- Shiba Inu’s partner K9 Finance announces an exciting update to its Bone Crusher with a video tutorial providing comprehensive guidelines to easily navigate the platform.
- Bone Crusher is expected to debut in the third quarter of this year after a successful trial this quarter.
One of the highly active Liquid Staking Derivatives on the Shibarium platform and a strategic partner of Shiba Inu, K9 Finance, makes a jaw-dropping move to release a crucial update to its flagship product, Bone Crusher, soon after announcing the launch of its native token KNINE.
Coupled with this initiative securing a spot on the Shibarium’s Puppynet whitelist, it also underscores its commitment as a pioneer within the Decentralized Finance ecosystem. This exciting update was accompanied by an instructive tutorial video, providing a comprehensive guide on the new features such as wallet connectivity, BONE token staking, knBONE token swapping, and reward claiming in KNINE, BONE, and other tokens.
According to the report, this update presents a rare flexibility and enhanced functionalities to enable users to interact seamlessly and securely on the platform. On top of that, it unlocks crucial features that enable users to stake their Bone tokens directly through the platform while enjoying seamless wallet connections.
Also, the team is introducing multiple user-centric features that largely enhance the usability of the platform, improving greater flexibility in managing investments, and an easier approach to swap knBONE tokens on the platform.
How to Easily Use the Bone Crusher dApp
To be able to use the Bone Crusher dApp, users would first have to click on “connect wallet” found at the upper right corner of the screen, approve concerns to the required terms and conditions, select a wallet from the options, and follow the prompt that pop-ups to link it to the K9 liquid staking platform.
After the connection is successfully established, users can proceed to enter the desired amount of BONE tokens to stake and proceed. To unstake the locked assets, users are required to tap the “unstake” button right beside the “stake”. However, the withdrawal request would take up to four days to be processed. After the timeline, users can use the “claim” section to collect their knBONE rewards in BONE or KNINE.
More on the Bone Crusher
Multiple reports have confirmed that Bone Crusher will debut on the Shibarium mainnet in the third quarter of 2024 after the completion of a successful trial this quarter. The latest update emphasizes that the dApp would align with the DAO mission to integrate DeFi capabilities.
On top of that, it would lead to a massive increase in the Shibarium’s Total Value Locked (TVL) which stands at $2.314 million. With this, it ranks 36th in the ranking of the richest sub-chains of Ethereum.
K9 Finance currently represents one of the major pioneers in DeFi with its new staking feature positioning it as one of the most secured platforms in the face of consensus-seeking. Also, whitelisting on Shibarium’s Puppynet brings a myriad of benefits to users including reward distribution, network security, and unique offering.
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