Announcing B.Protocol and Kinza Finance Partnership
We are thrilled to announce that B.Protocol is partnering with Kinza Finance, a top lending platform on BNB Chain with over $200m TVL.
Kinza Finance will utilize B.Protocol’s SmartLTV to monitor and adjust its risk parameters to maintain a secure yet competitive risk-reward balance for its users. Kinza Finance is dedicated to robust security, innovative features, and frequent comprehensive audits. This partnership with B.Protocol adds to Kinza Finance’s security arsenal and ensures sustainable and healthy lending markets.
The SmartLTV implementation will support more data-driven risk management, facilitating the streamlined listing of new assets on Kinza’s platform. Additionally, it will enable ongoing monitoring of risk exposure in the hyper-dynamic crypto markets.
SmartLTV is a smart contract that calculates loan-to-value (LTV) ratios based on objective, measurable, quantitative risk-related data feeds and a subjective risk appetite.
The risk appetite is determined by a Risk Level factor. This single value aims to represent a desirable safety margin by accounting for potential deviations from previously observed stats to anticipated values in black swan events. For instance, it considers scenarios where volatility could be three times higher than previously recorded.
How does it work?
- Kinza will set risk levels for its markets based on industry standards, supported by B.Protocol’s methodology.
- SmartLTV reads risk-related on-chain data feeds and calculates recommended risk factors (LTVs, Caps).
- Once B.Protocol’s monitoring system detects a significant change in market conditions relevant alerts are triggered.
- SmartLTV adjusts its risk factor recommendations based on the new market conditions.
In forging this partnership with B.Protocol, Kinza Finance demonstrates its commitment to advancing risk management within the DeFi lending sphere. With its TVL exceeding $200 million on the BNB Chain, Kinza’s collaboration with B.Protocol underscores its dedication to safeguarding users’ assets while ensuring a competitive edge in the market. By utilizing SmartLTV, Kinza is poised to set new standards in data-driven risk management, enabling proactive adjustments to maintain a secure environment amid the dynamic landscape of DeFi lending.
Stay tuned for updates as the integration goes live in the coming weeks — we’ll keep you posted with further details once it’s complete.
About Kinza
Kinza Finance is an innovative decentralized lending protocol on BNB, and opBNB Chain. Kinza Finance is non-custodial, permissionless, secure, and incorporates cutting-edge DeFi mechanisms and solutions to offer users a flexible and highly customizable DeFi lending experience. As a standout Binance Accelerator Program project from the Binance MVB Accelerator Program (Season 6), Kinza received a direct Binance Labs investment and has developed from testnet to over $200 Million TVL on the Kinza Finance mainnet app.kinza.finance within 6 months. In addition to being the first lending protocol to deploy on opBNB, Kinza Finance has novel LSDfi and DeFi opportunities, a pioneering tokenomics model in ve-Real-Yield, and TGE nearing.
Website, Twitter, Discord, Medium, Kinza dAPP
About B.Protocol
B.Protocol has been building open-source protocols and infrastructure for risk mitigation and assessment for the DeFi ecosystem since 2020. Through our research arm, RiskDAO, and its novel risk framework, we have supported over a dozen DeFi protocols with risk analysis, research, audits, and monitoring. Our Risk Oracle and SmartLTV formula automate the process of setting risk parameters for lending platforms in a transparent way, building the next generation of DeFi risk management infrastructure.
