Shibarium Liquid Staking Launch Date Announced, BONE Staking Goes Live on September 18

On Thursday, the Shiba Inu marketing lead Lucie (@LucieSHIB) announced the official launch date for liquid staking on the Shibarium network. The announcement was made through a video posted on

Shiba Inu (SHIB) is set to integrate a crucial feature into its ecosystem with the launch of liquid staking on Shibarium. This integration is being spearheaded by K9 Finance, a Liquid Staking Derivatives (LSD) platform.

Shiba Inu Marketing Lead Announces Liquid Staking Launch Date

Shiba Inu's marketing lead, Lucie, took to X on August 15 to announce the launch date for liquid staking on Shibarium. A video posted on the platform by K9 Finance highlighted this integration.

Lucie announced the launch date in a tweet:

“Let’s give a huge shoutout to the incredible @K9finance team!

"Liquid staking is on its way to SHIBARIUM.

"The $KNINE testnet is live for everyone.

"Mark your calendars: Liquid Staking launches on @ShibariumNet this September 18.”

Shibarium, a layer-2 blockchain solution, is designed to enhance the scalability and reduce the transaction costs of SHIB and related tokens. The integration of K9 Finance will enable users to stake their BONE tokens.

In return for staking BONE, users will receive knBONE, a liquid staking derivative token. This token functions like a tradable receipt, representing the user's stake. It can be freely traded or utilized as collateral in various DeFi applications.

This model helps maintain the liquidity of assets, allowing users to participate in other financial activities without locking up their resources. This integration also enhances the flexibility and potential for additional earnings through DeFi platforms.

The initial testing phase for the BONE Crusher feature began in the last week of July, targeting large-scale token holders — known colloquially as 'whales' — who possessed at least 400 million KNINE DAO tokens.

This phase allowed these large stakeholders to participate actively in the staking process, enabling them to stake BONE, earn knBONE, and participate in earning additional rewards, including partner tokens and retroactive KNINE rewards.

Following the successful completion of this phase, K9 Finance is now opening the testnet to the broader public, eliminating previous restrictions and allowing a more extensive user base to engage with the test features.

With the mainnet launch on September 18, the project enters the second of three phases. The second stage, ‘Boro’, was scheduled for a mainnet launch in Q3 20204 and will thus arrive perfectly in time.

Boro draws its name from the extinct Borophaginae, a nod to the “BONE crushing dogs” that inspire this stage. It signifies the full-scale operational deployment of the core liquid-staking product of K9 Finance on the Shibarium network.

The final phase, ‘Caninae’, scheduled for Q4 2024, will see the launch of a V2. This stage will include “all living dog species, including the Shiba Inu! It is the modern-day Canine and is symbolic of building K9 to become the modern expectation of a fully decentralized liquid-staking derivative product. It is the finalization of K9,” as per announcement in March this year.

Notably, K9 Finance DAO launched its native governance token, KNINE, on March 7. This ERC20 token was initially available exclusively on Uniswap.

At press time, SHIB trades at $0.00001370.