K9 Finance Decentralized Autonomous Organization (DAO) launches updated version, Bonecrusher v3, introducing fresh Shibarium pools.

K9 Finance Decentralized Autonomous Organization (DAO) launches updated version, Bonecrusher v3, introducing fresh Shibarium pools.

Shibarium, the layer-2 network for the Shiba Inu ecosystem, has seen a significant development with the launch of Bonecrusher v3. This update, announced on August 21, 2022, aims to attract more liquidity and solidify its market leadership within the expanding Shibarium DeFi landscape.

Bonecrusher v3 operates as a key piece of infrastructure for Shibarium, securing the network and offering BONE holders a way to earn rewards. The platform's liquid staking mechanism allows token holders to earn staking rewards without sacrificing the liquidity of their assets, enabling greater capital efficiency on the network.

One of the key features of Bonecrusher v3 is the introduction of a new KNINE/knBONE farming pool and an upgraded version of the original BONE/knBONE pool. The new KNINE/knBONE pool launches with a rate of 150 esKNINE per second, while the upgraded BONE/knBONE pool inherits an emission rate of 800 esKNINE per second from its predecessor.

knBONE is a derivative token that represents the user's staked BONE and is tradable and usable across other DeFi applications. This liquid token provides users with the ability to participate in various DeFi activities while still holding their staked BONE.

K9 Finance DAO, the decentralised finance protocol within the Shiba Inu ecosystem, continues to play a central role in these developments. The DAO retains the ability to adjust these emission rates through its governance process, ensuring stronger rewards and stability for farmers while unlocking new 'Crusher' technologies for the Shibarium ecosystem.

As of the announcement, the protocol reported a TVL (Total Value Locked) of over $3.6 million. This significant TVL reinforces K9 Finance DAO's role as Shibarium's leading liquid staking protocol.

The original farming pool is scheduled for deprecation on September 18, 2025, with rewards being gradually reduced to encourage migration. This move is aimed at increasing Shibarium's total value locked (TVL) and overall DeFi activity.

With Bonecrusher v3, the Shibarium DeFi landscape is set for an exciting evolution. The upgrade reinforces K9 Finance DAO's central role within the ecosystem, providing users with new opportunities to engage with Shibarium's onchain financial tools. Bonecrusher v3 represents both an evolution and a foundation for the Shibarium ecosystem.

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