OKX has revealed it will remove BONE, Shibarium’s governance token, from its Decentralized Earn Program, an unexpected change that has caught many by surprise.
Effective June 2, 2025, at 3:00 am UTC, BONE will no longer be supported in OKX’s On-chain Earn program, as confirmed by updates from the Shibarium team. This move marks a clear shift in how the token is integrated within OKX’s platform.
To facilitate this change, OKX will provide a 5-day redemption window beginning on June 2. During this period, users can withdraw or redeem any BONE tokens they have staked. After this window closes, staking rewards for BONE on OKX will cease entirely.
Despite this platform-specific change, it’s important to note that this decision does not impact BONE’s overall utility or its trading status on other platforms. BONE remains actively traded on spot markets and continues to function as the official gas token of the Shibarium network, which itself is actively developing and expanding.
Therefore, this removal affects only the staking service on OKX and does not influence the broader Shibarium ecosystem or BONE’s core functions. The token holders should view this as a platform-specific update rather than a reflection of the token’s overall health or value.
In conclusion, while OKX’s decision will require adjustments from users who rely on its Earn program, BONE’s role within Shibarium remains unchanged. Investors and users can continue to engage with BONE across other platforms and within the growing Shibarium ecosystem.