As a result of their success on Polygon, several Quickswap main contributors have started their next project, Kinetix Finance, on Kava Chain. A Layer-1 Cosmos-Ethereum interoperability blockchain is Kava Chain. Users who want to leverage trading without being constrained by centralized exchanges will benefit from the Kinetix Finance everlasting exchange.
The cutting-edge Perpetual Market from Kinetix enables users to leverage trades on the Kava Chain. The Perpetual Market satisfies the growing need for decentralized trading solutions by providing users with leveraged exposure to digital assets like KAVA, axlETH, axlWBTC, ATOM, and USDt while maintaining the highest levels of security and transparency.
Kinetix team lead Alexi Atlas said: “The Perpetual Market is not just another trading platform — it is a reflection of Kinetix’s dedication to providing decentralized solutions that empower our users. With this platform, we’re offering a unique, secure, and efficient way to leverage trade on the Kava Chain.”
The unique liquidity pool system, KLP, is the brains behind Kinetix’s Perpetual Market. Any of the first five supported assets—KAVA, axlETH (ETH), axlBTC (BTC), ATOM, and USDT—can be offered by LPs. Participants receive KLP, a unique liquidity token that stands in for the complete basket, in exchange for their contributions of these tokens. Leverage trading is made possible by the protocol’s AMM and decentralized structure, which enable users to borrow money based on the value of their collateral.
“Kinetix’s Perpetual Market boasts a suite of features tailored to cater to sophisticated DeFi users. Its decentralized nature guarantees that positions of any size can be taken with clarity and safety,” said Scott Stuart, Kava Chain Co-founder. “And the KLP token is a nod to traditional liquidity pool systems, ensuring familiarity and ease of use for traders.”
Follow Kava Chain and Kinetix Finance on X (a.k.a. Twitter) for further updates.
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- Source: https://zycrypto.com/quickswap-core-contributors-launch-50x-leverage-on-kava-chain/
