We are thrilled to announce that Kine Protocol will be bringing its cross-chain derivative trading platform to Polygon.
The cross-chain derivatives platform has features that include staking, minting, burning, rewards, and liquidity farming. Kine Protocol’s launch will complement Polygon’s aim in helping DeFi DApps to get integrated into other DApps and create the best composability out of any ecosystem outside of Ethereum main chain.
Using Polygon’s full-stack Ethereum scaling solution, users will get a seamless experience while performing derivatives trading on Kine Protocol. With Polygon, users can utilize top DeFi bluechip Dapps, including Sushiswap, Curve, Aave, Balancer, at a low cost.
With Polygon’s full-stack Ethereum scaling solution, tens of thousands of users can experience the future of derivatives trading on Kine simultaneously. Polygon’s high-speed and low-gas infrastructure makes Kine’s features — including staking, minting, burning, rewards, and liquidity farming — even faster, providing a frictionless experience for all users.
We look forward to the growth of the Kine Protocol community through the Polygon launch and this will support Polygon’s aim in bringing blockchain infrastructure to the masses.
About Kine Protocol
Kine is a decentralized protocol that establishes general-purpose liquidity pools backed by a customizable portfolio of digital assets. The liquidity pool allows traders to open and close derivatives positions according to trusted price feeds, avoiding the need for counterparties. Kine lifts the restriction on existing peer-to-pool trading protocols by expanding the collateral space to any Ethereum-based assets and allowing third-party liquidation.
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 500+ Dapps, ~567M+ txns, and ~6M+ daily txns.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
Source : blog.polygon.technology