The Core Quickswap team has announced the launch of an exciting new feature on the Kava Chain platform – 50x leverage trading. This development allows users to amplify their trading potential by up to 50 times, enabling them to maximize their profits in a fast-paced and dynamic market. With Core Quickswap’s user-friendly interface and advanced trading tools, traders can now access increased leverage options on the Kava Chain, making it a popular choice for experienced and beginner cryptocurrency traders alike. Don’t miss out on this opportunity to take advantage of high-leverage trading on the Kava Chain – join Core Quickswap today!
[PRESS RELEASE – Georgetown, Cayman Islands, August 30th, 2023]
Kinetix Finance: A Game-Changer in Decentralized Trading on Kava Chain
Kinetix Finance, the latest venture from the core contributors of Quickswap, has recently been launched on the Kava Chain ecosystem. Known for their success on Polygon, the team behind Kinetix Finance is bringing their expertise to the Layer-1 Cosmos-Ethereum interoperability blockchain.
The primary offering of Kinetix Finance is its innovative Perpetual Market, designed to cater to users who want to engage in leveraged trading without the restrictions of traditional centralized exchanges. This decentralized trading platform is built on the Kava Chain, providing users with leveraged exposure to popular crypto assets such as KAVA, axlETH, axlWBTC, ATOM, and USDt.
“The Perpetual Market goes beyond being just another trading platform. It exemplifies Kinetix’s commitment to delivering decentralized solutions that empower our users,” said Alexi Atlas, the lead of Kinetix team. “Our platform offers a unique, secure, and efficient way to engage in leveraged trading on the Kava Chain.”
A notable feature of Kinetix’s Perpetual Market is its distinctive liquidity pool system called KLP. Liquidity providers (LPs) can contribute any of the initial five supported assets – KAVA, axlETH (ETH), axlBTC (BTC), ATOM, and USDT – and in return, they receive KLP tokens, representing the entire liquidity basket. This decentralized structure, in combination with the protocol’s automated market maker (AMM), enables leverage trading by allowing users to borrow against the value of their collateral.
“Kinetix’s Perpetual Market offers a range of features tailored to meet the needs of sophisticated DeFi users. Its decentralized nature ensures that positions of any size can be taken with transparency and security,” stated Scott Stuart, Co-founder of Kava Chain. “Furthermore, the introduction of the KLP token brings familiarity and ease of use for traders, similar to traditional liquidity pool systems.”
Stay updated with the latest developments by following Kava Chain and Kinetix Finance on Twitter.
About Kava Chain
Kava Chain is a secure and lightning-fast Layer-1 blockchain that combines the development capabilities of Ethereum with the speed and interoperability of Cosmos. It operates as a single, scalable network, fostering innovation and growth. Developers and users around the world trust Kava Chain for their blockchain needs.
About Kinetix
Kinetix Finance is laying the foundations for a comprehensive DeFi Hub, offering perpetual futures trading and advanced trading instruments on the Kava Chain. By connecting the essential elements of decentralized finance, Kinetix aims to provide traders with the best trading experience possible.
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Kinetix Finance: Empowering Decentralized Trading through Perpetual Market on Kava Chain
Kinetix Finance, the brainchild of the successful core contributors from Quickswap on Polygon, has launched its latest project on the Kava Chain. Kava Chain is a Layer-1 blockchain that enables seamless interoperability between Cosmos and Ethereum. With the Kinetix Finance perpetual exchange, users can now engage in leveraged trading on Kava Chain without the limitations of traditional centralized exchanges.
The Perpetual Market introduced by Kinetix Finance addresses the growing demand for decentralized trading solutions. It offers users the ability to leverage trade various crypto assets, including KAVA, axlETH, axlWBTC, ATOM, and USDt, while ensuring transparency and security.
Lead by Alexi Atlas, the Kinetix team is dedicated to providing decentralized solutions that empower users. The Perpetual Market on the Kava Chain is a testament to their commitment. It offers a unique and secure trading platform that enables efficient leveraging of trades.
At the core of the Kinetix Perpetual Market is the innovative liquidity pool system known as KLP. Liquidity providers (LPs) can contribute KAVA, axlETH (ETH), axlBTC (BTC), ATOM, and USDT to the KLP. In return, they receive KLP tokens, representing the entire liquidity basket. This decentralized structure, complemented by the protocol’s automated market maker (AMM), facilitates leverage trading by allowing users to borrow against their collateral’s value.
Scott Stuart, Co-founder of Kava Chain, highlights that Kinetix’s Perpetual Market is designed for sophisticated DeFi users, providing safety and clarity for positions of any size. The introduction of the KLP token also brings familiarity and ease of use for traders, retaining the advantages of traditional liquidity pool systems.
To stay up to date with Kava Chain and Kinetix Finance, follow them on Twitter.
Kava Chain: A Secure and Innovative Layer-1 Blockchain
Kava Chain is a reliable and fast Layer-1 blockchain that combines the developer capabilities of Ethereum with the speed and interoperability of Cosmos. With its single and scalable network, Kava Chain supports innovation and growth in the blockchain industry, making it a preferred choice for developers and users worldwide.
Kinetix Finance: Building the DeFi Hub on Kava Chain
Kinetix Finance aims to create a comprehensive DeFi Hub by integrating perpetual futures trading and advanced trading instruments on the Kava Chain. By connecting the key components of decentralized finance, Kinetix Finance strives to provide traders with the ultimate trading experience.
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