penomo strengthens its payments and settlement layer together with Kima Finance, a pioneer in Smart Contract-less DeFi tech.
Ensuring seamless, secure transactions across various financial infrastructures, providing efficient asset purchase mechanisms, and optimizing liquidity management across multiple assets and blockchain networks.
About Kima finance
Kima Network is a cross-ecosystem money transfer protocol that enables seamless and secure TradFi/DeFi interoperability without smart contracts.
Kima’s protocol, celebrated as “Financial Interoperability 2.0,” seamlessly bridges the gap between disparate blockchain networks and the centralized computing world — including banks, apps, and websites. With its ability to enable any dApp on any blockchain to communicate with external systems upon connection to the Kima network, the company introduces a shift in how digital and traditional financial ecosystems interact.
Kima’s key value prop:
Interchain settlement: Unlike other protocols, without Smart Contracts and Code vulnerabilities Kima eliminates additional attack surfaces by using native wallet accounts as liquidity pools, ensuring maximum fund security and enabling seamless cross-chain transactions.
DvP solution: Kima’s decentralized Delivery versus Payment solution ensures secure and simultaneous asset and fund transfers, enhancing trust among investors and asset developers. This approach streamlines settlement processes, reduces administrative overhead, and minimizes counterparty risk by ensuring transactions occur only when both parties meet their obligations
AI liquidity management system: AI-driven liquidity management system ensures optimal capital deployment by dynamically adjusting liquidity provider rewards based on supply and demand. This system maintains balanced liquidity pools, ensuring that capital is efficiently utilized and never idle, thereby offering attractive yields to liquidity providers and enhancing overall liquidity depth.
Blockchain agnostic: By using native wallet accounts as liquidity pools, Kima can manage and monitor transactions on various blockchains without relying on smart contracts. This approach allows seamless fund movement between networks that use light clients or similar implementations, regardless of their architecture or consensus mechanisms, ensuring broad compatibility and enhanced security.
About the collaboration:
- Seamless Financial Transactions: By incorporating Kima Network’s universal payment rail, penomo will offer efficient on- and off-ramps for professional asset allocators and institutions, ensuring smooth and secure transactions across various financial infrastructures. This will streamline the investment process for our users.
- Efficient Asset Purchases: Integrating Kima’s Delivery vs. Payment (DvP) functionality will allow penomo users to seamlessly purchase real-world assets using stablecoins, enhancing the reliability and efficiency of transactions.
- Optimized Liquidity Management: Leveraging Kima’s Liquidity Cloud, penomo can effortlessly manage and access liquidity across multiple assets and blockchain networks. This capability will improve the liquidity of our tokenized assets and provide better opportunities for investors.
