Several Quickswap core contributors, celebrated for their success on Polygon, have launched their next venture: Kinetix Finance on Kava Chain. Kava Chain is a Layer-1 Cosmos-Ethereum interoperability blockchain. The Kinetix Finance perpetual exchange is tailor-made for users who would like to take advantage of trading without the limitations of traditional centralized exchanges.
Kinetix’s innovative Perpetual Market allows users to leverage trading on the Kava Chain. Meeting the rising demand for decentralized trading solutions, the Perpetual Market provides users with leveraged exposure to crypto-assets such as KAVA, axlETH, axlWBTC, ATOM, and USDt, while ensuring the utmost transparency and security.
“The Perpetual Market is not just another trading platform – it is a reflection of Kinetix’s commitment to providing decentralized solutions that empower our users. With this platform we offer a unique, safe and efficient way to boost trade on the Kava Chain.” said Kinetix team leader Alexi Atlas.
At the core of Kinetix’s Perpetual Market is its signature liquidity pool system, KLP. LPs can offer any of the five initially supported assets: KAVA, axlETH (ETH), axlBTC (BTC), ATOM, and USDT. In return for contributing these tokens, participants will receive KLP, a special liquidity token representing the entire basket. This decentralized structure, combined with the protocol’s AMM, facilitates leveraged trading, allowing users to borrow based on the value of their collateral.
“Kinetix’s Perpetual Market has a suite of features tailored for advanced DeFi users. Its decentralized nature ensures that positions of all sizes can be taken with clarity and security.” says Scott Stuart, co-founder of Kava Chain. “And the KLP token is a nod to traditional liquidity pool systems, bringing familiarity and ease of use to traders.”
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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 a single, scalable network. Committed to fostering innovation and growth, Kava Chain is a trusted choice for developers and users around the world.
About Kinetix
Kinetix Finance is building a DeFi Hub with perpetual futures trading and the most advanced trading tools on Kava, connecting the key building blocks of decentralized finance. Your best trade, every trade.
Disclaimer: This is a paid post and should not be treated as news/advice.