[Shiba Inu partners announce approval of four key proposals]

K9 Finance, the designated liquidity staking partner of the Shibarium blockchain, recently confirmed the adoption of four governance proposals following active voting by the KNINE community.

The K9 Finance Decentralized Autonomous Organization (DAO) published an article on X detailing the significant support for these initiatives.

All four proposals received broad community approval, covering changes to the tax structure of the KNINE token and approval of marketing, development and operating budgets for the next six months.

Details of the proposal are as follows:

1. Adjust the transaction tax model with a tax rate of 0% on purchases and 3% on sales to encourage new investment and long-term commitments.

2. Set an operating budget of US$25,000 per month for the next six months to support platform operations and improve stability and functionality.

3. With a support rate of 75.88%, the community approved a monthly development budget of US$50,000 to promote platform technology development and functional expansion.

4. With a high support rate of 83.02%, a monthly marketing budget of US$30,000 is determined for the next six months, aiming to increase platform awareness and attract new users.

Passage of these proposals demonstrated overwhelming support from the community, with vote turnout ranging from 508% to 601%. Changes are expected to be implemented within one to three business days.

Additionally, due to the collaboration with Shiba Inu, the progress of the K9 Finance project is expected to impact the Shiba Inu ecosystem. Buzz.shib, co-founder of K9 Finance and developer advocate for Shiba Inu, emphasized the importance of this development in achieving competitive staking rates for BONE. Shytoshi Kusama and Kaal Dhairya are consultants to K9 Finance. Earlier this month, the K9 Finance team unveiled its roadmap for launching on Shibarium, and Buzz last month explained how K9 Finance will benefit the Shibarium ecosystem.