What is K9 Finance, and why should Shibarium community care?

K9 Finance is a platform for Shibarium that lets you stake your BONE tokens in a way that keeps them flexible. Similar to how Lido works for Ethereum, K9 Finance helps secure the Shibarium blockchain by allowing users to delegate BONE to validators. In return, users receive an LSD token called knBONE, representing BONE and serving as Shibarium's gas fee token. While your tokens are delegated, you can still use them for various DeFi activities, maximizing your potential earnings.

This approach ensures that your BONE stays liquid, providing more flexibility compared to traditional staking methods.

According to Buzz, the main developer, it's about earning more and effectively "putting your $BONE to work" within the DeFi landscape.

Regarding K9 Finance's contribution to the $SHIB token burns, The K9 product serves as a catalyst for Shibarium adoption by providing a DeFi solution. The more users engage with their product, the greater the burn rate of $SHIB tokens.