K9 Finance DAO, the partner of Shiba Inu, has recently provided an exclusive update on its upcoming liquid staking dApp, Bone Crusher. The K9 Finance team shared this update through their official X handle, presenting a video that showcases how members of the Shiba Inu Army can interact with the application and earn rewards. This video serves as the team’s first visual product update for the community.
Bone Crusher is the flagship offering of K9 Finance, designed to enable the SHIB Army to delegate their tokens and earn rewards through the K9 Finance validator system. As previously announced, the team plans to launch the Bone Crusher dApp before the year ends. In preparation for its release, the K9 Finance video provides a tutorial on how users can navigate the dApp.
To begin using the Bone Crusher dApp, users need to click on the “connect wallet” button located in the upper right corner of the screen. By doing this, they will be prompted to agree to the terms and conditions of the wallet connection. Users can then select a wallet from options such as MetaMask or Wallet Connect. Once a wallet is chosen, users will follow the prompts to link it with the K9 liquid staking platform.
Once the connection is successfully established, users can enter the desired amount of BONE tokens to stake in the “Stake” section and proceed with the transaction. The process of unstaking the locked asset is also straightforward. The “unstake” button is located right next to the “stake” button. When users click on “unstake,” they will withdraw knBONE tokens.
It’s important to note that the withdrawal request takes up to four days to process. After this period, participants can collect their knBONE rewards in either BONE or KNINE tokens through the “Claim” section.
Bone Crusher is set to debut on the Shibarium mainnet in Q3 2024, following a successful trial of the dApp by the end of this quarter. The second version of Bone Crusher is scheduled for release in Q4 2024.
In this recent update, the K9 Finance team highlights the importance of liquid staking in Shibarium’s future. The dApp aligns with the DAO’s mission to integrate DeFi capabilities into the Shiba Inu ecosystem. It is expected that this upcoming dApp will significantly increase Shibarium’s total value locked (TVL), which currently stands at $2.314 million, according to the latest record.
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