Kine Protocol (KINE Token) Review

2 years ago
12

A decentralized protocol, Kine establishes general purpose liquidity pools that are backed by a portfolio of digital assets. Traders are able to open and close derivatives positions based on trusted price feeds as a result of the liquidity pool, eliminating the need for third-party counterparties.

By extending the collateral base to any Ethereum-based assets and by also allowing third-party liquidation, Kine solves the problems encountered by many existing peer-to-pool or peer-to-contract trading protocols. Kine Protocol is essentially a decentralised exchange that offers on-chain staking, no slippage and zero-gas fees for derivatives trading.

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