled to announce that the @K9finance Kickstarter has concluded and $KNINE will be listed on #MEXC!

Deposit: Opened
KNINE/USDT Trading in Innovation Zone: 2024-03-19 15:00 (UTC)

Details: https://t.co/ZjOof0hRjL pic.twitter.com/7oJMMWu2i0
— MEXC (@MEXC_Official) March 19, 2024

For K9 Finance, having its token listed by exchanges signifies a significant validation of its project and a crucial step toward broader adoption and recognition within the cryptocurrency ecosystem.

Exchange listings provide increased liquidity for the token, making it more accessible to investors and traders.

This increased liquidity can lead to greater price stability and trading volume, which in turn can attract more attention and interest from the wider crypto community.

Moreover, exchange listings can serve as a catalyst for further partnerships and collaborations, as well as provide opportunities for token holders to engage in trading and staking activities.

Ultimately, being listed by exchanges enhances K9 Finance’s visibility, credibility, and potential for growth in the competitive crypto market.

In addition to its recent developments, K9 Finance has unveiled the establishment of the K9 Unit, poised to act as the community’s dedicated marketing force, reflecting K9 Finance’s commitment to fostering a strong and engaged community, empowering members to drive awareness and adoption of the platform.

The #K9Unit community has organically formed an army for community marketing

K9 Finance DAO is a beacon for developers to build on #Shibarium

What if we are the front line? Would you make a stand? – @ShytoshiKusama

Join the #K9Unit battlefield https://t.co/Q5STT5Wnwx pic.twitter.com/JLW5Uo3DRn
— K9 Finance DAO (@K9finance) March 28, 2024

The post Shiba Inu Strategic Partner K9 Finance Earns Prestigious Organic Listing on Major Global CEX first appeared on The Shib Daily.

K9 Finance Unveils Evolutionary Product Roadmap-Highlights

Violet Vallaya — Tue, 26 Mar 2024 17:13:45 +0000

K9 Finance, a leading player in the decentralized finance (DeFi) space, recently announced its product roadmap, which is set to unfold in three evolutionary stages. The roadmap, shared via a tweet, draws parallels between product development and the evolution of canines.

Roadmap Highlights

The K9 Finance product is being released in 3 stages

1⃣Hesper: launching on Testnet in late Q2
2⃣Boro: launching on Mainnet in Q3 (BONE Crusher)
3⃣Caninae: product finalization in Q4

These product releases follow the evolution of a modern-day Canine… pic.twitter.com/qEpW7TefYd
— K9 Finance DAO (@K9finance) March 26, 2024

The first stage, named ‘Hesper’, is set to launch on Testnet in late Q2. This stage is named after the Hesperocyoniae, a prehistoric version of the modern-day canine. Just as the Hesperocyoniae evolved into a more advanced version, this Testnet version of K9 is expected to rapidly evolve to Mainnet.

The second stage, ‘Boro’, is scheduled for a Mainnet launch in Q3. Boro, named after the now-extinct Borophaginae, translates to “BONE crushing dogs”. This phase symbolizes K9’s evolution to Mainnet and its transformation into a ‘BONE crusher’ through its core liquid-staking product.

The final stage, ‘Caninae’, represents the product’s finalization in Q4. Caninae includes all living dog species, including the Shiba Inu, and symbolizes the modern expectation of a fully decentralized liquid-staking derivative product. This stage represents the finalization of K9, mirroring the evolution of canines to their modern form.

K9 Finance DAO successfully launched its native governance token, $KNINE, on March 7. The ERC20 token was exclusively launched on Uniswap.

As an official partner of Shib and a recognized Shibarium validator, K9 Finance DAO rewards $KNINE holders with $BONE, which is earned from validating blocks. The launch was further highlighted by the announcement of Shytoshi Kusama as official advisor.

The post K9 Finance Unveils Evolutionary Product Roadmap-Highlights first appeared on The Shib Daily.

K9 Finance’s $KNINE Gains Ground with MEXC Listing

Violet Vallaya — Mon, 18 Mar 2024 17:48:12 +0000

In a strategic move that marks a significant milestone for K9 Finance, MEXC Global, a leading cryptocurrency exchange, has officially announced the listing of the KNINE token.

The inclusion of $KNINE on MEXC Global is poised to enhance liquidity and accessibility for the token, potentially accelerating its adoption among a wider audience of investors and crypto enthusiasts. This listing reflects K9 Finance’s commitment to expanding its ecosystem and the increasing investor interest in niche tokens that offer unique value propositions.

Furthermore, the partnership between K9 Finance and MEXC Global underscores a strategic alignment in the pursuit of innovation within the crypto space. By securing a spot on MEXC, $KNINE is not just gaining a platform for trading but also an opportunity to tap into a vibrant community of traders and investors keen on exploring the next big thing in cryptocurrency.

This collaboration signals a bullish outlook for KNINE, as it leverages MEXC Global’s robust infrastructure and diverse user base to foster growth, community engagement, and the realization of its long-term vision in the ever-evolving digital asset ecosystem.

MEXC Listing and Airdrop Details

To celebrate K9 Finance’s arrival, MEXC is hosting a special event with a massive 50,000 USDT airdrop up for grabs. Users can participate by voting with their $MX tokens (MEXC’s native token) on the exchange platform.

.@K9finance, a Shibarium-based LSD (Liquid Staking Derivatives) platform that offers core DeFi services and acts as an official validator, is coming to #MEXCKickstarter

Vote with $MX to share massive airdrops
$KNINE/USDT Trading: 2024-03-19 15:00 (UTC)

Details:… pic.twitter.com/2vMifb6rBu
— MEXC (@MEXC_Official) March 18, 2024

Here’s a breakdown of the key dates for the K9 Finance listing on MEXC:

Announcement: March 18th, 2024, at 1:00 PM UTC (Coordinated Universal Time)
Deposit Window: Opens on March 18th, 2024, after the announcement
Kickstarter Event: Runs from March 18th, 2024, 1:00 PM UTC to March 19th, 2024, 1:00 PM UTC
Listing and Trading: Starts on March 19th, 2024, at 3:00 PM UTC (with listing and post announcement at 1:00 PM UTC)

K9 Finance: A Leader in Shibarium’s DeFi Evolution

K9 Finance offers users a suite of DeFi services built on the Shibarium blockchain, including Liquid Staking Derivatives (LSDs) and official validator functions.

Built on Shibarium, the layer-2 scaling solution for Shiba Inu (SHIB), K9 Finance offers core DeFi services while acting as an official validator on the network. This integration promises faster transaction speeds and lower fees for users, attracting those seeking a more efficient DeFi experience within the SHIB ecosystem.

Shibarium Discord Mods Say $TREAT Official Contract Is Not Yet Released, Warn Against Scammers
Shibarium Eyes Next Billion Crypto Users
Breaking Through: $KNINE Official Launch Shatters Records and Expectations

The post K9 Finance’s $KNINE Gains Ground with MEXC Listing first appeared on The Shib Daily.

K9 Finance & Mantra DAO Partnership Could Supercharge Shibarium’s TVL

Violet Vallaya — Fri, 15 Mar 2024 15:53:24 +0000

Shibarium, an offshoot of the Ethereum blockchain focused on scaling solutions for Shiba Inu (SHIB), could soon get a major boost. A groundbreaking partnership between K9 Finance, the developers behind the knBONE token, and Mantra DAO, a leading DeFi protocol, promises to significantly increase Shibarium’s Total Value Locked (TVL) and reshape the way the entire chain operates.

The collaboration hinges on the concept of “liquid NFTs.” Mantra DAO specializes in creating “liquid representations of locked assets,” essentially unlocking the potential of NFTs as financial tools. This aligns perfectly with K9 Finance’s knBONE, which represents liquid BONE delegated for proof of stake (PoS) validation.

Alright, let's touch base on a hot matter here:

Why is @K9finance x Mantra partnership important?

First of, K9 is giving all of us in #Shibarium a precious treasure: a LIQUID representation of delegated $BONE, named knBONE.

All good, so what?

Check and learn more… https://t.co/Fp3SAXJbBn pic.twitter.com/uz4QZSDP8z
— Mantra Protocol | Minting *Teh Toros* in Shibarium (@MantraProtocol) March 14, 2024

The impact of this partnership will be multifaceted, according to Mantra.

Increased knBONE Utility: Mantra DAO will integrate knBONE as a universal currency for various NFT-related financial services within their platform. This opens a vast pool of liquidity for NFT trading on Shibarium, denominated in knBONE.
Amplified Yield Opportunities: knBONE holders will be able to lend their tokens on Mantra DAO to earn an additional yield on top of their existing holdings. This yield generation will be a key driver for user adoption and further fuel the Shibarium economy.
NFT-Backed Borrowing: The partnership allows users to borrow knBONE directly using their NFTs as collateral. This borrowed knBONE can then be used within the broader K9 Finance ecosystem, including their DeFi platform. Essentially, NFTs become gateways to a network of yield-generating opportunities.
Subsidized Borrowing with knBONE: Mantra DAO hints at the future implementation of “Subsidized Pools” where knBONE will be one of the accepted tokens. This paves the way for users to borrow with minimal to no interest rates, fueled by the liquidity within the Shibarium ecosystem.

The significance of this partnership lies beyond just expanding knBONE’s utility. By integrating seamlessly with Shibarium’s infrastructure, Mantra DAO is essentially creating a framework for a robust NFT lending and borrowing marketplace. This, in turn, will attract more users and projects to the Shibarium chain, leading to a significant rise in TVL within the protocol.

Notably, the collaboration marks a significant step forward for Shibarium, establishing it as a major contender in the ever-evolving NFT and DeFi spaces.

The post K9 Finance & Mantra DAO Partnership Could Supercharge Shibarium’s TVL first appeared on The Shib Daily.

Shiba Inu and Successful $KNINE Launch Land Popular US TV Coverage

Gushiken Yona — Fri, 15 Mar 2024 15:14:19 +0000

Shiba Inu and its strategic ally, K9 Finance, recently commanded the spotlight on a regarded Utah television program, a significant acknowledgment perhaps spurred by the escalating prominence of both crypto ventures.

During the airing of “Eye on Your Money,” in KUTV in Utah, news anchor Cristina Flores brought attention to Bitcoin, the world’s largest cryptocurrency by market capitalization, as it surged to a new all-time high price, surpassing the significant $73,000 threshold.

What adds intrigue to the program for the Shib Army is the spotlight on Shiba Inu’s recent groundbreaking developments, particularly its notable partnership with the next-generation liquid staking derivative platform, K9 Finance.

Buzz, the pseudonymous founder and developer of K9 Finance, shared they initially approached the news with skepticism, suspecting it to be a sophisticated deep fake. However, after conducting their own investigation, it became evident that the footage was indeed authentic.

“It’s fully on their news website and our team watched it there via the online broadcast,” Buzz said.

The launch of @K9finance made the news in Utah

The #SHIBARMY & #K9Unit are making waves

Shoutout to @moonblocks_ for sharing this with me pic.twitter.com/S439ND7oCg
— Buzz 巴斯光年 (@buzzdefi0x) March 14, 2024

Since its explosive debut on March 7, $KNINE has rapidly emerged as a powerhouse within the cryptocurrency market, boasting an impressive trading volume of $7 million within just one hour. This remarkable achievement catapulted $KNINE to the forefront of popularity on DexTools, a prominent decentralized finance (DeFi) trading platform. Notably, the token witnessed an extraordinary surge in holder count, soaring by 87.90% on launch day, attracting 2,507 investors captivated by its promising potential.

As a testament to its burgeoning success, K9 Finance achieved a significant milestone within a mere three days of its launch, surpassing an impressive milestone of 5,400 holders. This achievement not only underscores the rapid expansion of its community but also reflects the market’s unwavering confidence in the project’s vision and utility.

Meanwhile, over the past 30 days, Shiba Inu has demonstrated an astounding surge of approximately 233%, propelling it to the forefront of the cryptocurrency market. Notably, SHIB has asserted its dominance in trading volume, outpacing even large market-cap altcoins, accounting for a substantial 38.75% of the total $80 billion weekly trading volume in the meme coin sector.

Furthermore, SHIB’s aggregated daily volume is on the brink of reaching the remarkable $600 million milestone, marking a phenomenal 200% surge from the figures recorded earlier in the week.

The post Shiba Inu and Successful $KNINE Launch Land Popular US TV Coverage first appeared on The Shib Daily.

K9 Finance – The Shib Daily

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