KingDeFi Introduced Compounding and Cross-Chain Bridge

The decentralized finance platform is still booming, and as proof of this, we can read articles showing statistics of every project we monitor. The rapid growing of this industry has paved the way for other crypto developers to develop their own platform to gain profit as well as to give livelihood to their supporters. Not for them to become rich instantly but to give them a way to generate passive income.

Bridging of assets has also become a trend in this business so that users, investors and customers do not suffer excessive transaction difficulties and pay exorbitant fees.

We have found this platform that offers complete package from pools, farming and bridging of assets. Introducing KingDeFi.

WHAT IS KingDeFI?

KingDeFi is the first AI Multi Chain Yield Aggregator. KingDeFi is a DeFi project combining two main areas: earning and monitoring. The earning part offers its users, the Knights, a large variety of multi-chain farming options. The monitoring part provides the Knights an overall market overview, a search engine to find the highest yields and a personalized portfolio tracking tool.

Introducing KingDeFi Bridge

A bridge is in practice a mechanism which allows the flow of tokens from one chain to another and vice versa. Bridges are extremely important because they help projects to move across multiple chains without issuing a new token on a different mainnet. This practice you will always have only one token, one project, one supply but on multiple chains. This features makes KingDeFi platform more unique than any other decentralized project.

SUPPORTED CHAINS ON KingDeFi Bridge

Binance

Ethereum

HECO Chain

Polygon

Solana

KingDeFi believe that going multi-chain without a functioning bridge is bad practice which can cause strong arbitrage and inflation effects between the two tokens issued on two different chains.

Aside from asset bridging, KingDeFi also introduced Auto Compounding, to give users the possibility to harvest only the accrued interest, as well as having an immediate overview of the capital invested and the interest accrued. For more aspect and important guidelines about KingDeFi Auto Compounding process, you are free to visit this article for understanding. Auto compunding of asset is the best way to generate passive income, and let your money works for you.

To give more spice, or sweet interest to the platform, KingDeFi launched its innovative double reward program.

HOW DOES DOUBLE REWARD PROGRAM WORKS?

This new farm offering will provide pools for $KRW and Partners allowing users to stake LP at KingDeFi and being rewarded with $KRW tokens and Partner’s token in a 50% — 50% distribution rate. By creating high APR farming pool with double reward bonus approach KingDeFi and Partners can share the same amount of token distribution emissions but also generate buying pressure on both token staked.

KingDeFi users will have the incentive to buy Partners’ tokens and get awareness of the related project. Partners’ community will also have an incentive to invest and stake $KRW token.

DOUBLE REWARD BENEFIT FOR PARTNERS

• KingDeFi will create a pool with Krown and Partners’ tokens where users can stake LP and earn daily rewards in both currencies.
• KingDeFi will offer free integration into its platform comprehending of the following services:
  1. Main Dashboard listing
  2. Pool search engine integration
  3. Portfolio tracking and analytics implementation
• The double reward program will help KingDeFi and its partners to bring more liquidity into Krown/other token pairs and many new users would buy both tokens in order to farm for the pool’s high double reward yields.
• The pools will be featured at the top of the pool double reward page at KingDeFi.
• KingDeFi will make an announcement and promote the partnership through its social media channel and third party providers.
• The partnership provides advertisement exposure to KingDeFi analytics users and community.

In finality KingDeFi platform provides and create a wide array of opportunity to let their users earn and enjoy benefits like any other platform has to offer.

Upon writing KingDeFi is now integrated with Avalanche, a relatively new blockchain with a focus on speed and low transactions costs and Celo Network an open platform that makes financial tools accessible to anyone with a mobile phone

RESOURCES
Medium | Twitter | Website | Telegram

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