Shiba Inu’s lead developer, Shytoshi Kusama, recently provided an update on Shibarium validator growth and staking rewards in a Telegram group chat. He outlined a cautious approach to scaling the network and expressed optimism about burning SHIB.
Responding to a user, Kusama explained the team is strategically integrating validators gradually to ensure Shibarium’s security, rather than adding many validators instantly. He said rewards are increasing, though BONE staking payouts may take longer than some expect.
Kusama also noted the contract requires converting $25,000 of BONE to SHIB for burns. This would eliminate over 3.6 billion SHIB coins—a substantial figure requiring significant BONE accumulation beforehand.
While preferring to keep strategy private, Kusama hinted at upcoming changes to accelerate the burn mechanism. He said developers continue working hard behind the scenes to scale up.
Kusama’s comments came as over 46.8 million SHIB got burned in the past day, boosting the burn rate above 90% again. The renewed community burn efforts align with the team’s goals to reduce supply.
The surge in burn rate comes at a time when the burn rate has not been in its best form. Shytoshi struck an optimistic tone about incentivizing validators carefully to strengthen Shibarium and burn more SHIB through platform use. His remarks and the revitalized burn activity reflect building momentum for the ecosystem.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
