[ad_1]
Advertising
Georgetown, Cayman Islands, Aug. 30, 2023, Chainwire
Various core Quickswap contributors, celebrating their success on Polygon, have launched their next venture: Kinetix Finance on Kava Chain. Kava Chain is a Layer-1 Cosmos-Ethereum interoperable blockchain. Kinetix Finance’s perpetual exchange is designed for users who want to take advantage of trading without the limitations of traditional centralized exchanges.
The innovative Kinetix Perpetual Market allows users to take advantage of trading on the Kava Chain. Perpetual Markets meets the growing demand for decentralized trading solutions, offering users leveraged exposure to crypto assets such as KAVA, axlETH, axlWBTC, ATOM, and USDt while ensuring maximum transparency and security.
“Perpetual Markets is not just a trading platform — it is a reflection of Kinetix’s dedication to providing decentralized solutions that empower our users. With this platform, we offer a unique, secure, and efficient way to leverage trading on the Kava Chain,” said Kinetix team lead, Alexi Atlas.
At the heart of the Kinetix Perpetual Market is its signature liquidity pool system, KLP. LPs can offer one of five supported initial assets: KAVA, axlETH (ETH), axlBTC (BTC), ATOM, and USDT. In return for contributing these tokens, participants receive KLP, a special liquidity token that represents the entire basket. This decentralized structure, combined with the AMM protocol, facilitates leverage trading, allowing users to borrow based on the value of their collateral.
“Kinetix Perpetual Marketplace offers a suite of features tailored to serve advanced DeFi users. Its decentralized nature ensures that positions of any scale can be taken clearly and securely,” said Scott Stuart, co-founder of Kava Chain. “And the KLP token draws on traditional liquidity pool systems, ensuring familiarity and ease of use for traders.”
For more updates, follow Kava Chain And Kinetix Finance in X (if Twitter).
About Kava
Kava Chain is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in one scalable network. Committed to driving innovation and growth, Kava Chain is the trusted choice for developers and users worldwide.
About Kinetix
Kinetix Finance is building a DeFi Hub featuring perpetual futures trading and the most advanced trading instruments on Kava, connecting the main building blocks of decentralized finance. Your best trade, every trade.
Contact
Media Manager
Guillermo Carandini
Kava
[email protected]
[ad_2]
Source link
