Georgetown, Cayman Islands – The core contributors of Quickswap, known for their success on the Polygon network, have launched their new venture called Kinetix Finance on the Kava Chain. Kava Chain is a Layer-1 Cosmos-Ethereum interoperability Blockchain. Kinetix Finance offers a perpetual exchange specifically designed for users who want to leverage trade without the limitations of centralized exchanges.
The innovative Perpetual Market provided by Kinetix Finance allows users to engage in leveraged Trading on the Kava Chain. This market meets the increasing demand for decentralized trading solutions by offering users the opportunity to gain leveraged exposure to crypto assets such as KAVA, axlETH, axlWBTC, ATOM, and USDt while ensuring transparency and Security.
Alexi Atlas, the team lead of Kinetix, emphasized that the Perpetual Market is not just another trading platform but a reflection of their dedication to providing decentralized solutions that empower users. The platform offers a unique, secure, and efficient way to engage in leveraged trading on the Kava Chain.
The core feature of Kinetix’s Perpetual Market is the liquidity pool system called KLP. Liquidity Providers (LPs) can contribute any of the initial five supported assets, including KAVA, axlETH (ETH), axlBTC (BTC), ATOM, and USDT. In return for their contribution, LPs receive KLP, a special liquidity token representing the entire basket of assets. This decentralized structure, combined with the protocol’s automated market maker (AMM), enables leveraged trading by allowing users to borrow against the value of their collateral.
Scott Stuart, Co-founder of Kava Chain, praised Kinetix’s Perpetual Market for its suite of features tailored to sophisticated DeFi users. He stated that the decentralized nature of the platform ensures positions of any size can be taken with clarity and safety. Stuart also highlighted the familiarity and ease of use for traders with the KLP token, which is a nod to traditional liquidity pool systems.
To stay updated with the latest developments, users can follow Kava Chain and Kinetix Finance on X (formerly known as Twitter).
About Kava:
Kava Chain is a secure and fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single scalable network. It is a trusted choice for developers and users worldwide, committed to fostering innovation and growth.
About Kinetix:
Kinetix Finance aims to build a DeFi Hub that offers perpetual futures trading and sophisticated trading instruments on Kava. Their goal is to connect the major building blocks of decentralized finance, providing users with the best trading experience..
#Core #Quickswap #Members #Launch #50x #Leverage #Kava #Chain
The innovative Perpetual Market provided by Kinetix Finance allows users to engage in leveraged Trading on the Kava Chain. This market meets the increasing demand for decentralized trading solutions by offering users the opportunity to gain leveraged exposure to crypto assets such as KAVA, axlETH, axlWBTC, ATOM, and USDt while ensuring transparency and Security.
Alexi Atlas, the team lead of Kinetix, emphasized that the Perpetual Market is not just another trading platform but a reflection of their dedication to providing decentralized solutions that empower users. The platform offers a unique, secure, and efficient way to engage in leveraged trading on the Kava Chain.
The core feature of Kinetix’s Perpetual Market is the liquidity pool system called KLP. Liquidity Providers (LPs) can contribute any of the initial five supported assets, including KAVA, axlETH (ETH), axlBTC (BTC), ATOM, and USDT. In return for their contribution, LPs receive KLP, a special liquidity token representing the entire basket of assets. This decentralized structure, combined with the protocol’s automated market maker (AMM), enables leveraged trading by allowing users to borrow against the value of their collateral.
Scott Stuart, Co-founder of Kava Chain, praised Kinetix’s Perpetual Market for its suite of features tailored to sophisticated DeFi users. He stated that the decentralized nature of the platform ensures positions of any size can be taken with clarity and safety. Stuart also highlighted the familiarity and ease of use for traders with the KLP token, which is a nod to traditional liquidity pool systems.
To stay updated with the latest developments, users can follow Kava Chain and Kinetix Finance on X (formerly known as Twitter).
About Kava:
Kava Chain is a secure and fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single scalable network. It is a trusted choice for developers and users worldwide, committed to fostering innovation and growth.
About Kinetix:
Kinetix Finance aims to build a DeFi Hub that offers perpetual futures trading and sophisticated trading instruments on Kava. Their goal is to connect the major building blocks of decentralized finance, providing users with the best trading experience..
#Core #Quickswap #Members #Launch #50x #Leverage #Kava #Chain
