Shiba Inu’s (SHIB) Burn Rate Plummets 92% After Shibarium Beta Launch

Shiba Inu’s (SHIB) Burn Rate Plummets 92% After Shibarium Beta Launch

admin 19. Februar 2023

• Developers launch Bone ShibaSwap (BONE) Proposal
• Shiba Inu’s (SHIB) burn rate decreased significantly after the news
• Unification introduces Liquid Staking Derivative and T-BONE token to Shibarium Beta

Bone ShibaSwap (BONE) Proposal

Developers confirmed Bone ShibaSwap (BONE) to be the only gas fee token for Layer-2. Unification is working on a Liquid Staking Derivative (LSD) token on ETH, and SHIB holders are expecting an increase in demand once launched.

Shiba Inu’s Burn Rate Decreases

Following the news, Shytoshi Kusama posted an 8-minute long introduction to Shibarium. The SHIB Army sent 2,358,975 SHIB tokens ablaze in the last 24 hours which equals just $30.69. This suggests unwillingness from SHIB holders despite rapid growth of community and emergence of side projects dedicated to burning.

Unification Introduces Liquid Staking Derivative & T-BONE Token

The Unifcation team introduced themselves to public and published BONE proposal with Liquid Staking Derivatives (LSD). If approved, it would bring staked $FUND to Ethereum (ETH) and could be traded on Curve Protocol. Furthermore, Ringoshi Toitsu explained that $BONE could be staked on Shibarium with receiving wrapped version called T-BONE back. This means that T-BONE can be paired with $BONE for higher APR while maintaining liquidity of Shibarium.

SHIB Fans Show Unwillingness

Many members expected to see launch of Shibarium Beta on Valentine’s Day but ended up disappointed when only 2,358,975 SHIB tokens were sent ablaze in last 24 hours which equals just $30.69 USD worth of tokens burned due to lack of motivation from SHIB holders.


To conclude, developers have launched the Bone ShibaSwap (BONE) proposal by Unification introducing Liquid Staking Derivatives and T-BONE token along with it while decreasing burn rate of Shiba Inu Tokens shows unwillingness from its fans due to lack of proper motivation from official team or even community itself.