Quickswap<\/a>, a permissionless Ethereum-based DEX for DeFi,\u00a0have launched an exciting new\u00a0project,\u00a0Kinetix Finance on Kava Chain. Kava Chain is an interoperable blockchain between Cosmos and Ethereum that operates at Layer 1, and\u00a0Kinetix\u2019s technology offers a novel, safe, and efficient means of leveraging trade on the Kava\u00a0Chain.<\/p>\nThe Kinetix Perpetual Market and DeFi<\/h2>\n
For those who want the benefits of leverage trading without the restrictions of centralised exchanges, Kinetix Finance\u2019s perpetual exchange is a great destination.\u00a0 By leveraging\u00a0Kava Chain\u2019s innovative Perpetual Market, traders can get the most out of their DeFi\u00a0transactions. The Kava\u00a0blockchain\u00a0is both safe and fast, bringing together the best features of Ethereum and Cosmos in a single, scalable platform.<\/p>\n
The Kinetix Perpetual Market provides users with leveraged exposure to crypto assets including KAVA, axlETH, axlWBTC, ATOM, and USDt while maintaining the highest standards of safety and transparency in the industry. The Perpetual Market offers a package of advanced features designed with the most discerning DeFi customers in mind.\u00a0According to the platform, because of its decentralised structure, users can take positions of\u00a0any size with total\u00a0confidence.<\/p>\n
Kinetix\u2019s unique KLP liquidity pool mechanism is the engine that drives the company\u2019s Perpetual Market. Investors can contribute KAVA, axlETH (ETH), axlBTC (BTC), ATOM, or USDT, the first five supported assets. The KLP token is designed to be as similar as possible to conventional liquidity pool protocols in order to give traders a comfortable and familiar experience.<\/p>\n
As compensation for their token contributions, contributors will be awarded KLP, a unique liquidity token represeinting the entire basket. Together, the protocol\u2019s AMM and its decentralised architecture facilitate\u00a0leverage trading that enables borrowers to borrow against the collateral they have posted.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Multiple core\u00a0contributors to Quickswap, a permissionless Ethereum-based DEX for DeFi,\u00a0have launched an exciting new\u00a0project,\u00a0Kinetix Finance on Kava Chain. Kava Chain is an interoperable blockchain between Cosmos and Ethereum that operates at Layer 1, and\u00a0Kinetix\u2019s technology offers a novel, safe, and efficient means of leveraging trade on the Kava\u00a0Chain. The Kinetix Perpetual Market and DeFi For […]<\/p>\n","protected":false},"author":2,"featured_media":144784,"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-144783","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\/144783","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=144783"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/144783\/revisions"}],"predecessor-version":[{"id":144785,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/144783\/revisions\/144785"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/144784"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=144783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=144783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=144783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}