KINE Protocol, an innovative decentralized derivatives trading platform, has been operating stably on the Ethereum mainnet for over 5months and BSC for almost 3 months. With Polygon’s full-stack Ethereum scaling solution, users will be able to seamlessly perform derivatives trading on Kine Protocol on Sep 1st，2021.
Polygon launching Summary:
To archive the goal to expand Kine ecosystem and expand Kine multiple chain solution, we will launch on Polygon with all staking features including staking/unstaking, kUSD minting/burning, rewards and LP mining.
· Staking Frontend: kine.finance (user can switch between ETH,BSC and Polygon)
· Supported staking assets: BTC, MATIC, BNB, xKine (lock…
In order to provide better trading experience, Kine Exchange has upgraded to the latest version which now supports kUSD/USDT/USDC margin currency switching, condition and stop/limit order as well as improving liquidation mechanism.
A trading contest will be held to celebrate new features launching!
Period: 2021–08–23 10:00:00 to 2021–08–27 10:00:00 (UTC+8)
Scope: Trade with USDT or USDC margin currency
Contest A: Trade with USDT or USDC margin to win a pool of 25,000 USDT
The top 5 traders ranked by trading volume (including both buys & sells) with USDT and USDC margin during the contest period will share a pool of…
It has been 5 five months since our mainnet launch in March, 2 months since BSC launch. Now market has shifted, season has changed, what were Kine and the team doing in the past 2 months? Well, here it is.
From the very begining, when we chose the hybrid mode instead of going all on-chain, we set the tone of Kine exchange to be “Zero compromises in trading experience”. Knowing Condition and Stop/Limit Order for traders is a must, it frees them from staring to the screen all day long, so we went for it. …
In our latest version of Kine Protocol, a dynamic liquidation incentive will replace current fixed 5% mark-up for liquidation. We will provide a brief summary of the change, and explain the rationale and implementation in details.
To build a healthy trading and staking environment, Kine Team has worked out a way to manage liquidation for Kine Stakers. The team believe this change will avoid malicious system attacks as well as protect staker collateral loss when asset prices fluctuate sharply in the market.
If a staker’s outstanding MCD value exceeds its debt limit, a portion of the outstanding MCD may be repaid by burning kUSD in exchange of an amplified amount of the staker’s collateral. This incentives arbitrageurs to swiftly step in to reduce the staker’s exposure, and eliminate the protocol’s risk.
The proportion eligible to be…
To celebrate the launch of Kine iOS APP, Kine Protocol will give away Transaction Fee Discount Coupons to give back to the community for long-term support!
During the activity period，complete downloading Kine iOS APP and login the Google Form to win the transaction fee discount coupons.
Once get the coupon, you can enjoy a 30-day transaction fee discount on Kine Protocol.
【1st Round - 50% off discount coupon】
Coupon Grab Time：08/05 19:00 — 08/05 23:00(UTC+8)
Number of coupons ：50
Coupon Valid Period：08/09 19:00–09/08 19:00(UTC+8)
【2nd Round - 40% off discount coupon】
Coupon Grab Time：08/06 19:00— 08/07 23:00(UTC+8)
Number of coupons…
A review of the DeFi landscape from Summer 2020 to Summer 2021
With DeFi exploding in the summer of 2020, many have poised the derivative market as the next big thing in the world of cryptocurrency trading. A brief look into how DeFi got started will reveal a series of domino effects captured by simple, yet effective lending protocols who made borrowing and providing liquidity not just simpler, but also more profitable on-chain.
If we fast forward to the summer of 2021, we can see clearly how much the overall market has changed — including the derivatives market.
On July 22, 2021, Lei, founder and CEO of Kine Protocol, joined the BTSE Exchange Telegram chat for an AMA.
Kine is a decentralized protocol that establishes general-purpose liquidity pools backed by a customizable portfolio of digital assets. The liquidity pool allows traders to open and close derivatives positions according to trusted price feeds, avoiding the need for counterparties. Kine lifts the restriction on existing peer-to-pool (aka peer-to-contract) trading protocols by expanding the collateral space to any Ethereum-based assets and allowing third-party liquidation.
Kine’s official partnership with Polygon and Matic will begin in August. In addition, the project will roll…
The world of cryptocurrency has brought in millions of first-time traders over the last couple of years. What was once considered a complicated exchange of numbers and charts reserved for professionals has seeped its way into the mainstream market. Yet, the secondary layer of financial markets is still drastically underdeveloped. Part of this reason is the focus of education and marketing, as most people still view bitcoin as a “coin” rather than a financial asset capable of being manipulated and contorted into other forms of opportunity.
We are now openly recruiting passionate and talented individuals to join us in our journey! Are you an active trader, a content writer, or perhaps a graphic designer with a big passion for Kine Protocol? You can now apply to become one of our Kine Protocol Ambassadors.
1) Community Moderators (1 or 2)
Kine Protocol community moderators are passionate about Kine Protocol and our pursuit in disrupting the markets. Community moderators will politely and patiently assist fellow community members with questions and concerns relevant to Kine Protocol and provide input from the community to enhance our understanding of stakeholders’ concerns…