Orbit Chain
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Orbit Chain

Partnership Announcement: Ozys x KronosDAO

We are excited to announce today that it has entered a new strategic partnership with KronosDAO! They are the first decentralized reserve currency protocol available on Klaytn based on the KRNO token. This partnership will entail the integration of Kronos in Orbit Bridge and KLAYswap, as well as result in future co-marketing efforts around the world.

Together with KronosDAO, we will be working closely to further ensure a liquidity environment for DeFi and bring more users, developers, and Dapps to the Klaytn ecosystem. KronosDAO, through this collaboration, will also pursue aggressive ecosystem expansion through Ozys’s Orbit Bridge, which will remove the current restrictions of being on Klaytn. Recently, Orbit Bridge has further integrated Klaytn as the origination chain of Orbit Bridge, so Klaytn users including KLAYswap and KronosDAO users are able to bridge their assets to other blockchains.

KronosDAO is the first decentralized reserve currency protocol available on the Klaytn chain based on the KRNO token. Each KRNO token is backed by a basket of assets (e.g., KDAI, KRNO-KDAI LP Tokens, and etc.) in the Kronos DAO treasury, giving it an intrinsic value that it cannot fall below. Kronos DAO also introduces economic and game-theoretic dynamics into the market through staking and minting.

Orbit Chain is a multi-asset hub blockchain that stores, transfers, and verifies information and assets existing on various public blockchains through decentralized Inter Blockchain Communication (IBC). Orbit Bridge is the cross-chain IBC protocol based on Orbit Chain. It currently connects 10+ mainnets and has facilitated cross-chain bridging of more than $15B of assets in more than 400,000 transactions.

Orbit Chain supports 10+ public chains including Bitcoin, Ethereum, Binance Smart Chain, Huobi ECO Chain, Polygon, Ripple, Klaytn, ICON, Celo and Terra. Orbit Chain is committed to researching the interoperability of heterogeneous chains and further developing the overall DeFi ecosystem with better products and services. In doing so, Orbit Chain will create a more widespread audience and a stable blockchain ecosystem by allowing more dApp growth on all connected mainnets

KLAYswap is a DeFi (Decentralized Finance) service based on Kakao’s blockchain platform Klaytn. Achieving over $2 billion USD TVL with a daily volume of $100 million, KLAYswap is now catering to Klaytn’s ecosystem of Dapps and DeFi use cases. KLAYswap recently got a liquidity pool and bridging support for Gala Games, allowing them to safely transfer and grow within the Klaytn ecosystem.

We welcome all DeFi participants to create a wealth of liquidity in the blockchain world!

[OZYS Official Sites & Communities]

Orbit Bridge: https://bridge.orbitchain.io

Orbit Chain : https://orbitchain.io

Orbit Chain Global Telegram: https://t.me/OrbitChainGlobal

Orbit Chain Twitter: https://twitter.com/Orbit_Chain

KLAYswap Telegram (KR): https://t.me/KLAYswapofficial

KLAYswap Twitter: https://twitter.com/KLAYswap

[KronosDAO Official Sites & Communities]

KronosDAO Website: https://kronosdao.finance

KronosDAO Twitter: https://twitter.com/celoorg

KronosDAO Discord: http://discord.gg/kronosdao

KronosDAO Docs: https://docs.kronosdao.finance

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