KIRA announces partnership with RAMP DEFI
What do KIRA and RAMP DEFI have in common, aside from a love of all caps? That’s right, staking. Specifically, both projects are focused on helping DeFi users extract every last drop of value from their staked assets. Given that KIRA and RAMP are pursuing similar goals when it comes to unlocking the full potential of any digital asset to generate yield, it makes sense to partner and pool our resources and brain power. So that’s exactly what we’ve done.
We’re pleased to announce that KIRA will be working with RAMP DEFI to roll out a Proof of Concept for Leveraged Staking. This is the process by which DeFi users can simultaneously stake assets across multiple chains at the same time, which enables them to juice obtainable yields without exposure to market volatility or otherwise increasing their risk profile.
As a consequence of the partnership we have entered into with RAMP, KIRA will also support the staking of stablecoins issued by RAMP. This will benefit KIRA delegators, who will have the opportunity to move away from staking volatile tokens, with the potential for loss that this carries, to staking stable assets — without losing out on block and fee rewards.
RAMP DEFI is on a mission to maximize capital efficiency on staked assets, unlocking the liquidity that is otherwise left unutilized in idle crypto assets. This enables DeFi users to earn greater staking rewards and to stack multiple yields simultaneously. This will bring greater efficiency to the DeFi market and incentivize broader participation, resulting in a better deal for all.
We look forward to working with RAMP DEFI to roll out Leveraged Staking as we pursue new ways for stakers to boost their bottom line without introducing custodial or protocol risk. Upon completion of our PoC with RAMP DEFI, we anticipate a wider rollout that will draw in more DeFi users, enticed by the many opportunities that liquid staking presents.
About RAMP
Backed by world-class investors, RAMP is a global decentralized finance solution that focuses on unlocking liquid capital from staked digital assets. Using the RAMP solution, users with staked assets can continue to receive staking rewards, retain capital appreciation potential on their staked portfolio, and unlock liquid capital to invest in new opportunities at the same time.
About KIRA
KIRA is a decentralized network secured by both cryptocurrencies and real world assets at stake thanks to its proprietary Multi-Bonded-Proof-of-Stake (MBPoS) consensus mechanism. Positioned within the Interchain and Web3 ecosystems KIRA makes it safer and easier to gain access to decentralized financial applications and unlock full economic potential of your capital to generate yield.
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