As we announced a few weeks ago, The Shib will be a bi-weekly magazine moving forward. We are also very pleased to share with you that we will soon reveal our first long-term sponsor. You'll find out more about it in the next edition.
We also brought a set of new features to The Shib, like readers having the option to leave a "like/applause" below the article they enjoyed and users being required to read the magazine articles before being able to mint the cover.
In this edition, you'll discover that Shib just entered the LSD (Liquid Staking Derivative) game with its new partnershib with K9.
We also reviewed the initial weeks of the Bitcoin ETF as well as the best jobs in crypto right now.
Which #Shibarium projects would you like to see next in The Shib? Tell us on Twitter using #TheShib hashtag or in a thread at @shibtoken.
If you have any stories, initiatives, and/or projects that you deem newsworthy for the whole community or if you have pieces of advice for us to make this magazine a worldwide reference, take advantage of this opportunity.
An introduction of the next-gen DeFi infrastructure that aims to advance DeFi technology on Shibarium. Read more.
2) Bitcoin ETF: Boom or Bust? Top 10 Reasons It Could Actually Change Everything
An interpretation of a crypto investor's 10 reasons why the BTC ETF will disrupt everything. Read more.
3) Top 5 Crypto Jobs: Exploring the Most Sought-After Roles in the Crypto Industry
A comprehensive guide to the top 5 jobs for those looking to survey careers in the crypto industry. Read more.
Shib x K9 Finance: A DeFi Movement
An introduction of the next-gen DeFi infrastructure that aims to advance DeFi technology on Shibarium
“Dogs aren’t just man’s best friend. They’re your financial protectors.” – K9 Finance
K9 Finance is to Shibarium what Lido is to Ethereum. The same technology – but even better – is now part of the Shib network. Join us in exploring the benefits and opportunities awaiting users and developers on Shibarium with K9 Finance.
Bringing Real Yield to Shibarium
K9 Finance is a liquid staking derivative (LSD) platform and DeFi infrastructure on Shibarium that provides a seamless way for users to get rewards on their digital tokens through Real Yield.
Here’s how it works: By staking $BONE with K9 Finance, your tokens will remain liquid and can be used across a range of DeFi applications. You can earn extra rewards in various ways and actually experience the benefits of loyalty and blockchain adoption.
As an official Shibarium partner and validator, K9 Finance rewards $KNINE token holders with $BONE earned from validating blocks. Truly an innovator in its own right, this public piece of infrastructure plays an important role in driving the network and the community forward.
Providing Liquid Staking Solutions
What are LSDs for? Why does a layer 2 like Shibarium need this DeFi infrastructure?
When you stake in projects that use Proof-of-Stake (PoS) protocols, your crypto assets are typically locked in one project for prolonged periods in exchange for a fixed staking reward – usually a percentage of the staked tokens. While this approach ensures returns, the potential for generating higher returns from the DeFi ecosystem is limited. For example, if your BONE is delegated to a validator, your BONE is locked for a predetermined reward and you can’t use it anywhere else. So, if you have staked all of your crypto holdings, you won’t be able to invest or trade in more profitable crypto pairs on exchanges.
This is where K9 Finance comes in. With liquid staking, your staked tokens can be used in other trading and DeFi platforms so you can get the best of both worlds: a reward on your staked tokens and returns from other trading opportunities. K9 Finance’s liquid staking token, knBONE, can be used to generate yield while delegating to their validator.
Liquid Yield. Generated by Shibarium. Governed by Dogs.
It’s a win-win situation where the mechanism promotes security while simultaneously driving more value to the Shibarium blockchain through liquid staking.
The First Building Block of DeFi on Shibarium
As mentioned earlier, what we’re seeing here in terms of building the foundation for DeFi in the Shib ecosystem is similar to what we saw Lido, Aave, and Curve do for Ethereum. Lido recently reached an all-time high of $22 billion in TVL, and there is an opportunity to drive some of that volume to Shibarium. In the same way that Lido provides an alternative to PoS staking, K9 Finance is bringing the first building block that developers can use to start building on top of the infrastructure to create a thriving DeFi ecosystem.
This means:
More value = more transactions and volume for all projects
Increased volume and total value locked (TVL) on Shibarium translate to more burns of $SHIB and $BONE. This is how the entire ecosystem can benefit from this partnership.
K9 Finance can also effectively simplify the staking process and offer an alternative to exchange staking, solo staking, and other semi-custodial and decentralized protocols.
Community Governance: The Mandate
The K9 Finance DAO members ensure the decentralized and collective management of the code within its jurisdiction. It also constitutes the Roundtable of Dogs which will act as a layer of security and will be responsible for monitoring transactions. The mandate of the elected council is to cultivate DeFi technology on Shibarium. This means we could soon see different DeFi products and applications being ushered into the blockchain and adopted by its users. The DAO members must own KNINE tokens to become part of the DAO.
Shib x K9 Finance: Shaking Paws in a Dog-Eat-Dog World
K9 Finance’s governance token is set to launch in early March, while the Roundtable of Dogs is currently being assembled and will be announced in the near future.
This partnership and establishment as an official Shib project is a testament to the power of a shared vision for a decentralized ecosystem. With an infrastructure governed by dogs on a network backed by an entire army of SHIB holders and supporters, this could be the forerunner that will shape the future of DeFi.
Bitcoin ETF: Boom or Bust? Top 10 Reasons It Could Actually Change Everything
An interpretation of a crypto investor's 10 reasons why the BTC ETF will disrupt everything
Remember November 2022? Sam Bankman-Fried's collapse sent shivers down everyone's spine, and crypto looked like it was heading for a long winter's nap. But guess what? We're already seeing green shoots in 2024, and one reason's got everyone buzzing: the recently launched Bitcoin ETF.
Now, Fred Krueger over at X.com laid out 10 juicy reasons why this ETF could be a complete game-changer, and we thought we'd add our own two cents (because hey, who doesn't love a good crypto discussion?).
So, forget the FOMO, grab a cold brew, and dive into the top 10 reasons why this ETF is about to catapult crypto into the mainstream.
10. New Money, Who Dis? Fred's right, the post-SBF winter has been chilly for crypto cash flow. But here's the thing: prices are rising, not from fresh fiat, but from pent-up excitement. Picture it: a crowd huddled around a frozen fountain, waiting for the first gush of spring water. That's anticipation, not a new water source. The ETF could be the sun that melts the ice, bringing in a whole new wave of thirsty investors.
9. Wall Street's Graveyard? More Like a Gold Mine. Wall Street loves money, not corpses. Bitcoin's 37% dip might look spooky, but compared to Ethereum's 52% nosedive, it's more like a vampire with a slight tan. An ETF is just the sunlight they need to see the potential, and that's a multi-dollar opportunity they won't bat an eye at.
8. Coinbase Can't Compete. Regulations got Wall Street tied up like a mummy in red tape. They can't directly hold Bitcoin on platforms like Coinbase. But guess what they can do? Buy the ETF. Think of it as a fancy Bitcoin smoothie – all the good stuff, none of the messy bits.
7. Advisors Get the Green Light. Remember those 400,000 financial advisors in the US? They're the gatekeepers of grandma's retirement fund, and right now, Bitcoin is a no-go zone for them. But an ETF? That's like a magic spell that unlocks the crypto vault. Suddenly, they can recommend Bitcoin to their clients, opening the floodgates for mainstream adoption.
6. Tax Time Terror. Even seasoned crypto enthusiasts with Coinbase accounts get spooked by the tax implications of buying and selling Bitcoin directly. It's like a math equation with too many variables. But the ETF? That's like a pre-calculated tax return – simple, clean, and oh-so-tempting. No more fear of the taxman, just pure HODLing bliss.
5. Corporate Cryptophobia. Picture this: a board meeting where a suit proposes investing in Bitcoin directly. The room erupts in nervous coughs and eye rolls. But the ETF? That's like a corporate-approved Trojan horse. It lets companies dip their toes into the Bitcoin pool without the governance nightmares $MSTR and $TSLA went through. Think of it as Bitcoin with a business-friendly makeover.
4. Keys? Who Needs Keys? Let's be honest – dealing with private keys and multisig wallets is like trying to decipher hieroglyphics on a bumpy roller coaster. It's stressful, confusing and, frankly, not for everyone. But an ETF is like a Bitcoin piggy bank with a combination lock your grandma could crack. It solves the custody problem for the crypto-averse majority.
3. Is this BlackRock's Blessing? Fred thinks a big bank's stamp of approval is like garlic to vampires. But let's be real, traditional finance is more Frankenstein than vampire these days, stitched together from acquisitions and legacy systems. They need Bitcoin's fresh blood, not the other way around.
2. Forget the Keys, Ditch the Drama. Custody Solved. You nailed it with the custody headache, Fred. Multisigs? Private keys? Forget about those! The ETF takes care of all that messy stuff, making Bitcoin ownership as smooth as silk. No more cold sweat worrying about lost passwords or hardware wallet mishaps. Grandma can finally join the crypto party without needing a tech-savvy teenager on speed dial.
1. Buckle Up, Boomers! It's Not Just "Number Go Up" – It's a Revolution. You're right, Fred, Boomers might find Bitcoin's tech intimidating, but the ETF makes it as familiar as their morning cup of joe. They'll finally be able to own a piece of the future, diversify their portfolios, and hedge against inflation – all without needing a crash course in cryptography.
What Do We Think?
Here’s our take: The BTC ETF is a groundbreaker, but it's not just about numbers going up. It's about democratizing access to a new asset class, unlocking institutional capital, and laying the foundation for a future where crypto is woven into the fabric of the global financial system.
And, unfortunately, looks like the honeymoon phase might be over for some Bitcoin ETFs. In just two weeks after the launch, their holdings have shrunk by over 11,000 Bitcoins, according to numbers compiled by CoinDesk.
While fancy new ETFs like BlackRock's IBIT and Fidelity's FBTC are attracting some cash, it's not enough to keep up with the money flowing out of the older, more established Grayscale GBTC. Is this a temporary blip or a sign of things to come? Only time will tell.
Now the good news? Crypto ads are back on Google after a five-year nap! This time, they're playing it safe with regulated Bitcoin ETFs, not shady ICOs.
Accumulation Phase of Spot Bitcoin ETFs
Samson Mow, CEO of JAN3, highlighted the impressive accumulation rate of new spot Bitcoin ETFs. He compared individual MicroStrategy purchases (14,600-16,100 BTC) to the daily intake of BlackRock's IBIT (4,700 BTC) and Fidelity's FBTC (4,200 BTC). Combined, these ETFs accumulate nearly 9,000 BTC daily, suggesting their impact on Bitcoin supply might be even greater than expected. This rapid accumulation, according to Mow, surpasses even MicroStrategy's monthly acquisitions, indicating a potentially significant shift in the Bitcoin market.
Beyond the Hype
Here's where things get interesting.
1. The Domino Effect: The ETF isn't just about buying Bitcoin. It's about paving the way for a whole ecosystem of regulated crypto products. Think ETFs for other cryptos – the possibilities are endless.
2. Innovation Unleashed: With the regulatory hurdle cleared, expect a surge in innovation. Imagine new DeFi protocols, easier onboarding solutions, and even crypto-powered insurance.
3. Global Adoption: The ETF could be the key that unlocks the door to international markets. Think Japan, Korea, and other crypto-hungry nations. This ain't just a Wall Street party; it's a global revolution.
Remember this is just our take on Fred Krueger's tweet. Do your research, stay informed, and don't invest more than you can afford to lose. But hey, who knows? Maybe one day owning Bitcoin will be as easy as buying a latte. 😉
Top 5 Crypto Jobs: Exploring the Most Sought-After Roles in the Crypto Industry
A comprehensive guide to the top 5 jobs for those looking to survey careers in the crypto industry
Imagine a world where your job involves more than just coffee runs and endless spreadsheets. Welcome to the thrilling universe of crypto careers. The rise of cryptocurrencies and blockchain has set the job market on fire. We're talking about jobs so cool they make traditional gigs look like snoozefests.
The Rise of Blockchain Technology
Blockchain, the unsung hero behind cryptocurrencies, isn't just shaking up finance; it's doing the cha-cha with industries like healthcare, supply chain, and even voting systems. This tech sensation has sparked a demand for marquees in crypto, unleashing a wave of funky job titles that your grandparents have never heard of (and might not approve of!).
The Potential of Crypto Jobs
A report suggests that the Web3 ecosystem, which includes blockchain and cryptocurrency technologies, has the potential to create 2.2 million jobs in India by 2032. This indicates a massive potential for job growth in the crypto industry globally.
Here’s a list of some of the most lucrative crypto jobs:
1. Blockchain Developer
Blockchain developers are the wizards behind the crypto curtain, crafting decentralized apps (dApps) and writing smart contracts. If coding is your jam and you dream of blockchain, this job is your backstage pass to the crypto concert.
Blockchain developers can make as much as $140k annually. With an average of over 500 job listings posted per month and about 120 applications per job, it's safe to say you have to be the cream of the crop to get a spot. (Source: https://web3.career/web3-salaries/blockchain-developer)
2. Designer
Forget about the dull and dreary – designers in the crypto industry are the Michelangelos of user interfaces. They're the artists ensuring that your crypto experience is as visually stunning as a rocket launch.
There are several categories you can explore when looking for design jobs in crypto. These include User Experience (UX) design, visual design, front-end (HTML, CSS, JavaScript, and other programming languages), and product design.
3. Product Manager
Ever wanted to be the maestro orchestrating a crypto symphony? Product managers in the crypto world oversee the entire life cycle of a crypto product, from brainstorming to launch day festivities.
A product manager in a crypto-based job can earn $163k per year on average. As with most jobs, the salary also depends on seniority level. The maximum that a highly-tenured product manager can make ranges from $200k to $290k per year. (Source: https://web3.career/web3-non-tech-salaries/product-manager)
4. Community Manager/Marketing Associate
If you're the life of the online party, this one's for you. Community managers are the social butterflies of the crypto space, managing forums, organizing digital soirees, and keeping the hype alive.
The essential skills of a community manager include effective communication and engagement, event planning, and customer service. Community managers and marketing associates would do well to have sufficient technical know-how of blockchain and an aptitude for branding and social media marketing.
5. Blockchain Engineer
These tech gurus focus on the brainy stuff: complex algorithms, encryption techniques, and ensuring your crypto coins stay safe and sound. Think of them as the cybersecurity superheroes of the crypto universe.
As the number of businesses adopting blockchain technology continues to increase, so does the demand for blockchain engineers. It is essential for them to have a diverse skill set encompassing the operations, design, development, analysis, implementation, and support of a decentralized blockchain network. Blockchain engineers are especially sought after in the financial and banking sectors.
High Pay in Crypto Jobs
Crypto jobs are known for their lucrative pay scales. For instance, blockchain developers, security consultants, legal experts, UI/UX designers, and researchers are among the highest-paying jobs in the crypto industry.
Whether you're into coding, design, community management, or web stacks, there's a spot for you in this booming industry. The crypto world is buzzing, and the possibilities are as limitless as Elon Musk's ambition.
Dive in, ride the crypto wave, and let your career soar to new heights. The future is now, and it's looking crypto-tastic!
ICYMI, Shib Army…
We’ve got the latest scoop on what’s been happening around Shib – tweets about places that accept $SHIB as payment, Bad Idea AI’s chatbot upgrade, and more. Read on to stay updated!
1. SHIB Is Among the Top 5 Traded Coins on WazirX in January
SHIB dominated trades on WazirX last month, proving that this pup has more bite than bark! WazirX, India's biggest crypto exchange (backed by Binance, the world's largest), is feeling the SHIB love. Want a piece of the action? Start investing for as little as 100 rupees in under 60 seconds with their QuickBuy option. ⚡ Don't miss out on the dog days of crypto!
2. BONE Finds New Feasting Ground
BONE is now available on OKX’s On-Chain Earn product, opening up new possibilities for the SHIB ecosystem. This means you can now chomp on rewards of up to 2.30% APR by staking your precious $BONE. Ready to unleash your inner bone-a-fide earner? Head over to OKX's "Grow" section, look for BONE, and click on “Subscribe” to start earning rewards.
3. Find Out Where Your SHIB Can Fetch You Goodies in 2024
Attention shopaholics! If you didn’t know this before, here’s a selection of stores where you can spend your $SHIB, courtesy of BitPay. You can pay with $SHIB to enjoy the products of luxury giants like Gucci and the services of tech havens like Newegg. There are so many BitPay merchants to choose from and several ways to make payments, including making P2P transactions from your SHIB wallet and buying gift cards using $SHIB.
4. Bad Idea AI Gets Personal with Chatbot 4.2
The $BAD scientists have cooked up version 4.2 of the Bad Idea AI chatbot, and it's packed with new features. Now your Telegram community can have its very own AI persona, adding a touch of fun and personalization to your online space. So, if you're looking to spice things up, give Bad Idea AI a shout!
5. Multisig Wallets Land on Shibarium, Security Gets Pampered
Feeling extra cautious? Shibarium now boasts multisig wallets, allowing multiple parties to authorize transactions. You can manage your digital assets in a decentralized manner and get access to over 130 apps within the ecosystem. By creating your own Safe Account, you can “unlock a new way of ownership.”
6. “Guarda” Your $BAD: Manage and Exchange in Style
$BAD, the token powering the innovative, community-driven project we all love, is now chilling on Guarda Wallet. It is a secure, non-custodial multi-crypto wallet that supports over 50 major blockchains and over 400k tokens. It offers features like staking, exchange services, and cryptocurrency purchases for fiat money.
Manage and exchange $BAD on @GuardaWallet! @badideaai challenges the norm with Blockchain & AI in a unique community-driven project.
We are looking for Shib Superstars within the community. So if you're a successful business owner, someone who is responsible for a community-oriented initiative, or an award-winning athlete, contact us here for a shout-out in a future edition.
P.S. You can also share your favorite memes with your own customized comment/reaction comment (we will credit your Twitter or SNS).
Anyone interested in expanding their reach can benefit from this exciting feature of the magazine. We offer comprehensive marketing packages! This includes the opportunity to be featured on the front page, giving your project maximum visibility. We also offer ad space for those looking to be seen by a vast and varied audience on our platform. If you are interested in finding out more about our packages, shoot us an email at ads@shib.io.
