Kine Protocol, a decentralized protocol that establishes general-purpose liquidity pools backed by a customizable portfolio of digital assets, announced today it has partnered with Polygon to bring high margin, cross-chain derivatives trading to the Polygon Network for further scalability and increased user adoption.
This integration will make cross-chain asset transactions between Polygon, Binance Smart Chain, and Ethereum network possible with lower gas fees, assuaging concerns about increasing gas fees on Ethereum. Assets available for staking include BTC, MATIC, BNB, Kine, BTC/ETH Quick LP, USDC/ETH Quick LP, MATIC/ETH Quick LP with Kine dApp managing risk and distributing rewards.
“The launch of Kine Protocol is yet another example of the world’s brightest blockchain developers choosing Polygon as the foundation for their innovations. We’re excited to facilitate frictionless experiences so users can experience the future of derivatives trading on Kine Protocol.”
– Sandeep Nailwal, Co-Founder of Polygon
With Polygon’s full-stack Ethereum scaling solution, tens of thousands of Polygon users can log on at the same time to open and close derivatives positions without counterparties. 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 growing the Kine Protocol community through Polygon and supporting Polygon’s mission to bring blockchain infrastructure to the masses.”
– Lei Wang, CEO & Founder of Kine Protocol
Kine Protocol’s team has extensive experience in derivatives trading, with previous roles at HSBC and Merrill Lynch. By deploying general-purpose liquidity pools, Kine’s DeFi protocol facilitates fast, transparent derivatives trading without the presence of counterparties.