K9 Finance (KNINE)

What is K9 Finance

K9 Finance is the leading liquid staking solution for Shibarium - providing a simple way to earn with your digital tokens through Real Yield 1 . By staking with K9 Finance your tokens remain liquid and can be used across a range of DeFi applications, getting extra rewards in a variety of manners; including those DeFi protocols that may be built on top of K9 Finance. The general elements of K9 Finance are as follows:

Staking Pool: Protocol to manage deposits, staking rewards, and withdrawals on Shibarium.

knBONE: Unlike traditional $BONE staking, where users cannot access the $BONE they have delegated to a Shibarium validator, users staking $BONE through K9 Finance receive $knBONE in return. Backed 1-to-1 with $BONE, $knBONE is freely transferable, allowing users to continue to use their tokens in other DeFi platforms for leveraging collateral, lending, or farming, while still helping to secure the Shibarium network.

DAO: $KNINE token holders who comprise the leadership of the project to govern the direction.

Validator(s): Entity that manages a secure and stable infrastructure for running a validator client on Shibarium.

Shibarium is and remains a primary focus of K9 Finance. That’s affected the organizational structure - the governance is implemented through ERC20 $KNINE token due to the architecture of Shibarium nodes. Despite being the primary focus, K9 does have the ability to grow outside of the Shibarium ecosystem as well through the DAO governance process to build similar liquid staking infrastructure for other chains.