Kinetix Finance, a venture launched by core contributors of Quickswap, has unveiled its new Perpetual Market on Kava Chain. Kava Chain is a Layer-1 Cosmos-Ethereum interoperability blockchain. The Perpetual Market offers users leveraged exposure to crypto assets such as KAVA, axlETH, axlWBTC, ATOM, and USDt, while ensuring utmost transparency and security.At the heart of Kinetix’s Perpetual Market is the KLP liquidity pool system. Liquidity providers can offer any of the five supported assets and receive KLP tokens in return. This decentralized structure, combined with the protocol’s AMM, facilitates leverage trading, allowing users to borrow based on the value of their collateral.Kinetix’s Perpetual Market is tailored for users eager to leverage trade without the limitations of traditional centralized exchanges. It boasts a suite of features designed to cater to sophisticated DeFi users, ensuring clarity and safety for positions of any size.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. Kinetix Finance is building a DeFi Hub featuring perpetual futures trading and the most sophisticated trading instruments on Kava, connecting the major building blocks of decentralized finance.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇰🇾 🇺🇸 |
| Sentiment | positive |
| Relevance Score | 8 |
| People | Scott Stuart, Alexi Atlas |
| Companies | Ethereum, Kinetix Finance, Binance, Kava Chain, Cosmos |
| Currencies | Kava, Cosmos Hub, Axelar Wrapped Ether, Tether, axlWBTC |
| Securities | None |
