Ok, so, slowly getting back into crypto things again.
I have tried to take a break from it all for some time, due to reasons… lol. I have been focusing more on real life, and I will continue to do that further ahead too. But I also want to participate more in this space again.
The difference now is balance.
Before, it was maybe 90% of my money and time going into blockchain, and the 10% that was left went to IRL things. From now on I want to turn that around.
My status now is that instead of ending up being able to buy a sailboat for 500K, I bought one for 500$. But I am ok with that. The boat is floating now, even if it was not when I bought it, and I am living my life <3
So, with that said, back to K9 Finance DAO.
K9 Finance DAO after Shibarium
The migration is getting closer, and I think it is time to bring life back into the discussion of what we, as a DAO, think K9 Finance can become in the future.
A lot has happened. The Shibarium bridge hack, the shutdown of Bonecrusher and Shibarium operations, the migration process, and the fact that the future of K9 is now much more in the hands of the community.
I do not write this as “this is the only right way.” These are just my thoughts, shared to start discussion again.
1. K9 should continue as a trustworthy and transparent DAO
For me, the most important thing is that K9 Finance DAO continues the path of being trustworthy, transparent, and serious.
K9 went through a very bad situation, but I still think there is value in the name, the community, the DAO history, and the fact that people did not just disappear when things got hard.
Going forward, trust needs to be protected even more than before.
That means clear communication, clear budgets, clear responsibilities, and clear expectations. If money is spent, the DAO should understand why. If people are paid, the DAO should understand what work is being done. If a direction is chosen, the DAO should understand the risks and the plan.
2. Some kind of accountability / verification for people working for K9
I have also been thinking that everyone who officially works for K9 Finance DAO in a trusted role should have some sort of accountability framework.
This could include RToD members, mods, developers, treasury-related roles, or anyone else with access to important systems, information, funds, or official communication.
I do not mean that people’s real names and addresses should be publicly displayed. That would not be right, and privacy still matters.
But I do think there should be some kind of confidential verification, handled properly, so that if something serious happens, the DAO is not completely blind. Maybe this is handled by a legal representative, a trusted third party, or a clearly defined governance process.
I do not know exactly how this should be done, how much it would cost, or what the legal/privacy details would be. But I think the discussion should be started.
Trust is good. Verification is better. And in crypto, we have seen too many times what happens when there is no accountability at all.
3. Think in years, not weeks
I want K9 Finance DAO to think long term.
I want K9 to still be alive years from now.
Because of that, I do not think the best use of remaining funds is to rush into building “something” just because we feel like we need action fast.
In my opinion, trying to dev out a new product that maybe could become a success, using most of what is left in the treasury, is not the path I would choose right now.
I think the DAO should first focus on survival, stability, and slow growth.
Spend carefully. Reduce waste. Build confidence. Create income where possible. Then, while that is going on, the DAO can calmly and realistically discuss what K9 can deliver to blockchain and Web3 in the future.
Not panic building. Not hype building. Real building.
4. Remove buy/sell tax and make KNINE easier to trade
One thing I have been thinking about is whether K9 should remove buy and sell tax completely and move toward free trading.
My reasoning is simple: taxed tokens are harder to integrate with modern DeFi infrastructure. Fee-on-transfer style tokens can create problems for V3-style pools, routers, and liquidity management. For the long run, I think it would be better if KNINE was as easy as possible to trade, LP, integrate, and build around.
If K9 wants to attract new investors, new LPs, and maybe new builders, then the token should be simple and clean to use.
Uniswap V3 style liquidity could be important because LPs can choose ranges, liquidity can be more capital efficient, and the DAO or community could use more advanced liquidity strategies.
Of course, removing tax also means removing that source of income, so the DAO would need another plan. But I think long term accessibility and liquidity may be more valuable than keeping a tax that limits where and how KNINE can be used.
5. Treasury strategy: liquidity first, but carefully
For K9 to continue, money is needed.
My thought is that a large part of remaining funds could be used to create real, useful liquidity. For example, maybe something like 70% into LP, and the rest kept in safer reserves or other conservative treasury positions.
I am not saying 70% is the exact correct number. Maybe it should be 50%, maybe 60%, maybe something else. The point is that I think the treasury should be used in a way that gives K9 a base to rebuild from.
Risk is always there. LP has risk. “Safe” investments also have risk. But doing nothing also has risk.
The DAO should discuss what level of risk is acceptable, what chains/pools make sense, who manages it, and how often the strategy is reviewed.
Slow and steady is better than spending everything on one big idea.
6. Income split into three parts
If K9 creates income again, I think it should be split into three main parts:
- Treasury growth
- Payments to people working for K9
- Rewards for holders who stake or lock KNINE
The treasury needs to grow because without treasury there is no future.
The people working for K9 should be paid because real work deserves real compensation. That includes devs, mods, RToD, and anyone else officially assigned to work for the DAO. I do think RToD should be paid too, if the role has real responsibility and time commitment.
And holders should also have a reason to stay, support, and lock for the long term.
7. Bring back one part of Bonecrusher: staking and locking
I do not think Bonecrusher can simply come back in its old form.
But I do think one part of it can come back in a new form: K9 staking and locking.
Something like:
- Stake KNINE with no lock and receive smaller rewards
- Lock KNINE for longer periods and receive higher rewards
- 12 month lock gets the highest reward
- Rewards come from a defined part of K9’s real income
- No inflationary rewards unless the DAO specifically votes for it
- Rewards should be based on actual revenue, not promises
This creates a reason to hold, a reason to lock, and a reason to think long term.
One speculative thought: could locked KNINE be used by the DAO to help support LP?
I do not know if that is technically or legally the right idea. And if it was ever done, it should only be with clear user consent, clear risk explanation, and DAO approval. But I think it is worth discussing if there is a way for locked tokens to support both holders and protocol-owned liquidity.
The above is mostly based on a Base-style build idea, but the bigger principle is chain independent: staking and locking should support long term alignment.
8. What I do not want
I do not want K9 to rush.
I do not want the DAO to spend what is left just because we feel pressure to “do something.”
I do not want vague roadmaps with no budget.
I do not want promises without execution.
And I do not want K9 to forget that trust, transparency, and community are probably the most valuable things still left.
Final thoughts
Again, this is not me saying “this is absolute and this is the only way.”
This is me sharing thoughts to bring the discussion alive again.
I do think it is better to think long term instead of only asking what is best to build right now.
It is kind of like what happened to me IRL.
Well, shit happened. The sailboat for 500K is far gone. So what can I do right now?
I can buy one for 500$ and build it up from there.
It will take lots of time, lots of work, and lots of money. But the money can be spread out over a longer time, which makes it possible. It did not go as I hoped for, but I can still do what I wanted, just in another way.
Maybe K9 is in the same kind of place.
The big plan did not go as hoped. But that does not mean the story has to end.
Maybe we start with the 500$ boat.
Make sure it floats.
Fix one thing at a time.
And slowly build from there 