Georgetown, Cayman Islands, August 30th, 2023, Chainwire
Quickswap’s core contributors have launched their new venture, Kinetix Finance, on Kava Chain. Kava Chain is a Layer-1 Cosmos-Ethereum interoperability blockchain and the Kinetix Finance perpetual exchange has been created to meet the rising demand for decentralized trading solutions.
Kinetix’s Perpetual Market offers users leveraged exposure to crypto assets such as KAVA, axlETH, axlWBTC, ATOM, and USDt with complete transparency and security. The innovative liquidity pool system, KLP, allows users to contribute any of the supported assets and receive a special liquidity token representing the entire basket in return.
“The Perpetual Market is not just another trading platform — it is a reflection of Kinetix’s dedication to providing decentralized solutions that empower our users,” said team lead Alexi Atlas. “With this platform, we’re offering a unique, secure, and efficient way to leverage trade on the Kava Chain.”
Kinetix’s Perpetual Market features a suite of tools tailored for DeFi users, allowing them to borrow based on the value of their collateral. Scott Stuart, Kava Chain Co-founder, said, “Kinetix’s Perpetual Market ensures familiarity and ease of use for traders, allowing them to take positions of any size with clarity and safety.”
About Kava
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. It is committed to fostering innovation and growth and is a trusted choice for developers and users worldwide.
About Kinetix
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.
Contact
Media Manager
Guillermo Carandini
Kava
[email protected]
Follow Kava Chain and Kinetix Finance on X (fka Twitter) for more updates.
