DeFi
Shiba Inu’s K9 Finance Unveils Bone Crusher Upgrade
- Shiba Inu partner K9 Finance announces an exciting update to its Bone Crusher with a video tutorial providing comprehensive guidelines for easily navigating the platform.
- Bone Crusher is expected to debut in the third quarter of this year after a successful trial run this quarter.
One of the most active liquid staking derivatives on the Shibarium Platform and a strategic partner of Shiba Inu, K9 Finance, makes a stunning move by releasing a crucial update to its flagship product, Bone Crusher, shortly after announcing the launch of its native token KNINE.
Coupled with this initiative securing a place on Shibarium’s Puppynet whitelist, this also highlights its commitment as a pioneer within the decentralized finance ecosystem. This exciting update was accompanied by an informative video tutorial, providing a comprehensive guide to new features such as wallet connectivity, BONE token staking, knBONE token trading and claiming rewards in KNINE, BONEand other tokens.
According to the report, this update introduces rare flexibility and improved features to allow users to interact seamlessly and securely on the platform. On top of that, it unlocks crucial features that allow users to stake their Bone tokens directly through the platform while enjoying seamless wallet connections.
Additionally, the team introduces several user-centric features that significantly improve the usability of the platform, thereby enhancing greater flexibility in investment management and a simpler approach to trading knBONE tokens on the platform. shape.
How to easily use the Bone Crusher dApp
To be able to use the Bone Crusher dApp, users must first click “connect wallet” in the upper right corner of the screen, approve concerns regarding the required terms and conditions, select a wallet from the options and follow the instructions. instructions. prompts this popup to link it to the K9 Liquid Staking Rig.
Once the connection is successfully established, users can enter the desired number of BONE tokens to stake and continue. To unlock locked assets, users need to tap the “unlock” button right next to the “stake”. However, it would take up to four days to process the withdrawal request. After the timeline, users can use the “claim” section to claim their knBONE rewards in BONE or KNINE.
Learn more about the bone crusher
Multiple reports have confirmed that Bone Crusher will debut on the Shibarium mainnet in Q3 2024 after completing a successful trial this quarter. The latest update highlights that the dApp would align with the DAO’s mission to integrate DeFi capabilities.
On top of that, this would result in a massive increase in Shibarium’s total value locked (TVL) which stands at $2.314 million. In doing so, it ranks 36th in the ranking of substrings of Ethereum.
K9 Finance currently represents one of the great pioneers of DeFi with its new staking functionality positioning it as one of the most secure platforms in the search for consensus. Additionally, whitelisting on Shibarium’s Puppynet brings a myriad of benefits to users, including reward distribution, network security, and a unique offering.