Kine Protocol, an Ethereum-based decentralized derivatives protocol designed to build an infinitely liquid derivatives marketplace, announced on the 6th. Users will be able to seamlessly conduct derivatives trading using the Kine Protocol on Avalanche.
According to the Kine Protocol announcement, this collaboration aims to expand the Kine ecosystem as well as Kine’s multi-chain solutions and will launch on Avalanche with all staking features including staking / unstaking, KUSD minting / burning, rewards and LP mining. Further details are: 1) Staking Frontend: kine.finance (user can switch between ETH, BSC, Polygon and Avalanche); 2) Supported staking assets: BTC, ETH, AVAX, USDT, USDC and xKine (lock Kine to get xkine); 3) Qualified LP Agriculture Pools: KINE / USDT, kUSD / USDT; 4) Staking out and LP farming begin at: 2021–12–06, 10:00 AM UTC.
“We believe that with Avalanche’s lightning-fast, cost-effective, and solidity-compatible solution, tens of thousands of users can experience the future of derivatives trading on Kine. At the same time, the launch of Kine’s innovative derivatives trading platform on Avalanche will bring a BUIDL power to the Avalanche ecosystem, ”said Lei Wang, Co-Founder and CEO of Kine Protocol.
So far, the Kine Protocol has enabled smart chain asset transformation between Ethereum, Binance Smart Chain, Polygon, and Avalanche Network with lower gas fees, allaying concerns about rising fees on the Ethereum network.
The Kine Protocol team has extensive experience in derivatives trading and honed their skills with companies such as HSBC and Merrill Lynch. By using a peer-to-pool mechanism, Kine’s DeFi protocol enables lightning-fast, transparent derivatives trading without the presence of counterparties.
Via the Kine protocol
KINE Protocol is an Ethereum based decentralized derivatives protocol designed to build an infinitely liquid derivatives marketplace and help users to trade derivatives quickly, transparently and conveniently. All transactions are carried out by the innovative [Peer-to-Pool] Engine that maximizes capital efficiency based on optimal leverage through a state-of-the-art cross-margin function. At present, KINE has achieved a multi-chain layout to meet the different needs of users and create an integrated multi-chain trading ecology, which makes it the decentralized derivatives trading platform with the best user experience.
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Avatar is a team of investors, researchers and computer scientists focused on extrapolating the success of the blockchain to the embedded crypto-economy in everything – transaction, computation, storage and social interaction. Avatar is playing a key role in further accelerating the growth of Avalanche, supporting early stage developers and project teams who contribute to the Avalanche ecosystem.
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Further information can be found at: https://kine.io