{"id":144728,"date":"2023-09-01T15:36:01","date_gmt":"2023-09-01T10:06:01","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=144728"},"modified":"2023-09-01T15:36:01","modified_gmt":"2023-09-01T10:06:01","slug":"core-quickswap-members-launch-50x-leverage-on-kava-chain-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/core-quickswap-members-launch-50x-leverage-on-kava-chain-crypto-news\/","title":{"rendered":"Core Quickswap Members Launch 50x Leverage on Kava Chain – Crypto News"},"content":{"rendered":"

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[PRESS RELEASE \u2013 Georgetown, Cayman Islands, August 30th, 2023]<\/strong><\/p>\n

Multiple core contributors of Quickswap, celebrated for their success on Polygon, have launched their next venture: Kinetix Finance on Kava Chain. Kava Chain is a Layer-1 Cosmos-Ethereum interoperability blockchain. The Kinetix Finance perpetual exchange is tailored for users eager to leverage trade without the limitations of traditional centralized exchanges.<\/p>\n

Kinetix\u2019s innovative Perpetual Market allows users to leverage trade on the Kava Chain. The Perpetual Market meets the rising demand for decentralized trading solutions, offering users leveraged exposure to crypto assets like KAVA, axlETH, axlWBTC, ATOM, and USDt all while ensuring utmost transparency and security.<\/p>\n

\u201cThe Perpetual Market is not just another trading platform \u2014 it is a reflection of Kinetix\u2019s dedication to providing decentralized solutions that empower our users. With this platform, we\u2019re offering a unique, secure, and efficient way to leverage trade on the Kava Chain,\u201d said Kinetix team lead Alexi Atlas.<\/p>\n

At the heart of Kinetix\u2019s Perpetual Market is the distinctive liquidity pool system, KLP. LPs can offer any of the initial five supported assets: KAVA, axlETH (ETH), axlBTC (BTC), ATOM, and USDT. In return for contributing these tokens, participants receive KLP, a special liquidity token representing the entire basket. This decentralized structure, combined with the protocol\u2019s AMM, facilitates leverage trading, allowing users to borrow based on the value of their collateral.<\/p>\n

\u201cKinetix\u2019s 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,\u201d said Scott Stuart, Kava Chain Co-founder. \u201cAnd the KLP token is a nod to traditional liquidity pool systems, ensuring familiarity and ease of use for traders.\u201d<\/p>\n

For more updates, follow Kava Chain<\/a> and Kinetix Finance<\/a> on X (fka Twitter).<\/p>\n

About Kava<\/h2>\n

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. Committed to fostering innovation and growth, Kava Chain is a trusted choice for developers and users worldwide.<\/p>\n

About Kinetix<\/h2>\n

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. Your best trade, every trade.<\/p>\n

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<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

[PRESS RELEASE \u2013 Georgetown, Cayman Islands, August 30th, 2023] Multiple core contributors of Quickswap, celebrated for their success on Polygon, have launched their next venture: Kinetix Finance on Kava Chain. Kava Chain is a Layer-1 Cosmos-Ethereum interoperability blockchain. The Kinetix Finance perpetual exchange is tailored for users eager to leverage trade without the limitations of […]<\/p>\n","protected":false},"author":2,"featured_media":144729,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-144728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/144728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=144728"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/144728\/revisions"}],"predecessor-version":[{"id":145894,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/144728\/revisions\/145894"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/144729"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=144728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=144728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=144728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}