K9 Finance's long-awaited liquid staking protocol will be launched on the Shiba Inu ecosystem's layer 2 scaling network, Shibarium. This integration will disrupt traditional staking processes, allowing users to stake their BONE tokens and earn rewards while maximizing their staked tokens. The liquid staking feature is expected to boost the total value locked (TVL) and transaction volume on Shibarium, ultimately increasing the burn rate of SHIB tokens. K9's founder predicts that the TVL on Shibarium could increase by 50 times, reaching $50 million. Additionally, the new staking procedure will enhance transaction volume and result in more SHIB tokens being burned, reducing the circulating supply. The launch of liquid staking may also drive bullish sentiment and potentially increase the price of SHIB.



Other News from Today