Kylin Network x THORChain Integration
Kylin Network & THORChain announced integration, so KYL is now LIVE for trading on THORSwap.
Their community will be enabled to earn further passive income on their KYL-holdings by providing liquidity to the KYL/RUNE asset pool and to swap easily towards other native assets like BTC, BCH or BNB through one and the same decentralized marketplace.
For trading KYL on THORSwap, or if you want to dip your toes into the KYL/RUNE pool by adding your own liquidity, just follow the instructions:
- Got to https://app.thorswap.finance/
- Click on “Connect” in the upper right corner
- Click on “Create Keystore”
- Chose a safe (!) password and click on “create”
- Save the Keystore file
- When you come back: click on “Connect” and “Connect Keystore”
- Upload your Keystore file, enter the password and click “unlock”
- Click on “View Wallet” to see your asset addresses
- Click on the ETH-address to copy/paste it in order to send your KYL there from MyEtherWallet, MetaMask, etc.
KYL/RUNE Liquidity providers can earn transaction fees in RUNE and yield in KYL according to the individual size of the pool share. Simply click on “Liquidity” and choose either KYL, KYL+RUNE or RUNE to add to the pool.
What is THORChain?
THORChain is a decentralised cross-chain liquidity protocol based onTendermint & Cosmos-SDK, utilising Threshold Signature Schemes (TSS). It does not peg or wrap assets. Instead it simply determines how to move them in response to user-actions.THORChain is primarily a leaderless vault manager, ensuring that every stage of the process is byzantine-fault-tolerant. THORChain’s primary objective is to be resistant to centralisation and capture whilst facilitating cross-chain liquidity. THORChain only secures the assets in its vaults, and has economic guarantees that those assets are safe.THORSwap is the MCCN interface that allows users to seamlessly access decentralised native cross-chain liquidity.
What is Kylin?
Kylin Network aims to build a cross-chain platform powering the data economy on Polkadot. It will be the data infrastructure for the future DeFi and Web 3.0 powered by Polkadot. Kylin Network will provide valid, reliable, secure, cost-effective, and easily-coordinated data sources and data analytics.
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