Shiba Inu Ecosystem Welcomes K9 Finance DAO and Unification to Shibarium
Shiba Inu Ecosystem Celebrates New Integrations
In an exciting development, K9 Finance DAO (KNINE) and Unification (FUND) have officially migrated to the popular Layer-2 scaling solution, Shibarium. The tokens were integrated into the L2 network yesterday via the Shibarium Bridge, a technological innovation that links assets from Ethereum to the Shiba Inu blockchain.
The Shiba Inu ecosystem team celebrated this integration on X, highlighting the enhanced functionalities and operations that K9 Finance and Unification will bring to their ecosystem.
Highlighting the Roles of K9 Finance and Unification
K9 Finance is introduced as Shibarium’s leading liquid derivatives platform (LSD), offering innovative solutions to maximize yields. Officially launched on Ethereum on March 7, 2024, K9 Finance enables users to participate in DeFi opportunities without restrictions, maintaining asset liquidity.
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The Shiba Inu team also emphasized Unification’s role in connecting FUND to Shibarium. This integration is set to enhance utility and accessibility within the Shiba Inu ecosystem. Unification, a major developer of Shibarium, made significant contributions to the network’s launch in August 2023. The team expressed gratitude to Unification and K9 Finance DAO for choosing Shibarium, reflecting their confidence in the network’s potential.
Shibarium Bridge Update
The Shibarium Bridge, launched last year alongside the L2 scaling solution, allows users to transfer assets from Ethereum to Shibarium. Initially, users could withdraw Shiba Inu ecosystem tokens like SHIB and LEASH within 45 minutes to three hours. In May, Shibarium developers reduced the bridge time for BONE to 45 minutes from seven days. This improvement also applies to other tokens, indicating that FUND and KNINE can now be bridged to Shibarium in under an hour.
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