K9 Finance DAO

KNINE (K9 Finance DAO), formerly the primary liquid staking and governance protocol on Shibarium, is a defunct and sunset project. Following a major bridge exploit on or around September 13–15, 2025 ('an attacker exploited the Shibarium bridge using a flash loan to purchase 4.6 million BONE tokens, draining approximately $2.4 million in assets'), the protocol was severely compromised. The DAO voted in January 2026 to discontinue Shibarium operations, culminating in a complete project shutdown on February 25, 2026. Active Development and Community Support sections were excluded from scoring (-1.0) due to insufficient active data following the protocol's termination. With remaining scored sections—Tokenomics (2.0), Market and Use Case (2.0), Team and Governance (2.5), and Security and Audit History (2.0)—the redistributed weighted average yields an overall score of 2.1. Given that the protocol has formally ceased operations and utility has ended, the asset carries extreme risk.