Kinetex: changing DeFi with accessible and efficient solutions
The First Art Newspaper on the Net    Established in 1996 Friday, November 15, 2024


Kinetex: changing DeFi with accessible and efficient solutions



Kinetex is an innovative blockchain company created to modify the crypto industry, especially its decentralized part, by lowering the knowledge threshold for entering the market and ensuring user interactions with DeFi services are enjoyable and productive.

Cryptocurrencies and related technologies can be intricate and perplexing, particularly for those new to this industry. To use crypto effectively, one must often acquire an in-depth understanding of blockchain technology, cryptography, and economics, which can be quite overwhelming, especially for non-tech-savvy individuals.

In addition, the DeFi industry, becoming increasingly popular these days, can be much harder to navigate and use, even after successfully exchanging assets on centralized exchanges. The decentralized nature of DeFi products and services means they have limitations when it comes to helping users in case of a mistake. Moreover, their interfaces are often complex and lack user-friendliness. Therefore, without a strong grasp of the technology and its underlying principles, users may find it difficult to enter the DeFi market and risk making costly mistakes or falling victim to scams.

This is why companies like Kinetex are working to lower the knowledge threshold for entering the market, making it easier for users to interact with DeFi services and enjoy the benefits of crypto without having to become experts in the field.

Founded in 2023, Kinetex has already received approval from the leaders of the industry, including 1inch, Gnosis Chain, and Factor. The collected funding enabled the team to push forward, designing original solutions to transform DeFi completely.

Currently, Kinetex users can access two modes, each offering an effortless swapping experience. The Flash Trade connects users with market makers, ensuring they get favorable, guaranteed rates and a gasless flow. In contrast, the Liquidity Aggregation mode unites dozens of sources to simplify finding liquidity for over 5,000 crypto assets.

With Flash Trade, Kinetex introduces a completely new approach to cross-chain trading. It consists of two critical aspects: resolvers and intents. Resolvers, also known as professional market makers, are meant to compete for user orders. They analyze the market, create trading strategies, use specialized bots, find optimal liquidity, offer rates, and complete orders, taking full responsibility for the swap process. This way, Kinetex does not need liquidity pools, which can be a security hazard for user funds.

Intents, essentially, are goals that users would like to achieve. The intent-based swap model allows projects, including Kinetex, to empower users while making the swap process far more streamlined for them. Thanks to intents, users can communicate what they wish to achieve (for instance, swap asset A for asset B at the most favorable cost) without providing specific instructions, leaving the protocol to take care of the means to achieve the desired result. By combining intents and resolvers, Kinetex can give users a totally seamless swapping experience.

Since Flash Trade relies on resolvers for liquidity supply, the Liquidity Aggregation mode might be a better solution for less liquid crypto assets. This mode pools liquidity across the whole blockchain industry, creating an infinite flow. Thus, Kinetex users can easily find and access liquidity for thousands of tokens without leaving Kinetex.

The Kinetex team is ready to change the way people approach using crypto assets in general and DeFi products in particular with innovative and user-friendly solutions. Next, the team is working on connecting Bitcoin with the DeFi space, which has the potential to usher in a new phase of development for the crypto industry.

Kinetex: changing DeFi with accessible and efficient solutions
Kinetex is an innovative blockchain company created to modify the crypto industry, especially its decentralized part, by lowering the knowledge threshold for entering the market and ensuring user interactions with DeFi services are enjoyable and productive.

Cryptocurrencies and related technologies can be intricate and perplexing, particularly for those new to this industry. To use crypto effectively, one must often acquire an in-depth understanding of blockchain technology, cryptography, and economics, which can be quite overwhelming, especially for non-tech-savvy individuals.

In addition, the DeFi industry, becoming increasingly popular these days, can be much harder to navigate and use, even after successfully exchanging assets on centralized exchanges. The decentralized nature of DeFi products and services means they have limitations when it comes to helping users in case of a mistake. Moreover, their interfaces are often complex and lack user-friendliness. Therefore, without a strong grasp of the technology and its underlying principles, users may find it difficult to enter the DeFi market and risk making costly mistakes or falling victim to scams.

This is why companies like Kinetex are working to lower the knowledge threshold for entering the market, making it easier for users to interact with DeFi services and enjoy the benefits of crypto without having to become experts in the field.

Founded in 2023, Kinetex has already received approval from the leaders of the industry, including 1inch, Gnosis Chain, and Factor. The collected funding enabled the team to push forward, designing original solutions to transform DeFi completely.

Currently, Kinetex users can access two modes, each offering an effortless swapping experience. The Flash Trade connects users with market makers, ensuring they get favorable, guaranteed rates and a gasless flow. In contrast, the Liquidity Aggregation mode unites dozens of sources to simplify finding liquidity for over 5,000 crypto assets.

With Flash Trade, Kinetex introduces a completely new approach to cross-chain trading. It consists of two critical aspects: resolvers and intents. Resolvers, also known as professional market makers, are meant to compete for user orders. They analyze the market, create trading strategies, use specialized bots, find optimal liquidity, offer rates, and complete orders, taking full responsibility for the swap process. This way, Kinetex does not need liquidity pools, which can be a security hazard for user funds.

Intents, essentially, are goals that users would like to achieve. The intent-based swap model allows projects, including Kinetex, to empower users while making the swap process far more streamlined for them. Thanks to intents, users can communicate what they wish to achieve (for instance, swap asset A for asset B at the most favorable cost) without providing specific instructions, leaving the protocol to take care of the means to achieve the desired result. By combining intents and resolvers, Kinetex can give users a totally seamless swapping experience.

Since Flash Trade relies on resolvers for liquidity supply, the Liquidity Aggregation mode might be a better solution for less liquid crypto assets. This mode pools liquidity across the whole blockchain industry, creating an infinite flow. Thus, Kinetex users can easily find and access liquidity for thousands of tokens without leaving Kinetex.

The Kinetex team is ready to change the way people approach using crypto assets in general and DeFi products in particular with innovative and user-friendly solutions. Next, the team is working on connecting Bitcoin with the DeFi space, which has the potential to usher in a new phase of development for the crypto industry.










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