Kinetix Finance, a venture from the core contributors of Quickswap, has launched their next project on Kava Chain. Kava Chain is a Layer-1 blockchain that combines the power of Ethereum with the speed and interoperability of Cosmos. Kinetix’s Perpetual Market allows users to leverage trade on the Kava Chain with five supported assets: KAVA, axlETH (ETH), axlBTC (BTC), ATOM, and USDt. The Perpetual Market is powered by the distinctive liquidity pool system, KLP. Liquidity providers can offer any of the five supported assets and receive KLP, a special liquidity token representing the entire basket. This decentralized structure, combined with the protocol’s AMM, facilitates leverage trading, allowing users to borrow based on the value of their collateral.Kinetix’s Perpetual Market offers a suite of features tailored to sophisticated DeFi users. Its decentralized nature guarantees that positions of any size can be taken with clarity and safety. The KLP token is a nod to traditional liquidity pool systems, ensuring familiarity and ease of use for traders.Kava Chain is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network. Kinetix Finance is building a DeFi Hub featuring perpetual futures trading and the most sophisticated trading instruments on Kava, connecting the major building blocks of decentralized finance. For more updates, follow Kava Chain and Kinetix Finance on X (fka Twitter).

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Information	Details
Geography	North America
Countries	🇰🇾
Sentiment	positive
Relevance Score	8
People	Scott Stuart, Alexi Atlas
Companies	Ethereum, Kinetix Finance, Kava Chain, KLP, Cosmos
Currencies	Ethereum, Kava, Bitcoin, Cosmos Hub, Tether
Securities	None