K9 Finance integrates with DeFiLlama, reaching a TVL of $1.05M, boosting transparency and user engagement on Shibarium.
K9 Finance’s Bonecrusher solution stakes 2.5M BONE in 48 hours, offering a 33.6% APR and attracting significant user interest.
KNINE token staking on K9 Finance reaches $169,860, reflecting growing activity within Shiba Inu’s Shibarium ecosystem.
K9 Finance has finally integrated with DeFiLlama as the official liquid staking on Shibarium, the Shiba Inu blockchain, as a TVL aggregator in the decentralized finance domain. This listing means users of the platform can immediately track and observe K9 Finance's financial databases on the DeFiLlama panel to advance the burgeoning protocol.
On its official X channel, K9 Finance announced the DeFiLlama listing, which was met with positive feedback from its community. The listing showcases K9 Finance’s ability to secure user trust, as its TVL has surpassed $1.05 million. This figure reflects the total assets secured in K9 Finance’s intelligent contracts, underlining the protocol’s increasing popularity in the Shiba Inu ecosystem.
https://twitter.com/K9finance/status/1838396593348722827 Staked KNINE Token Activity
According to K9 Finance’s page on DeFiLlama, the staked amount of its native token, KNINE, currently stands at $169,860. This figure highlights active user participation in the platform’s liquidity and operational activities. The number of staked tokens is a key indicator of the protocol’s health and user interest, showcasing that K9 Finance draws attention within the broader Shibarium ecosystem.
K9 Finance’s growing TVL and staked token metrics are significant developments as the protocol seeks to further integrate with the Shiba Inu blockchain. With the ability to track these metrics on DeFiLlama, users are provided with an accessible way to monitor the platform’s ongoing activity, a critical feature in the competitive DeFi landscape.
Bonecrusher Liquid Staking Solution Gains Momentum
K9 Finance’s listing on DeFiLlama follows the recent launch of its Bonecrusher liquid staking solution. On September 18, K9 Finance introduced this new feature, allowing users to stake Bone ShibaSwap (BONE) tokens for yield opportunities on Shibarium. Within the first 48 hours of the launch, 2.5 million BONE tokens were staked through Bonecrusher, with $1.5 million directed toward farming knBONE tokens.
The Bonecrusher solution offers an annual percentage rate (APR) of 33.6%, providing a competitive staking option for users looking to earn rewards. The swift accumulation of staked BONE tokens underscores the growing interest in K9 Finance’s liquid staking offerings, further positioning the protocol as a key player in the Shiba Inu blockchain ecosystem.
Despite the progress, some confusion arose regarding K9 Finance’s association with the Shiba Eternity game. Kusama Shytoshi, the lead Developer of SHIB, announced late in August that, Shiba Eternity is not affiliated to the K9 finance. This came after comments made by Buzz, the co-founder of K9 Finance, during a community live stream featuring the Bonecrusher Testnet. Kusama’s clarification helped delineate the boundaries of the K9 ecosystem
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