- K9 Finance introduces Bone Crusher, a mobile liquid staking app for Shiba Inu’s DeFi ecosystem.
- Bone Crusher’s user-friendly interface and dynamic features aim to streamline staking processes, contributing to Shibarium’s TVL growth.
- Anticipated launches of Bone Crusher on Shibarium mainnet and version 2 promise enhanced functionality.
K9 Finance recently unveiled an update of the mobile version of its liquid staking application, Bone Crusher, designed for Shiba Inu’s decentralized finance (DeFi) ecosystem. The update, made through a post on X, showcased the app’s functionality including a dynamic interface tailored for mobile users seeking to engage with the ShibaSwap platform on the go.
The app allows users to stake Bone ShibaSwap (BONE) tokens and earn passive income through validator rewards and liquidity tokens named knBONE. A demonstration video accompanied the announcement, guiding potential users through the app’s features, such as staking, unstaking, and claiming rewards.
Functionality and User Interface
Bone Crusher boasts a user-friendly interface with visually appealing graphics, ensuring a seamless user experience. The homepage offers options like Stake, Unstake, Claim, and Rewards, as well as an FAQ section to assist newcomers. A dedicated menu button provides access to additional features including Real Yield Staking and Farming.
According to the information shared, K9 plans to launch the app later this year, enhancing the Shibarium network’s capabilities. The company aims to facilitate easier and more accessible staking processes through its mobile platform, addressing the needs of users who prefer on-the-go transactions.
Upcoming Launch and Strategic Developments
Looking ahead, Bone Crusher is set to debut on the Shibarium mainnet in the third quarter of 2024. This follows a thorough testing phase scheduled for completion by the end of this quarter. Moreover, the anticipated version 2 of Bone Crusher is slated for a release in the fourth quarter, promising a suite of enhanced features and an extensively tested liquid staking product.
This development is expected to contribute to Shibarium’s total value-locked (TVL) growth, currently at approximately $2.49 million. The introduction of Bone Crusher aligns with K9 Finance’s objective to expand its footprint in the DeFi sector and provide robust tools for cryptocurrency enthusiasts.
