Kinto is an L2 rollup designed to accelerate the transition to an on-chain financial system. It features user-owned KYC, AML, and native account abstraction to solve the biggest blockers to mainstream adoption: security and user experience.
TLDR
- Dinari’s USD+ is now available on Kinto, coming with APY and Kinto Mining Program rewards.
- USD+ is a stablecoin with 1:1 US dollar value, backed by short-term US treasuries.
- USD+ is the first native-asset available on Kinto and already has 5m in deposits.
- New users can now obtain USD+ by depositing USDC from on Kinto and minting USD+.
After launching our mainnet and the mining program, Kinto is ramping up the first native asset available on Kinto.
We are excited to announce a partnership with Dinari to give USD+ yield plus rewards from the Kinto Mining program.
⚙️ The Asset
USD+ is a stablecoin with 1:1 US dollar value, backed by short-term US treasuries. It’s 100% backed by real-world assets meaning it provides reliable yield. There is a guaranteed $1 USD redemption per USD+, paid in USDC. The current redemption time is 0–3 days.
You can now obtain USD+ from Kinto here. Holding it in your Kinto wallet has many benefits:
- Receive APY directly to your Kinto wallet (currently 5.09%)
- Participate in the Mining program to earn Kinto mining rewards. USD+ receives an extra 5% boost 🚀
- No gas fees to deposit. All transactions on Kinto are sponsored as well.
- One-click deposit. You can deposit USDC from Arbitrum, Base or Ethereum mainnet and mint USD+ on Kinto in seconds.
- Highest security standard. Access assets from the safety and comfort of your Kinto wallet.
🪙 Why Dinari?
Dinari allow users to trade traditional securities, like stocks and bonds, on the blockchain using smart contracts to represent the securities as tokens and to automate the process of buying and selling them. In simpler terms, users can trade stocks and bonds on the blockchain using smart contracts.
USD+ is just one of Dinari’s offerings — this is the start of our partnership, the best is yet to come.
Learn more about Dinari.
⛩️ Why Kinto?
Kinto has been designed from the ground up to provide safe access to the best financial primitives available in the Ethereum ecosystem.
Thanks to chain abstraction and account abstraction functionality, Kinto users can obtain USD+ directly from the Kinto network and hold the assets safely in their Kinto smart contract wallet.
Given its user-owned KYC and enforced account abstraction, Kinto can provide much higher security guarantees than any other L2 network.
Finally, Kinto covers all the gas fees for depositing, avoiding expensive mainnet fees.
🛤 Take the Golden Road to Kinto
Kinto offers safe and intuitive access to the best digital assets in the Ethereum ecosystem, now including USD+.
Through the Mining Program Launch, Kinto gives depositors 2% of the token supply during on-chain summer.
You can participate by depositing any asset below.
https://engen.kinto.xyz/explore
We want to accelerate the transition to an on-chain financial system. A system that can match the guarantees of traditional finance, increase availability 24/7, enhance security, and decrease the friction and costs associated with conventional asset issuance.
If you share our vision for a secure, open, decentralized financial system, help us realize it.
Join us!
