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Official Shibarium Launch Date Revealed by Shiba Inu Developers
###Shibarium's Liquid Staking Launch Announced for September 18
The Shiba Inu ecosystem is set to reach a significant milestone with the introduction of liquid staking on the Shibarium network. The marketing lead for the project recently shared this exciting news through a video announcement on social media.
###Key Details of the Liquid Staking Launch
The liquid staking feature, developed by K9 Finance, will allow users to stake their BONE tokens and receive knBONE in return. This liquid staking derivative token can be freely traded or used as collateral across various decentralized finance platforms, providing users with increased flexibility and potential earnings opportunities.
###Phased Rollout and Testing
The rollout began in late July 2024 with the "BONE Crusher" phase, which focused on testing among major token holders. Currently, the project is in the Public Testnet phase, allowing broader community access. The official mainnet launch of liquid staking is scheduled for September 18, 2024. Following this, the "Boro" phase will commence in Q3 2024, marking the full operational launch of the primary product. The final "Caninae" phase, planned for Q4 2024, will introduce V2 with advanced features.
###Enhancing the Shibarium Ecosystem
Shibarium, the layer-2 blockchain solution, aims to improve scalability and reduce transaction costs for the Shiba Inu ecosystem. The addition of liquid staking is expected to further enhance the network's utility and attract more users to the platform.
###Future Prospects and Development
As the project moves forward, the team behind Shibarium continues to work on expanding its capabilities. The upcoming Boro and Caninae phases promise to bring additional features and improvements to the network, solidifying its position in the evolving blockchain landscape.
###Market Impact and Token Performance
The announcement of the liquid staking launch has generated significant interest within the cryptocurrency community. As of the latest update, SHIB is trading at $0.00001286, reflecting the market's response to these developments.
SHIB Price Following Shibarium Liquid Staking Announcement