This forum post has one clear purpose: to ask the community which chain they want the stolen 25% KNINE minted on, following the passage of Option 5.
Before getting to the vote itself, it’s important to ground this discussion in what Option 5 passing functionally means for the community and what it does not mean.
Option 5 has the K9 developers working on a two-phased approach to execute the details of option 5.
- Phase 1: Shut down Shibarium operations to save costs
- Phase 2: Mint the hacked KNINE on a new chain
Simultaneous to that multi-month effort, the DAO community may propose next steps for K9 DAO to pursue.
Why Option 5 Passed
Option 5 was a vote that recognized that the Shib team was responsible for the Shibarium bridge hack due to improper security practices and that there is not a belief in the Shib Owes You (SOU) system of on-chain debt acknowledgement being proposed.
It was recognition that K9 DAO as a whole is unwilling to make debt payments to Shib… To pay back its own holders who were impacted the most.
The SOU program is an on-chain acknowledgement that Shib does not have the money to repay K9 users, so the K9 DAO needed to act outside of that to help its users.
K9 users are STILL owed from Shiba Inu despite the DAO voting to do its own recovery efforts simultaneously to the SOU efforts.
What Option 5 Was — and Was Not
Option 5 was not a vote to:
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Launch liquid staking on another chain
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Create a new roadmap
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Expand K9 DAO into new ecosystems
Option 5 was a vote to:
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Shut down the product on Shibarium
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Mint replacement KNINE on another chain for affected users
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Preserve the treasury and cut costs
K9 DAO is, and always has been, a liquid staking product for Shibarium. While the litepaper mentions the possibility of future expansion, that assumption was always tied to Shibarium being profitable.
The dev team is not being asked to “figure out what’s next.” They are being asked to execute exactly what was voted for — and that work alone is complex and will take months.
Specifically:
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Shutting down Bonecrusher
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Minting the stolen KNINE on a new chain
There are hundreds of individual steps required just to do those two things correctly.
An Important Acknowledgement
This recovery path is only possible because K9’s developers were able to stop the hacker.
Using the blacklist functionality, the team prevented further damage and preserved the ability for the DAO to execute a controlled recovery. Without that intervention, there would be no stolen supply to re-mint and no realistic recovery option to vote on.
That effort is the reason this chain vote exists at all.
The Chain Vote
As part of executing Option 5, the community must now decide which chain the stolen 23% KNINE should be minted on.
Based on feasibility, infrastructure, and current discussions, the Roundtable is proposing two options:
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BNB
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Base
These are the only options being put forward at this time. If you would like to propose an additional chain you may comment your suggestion in this forum proposal and it will be reviewed by the community for potential inclusion in the vote.
If no additional chains are formally proposed with rationale and support, the vote will proceed between BNB and Base.
This vote is only about where the stolen supply is minted.
It does not imply:
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A new product launch
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Liquid staking on the chosen chain
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A new roadmap
Those would require separate proposals, budgets, and execution plans from the community.
What Happens Next
Right now, the priority is simple:
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Execute the recovery the community voted for
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Shut down Shibarium operations cleanly
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Reduce costs and preserve runway
If there is a “what’s next” beyond that, it must come from the community in the form of:
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A concrete idea
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A real roadmap
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A budget
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A plan to execute
The DAO is open to proposals — but they need to be actionable.