Avalanche Asia Star Fund, or AVATAR, which is a strategic investment firm focused on investing, incubating and supporting the development of the fast growing Avalanche ecosystem, recently signed a partnership agreement with the Ethereum-based decentralized derivatives protocol KINE. AVATAR will make strategic investments in KINE to promote the rapid development of the KINE ecosystem. KINE has already completed its deployment on the open and programmable Smart Contracts platform Avalanche in order to exploit the potential of its ecological multi-chain layout.
KINE is an Ethereum-based decentralized exchange designed not to provide liquidity constraints to traders. According to the KINE owners, the infinitely liquid marketplace would help traders to trade the decentralized derivatives easily, transparently and quickly. All KINE transactions are based on a peer-to-peer contract trading protocol that increases capital efficiency with a sophisticated cross-margining trading model with the highest leverage.
“KINE is a multi-chain ecological layout designed to meet the diverse needs of the fast-growing trading community. In addition, we have developed an off-chain execution engine and on-chain stake system that will reduce trading costs while optimizing the trading experience for our users, ”said Lei, Co-Founder and CEO of KINE Protocol.
According to him, the KINE protocol was launched in March 2021 and has had impressive results since then. Currently the platform has more than seven thousand daily active users and a trading volume of more than three hundred million US dollars. The log is already the 10th place DEX on the cryptocurrency price tracking website CoinMarketCap.
“KINE is now focused on implementing multi-chain deployments. We successfully completed the deployment on Avalanche or AVAX at the beginning of December 2021. We have already completed the deployment on Ethereum, Polygon, Binance Smart Chain. In the last three quarters of 2021, we developed Zero Slippage for derivatives trading, and the on-chain staking system we developed takes full advantage of CeFi and DeFi. We have prioritized the stability and security requirements of on-chain traders. We have a strong background in fintech and bring a lot of relevant experience to developing the green deployment roadmap for the best user experience, ”said the co-founder.
“AVATAR is accelerating the evolution of the Avalanche (AVAX) ecosystem by investing in and supporting innovative teams and projects. The Avalanche network will give us a solid guarantee to keep working on Defi and creating our own metaverse. We are very excited about AVATAR and the AVAX ecosystem and are expanding our platform and new products to include the powerful Avalanche to support their continued growth, ”he added.
Avalanche is an open source platform for the introduction of decentralized financial applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem. Developers building on Avalanche can easily build robust, reliable, and secure applications and custom blockchain networks with complex rule sets or build on top of existing private or public subnets.
About the Kine Protocol (KINE)
KINE Protocol is an Ethereum based decentralized derivatives protocol platform designed to build an infinitely liquid derivatives marketplace and help users trade derivatives quickly, transparently and easily. All transactions are supported by the industry’s innovative peer-to-peer pooling engine, which maximizes capital efficiency through state-of-the-art cross-margining with optimal leverage. To learn more, visit https://kine.io.