Kine Protocol is Bringing its Cross-chain Derivative Trading Platform to Polygon

Published on: 31.08.2021

Kine Protocol will be bringing its cross-chain derivative trading platform to Polygon.

The cross-chain derivatives platform has features that include staking, minting, burning, rewards, and liquidity farming. Kine Protocol’s launch will complement Polygon’s aim in helping DeFi DApps to get integrated into other DApps and create the best composability out of any ecosystem outside of Ethereum main chain.

With Polygon’s full-stack Ethereum scaling solution, tens of thousands of users can experience the future of derivatives trading on Kine simultaneously. 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.

About Kine Protocol

Kine is a decentralized protocol that establishes general-purpose liquidity pools backed by a customizable portfolio of digital assets. The liquidity pool allows traders to open and close derivatives positions according to trusted price feeds, avoiding the need for counterparties. Kine lifts the restriction on existing peer-to-pool trading protocols by expanding the collateral space to any Ethereum-based assets and allowing third-party liquidation.

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About Polygon

Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 500+ Dapps, ~567M+ txns, and ~6M+ daily txns.

If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.