TechFlow reports that after the success of multiple core contributors of Quickswap on Polygon, they have launched a new project on Kava Chain: Kinetix Finance.
Kinetix Finance's perpetual exchange is designed for users who want to trade without the limitations of traditional centralized exchanges. The perpetual markets of Kinetix Finance enable leveraged trading on the Kava Chain. This perpetual market meets the growing demand for decentralized trading solutions, allowing users to gain leveraged exposure to crypto assets such as KAVA, axlETH, axlWBTC, ATOM, and USDt, while ensuring transparency and security.
Notably, Kava Chain is a Layer-1 Cosmos-Ethereum interoperable blockchain.
Alexi Atlas, leader of the Kinetix team, said: "The perpetual market is not just another trading platform; it reflects Kinetix’s commitment to providing users with decentralized solutions. Through this platform, we offer a unique, secure, and efficient way to conduct leveraged trading on Kava Chain."
At the heart of the Kinetix perpetual market is its unique liquidity pool system, KLP. Liquidity providers can deposit one of the five initially supported assets: KAVA, axlETH (ETH), axlBTC (BTC), ATOM, and USDT. In return for contributing these tokens, participants receive KLP, a special liquidity token representing ownership in the entire asset basket.
