Core Quickswap Members Launch 50X Leverage on Kava Chain.
Celebrated for their success at Polygon, several key contributors to Quickswap have launched their next venture: Kinetix Finance on Kava Chain. Kava Chain is a Layer-1 Cosmos-Ethereum interoperability blockchain. Kinetix Finance permanent exchange is specifically designed for users who want to benefit from trading without the limitations of traditional centralized exchanges.
Kinetix’s innovative Perpetual Market allows users to trade on the Kava Chain. Perpetual Market meets the growing demand for decentralized trading solutions, offering users leveraged access to crypto assets such as KAVA, axlETH, axlWBTC, ATOM and USDt, while providing the highest level of transparency and security
“Perpetual Market is not just another trading platform; It is a reflection of Kinetix’s commitment to providing decentralized solutions that empower our users. With this platform, we offer a unique, safe and effective way to power trading on the Kava Chain. ” said Alexi Atlas, leader of the Kinetix team. At the heart of Kinetix’s Perpetual Market is the unique liquidity pool system KLP.
LPs can offer any of the top five supported assets: KAVA, axlETH (ETH), axlBTC (BTC), ATOM and USDT. In return for contributing these tokens, participants receive KLP, a special liquidity token that represents the entire basket. This decentralized structure, combined with the protocol’s AMM, facilitates leveraged trading, allowing users to borrow against the value of their collateral.
“Kinetix’s Perpetual Market offers a suite of features designed to appeal to advanced DeFi users. Its decentralized structure ensures that positions of any size can be taken clearly and securely,” said Scott Stuart, Co-Founder of Kava Chain. “And the KLP token is a nod to traditional liquidity pool systems, providing investors with familiarity and ease of use.”Follow Kava Chain and Kinetix Finance on X (fka Twitter) for more updates.
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