Kana Labs  Cross Chain Solutions, built using both proprietary tech and integrations with multiple bridges. Make Cross-Chain transactions with faster speed and lower costs powered by a layer of bridge networking together with a proprietary smart routing algorithm.

Cross Chain

Kana Labs’ Cross-Chain solution is based on unique technology as well as interfaces with different bridges. They are collaborating with numerous protocols for third-party bridge solutions, including Wormhole, LayerZero, Axelar, the Celer network, and other proprietary bridges established by some of the blockchain networks themselves.

The layer of aggregated bridges is integrated into their UI alongside proprietary Kana technology to facilitate a true on-chain cross-chain transaction environment across various DeFi and DEX platforms from different blockchain ecosystems. As a result, we are one of the few service providers in the present blockchain industry that offers full on-chain DeFi operations.

On top of this layer of networked bridges, they have managed to integrate multiple non-EVMs such as Aptos&Solana as well as EVMs such as Neon&Polygon with the intention of continuing to integrate more bridges into the underlying core layer of bridges as well as multiple networks on top of this layer to provide a true networked and multi-chain/cross-chain environment for both retail users and dapps to build on.

The Disadvantages in Existing Cross-chain Solutions

Users must either manually exchange assets across different DeFi and DEX dApps or utilize cross-chain supported dApps that provide swap services to move assets between several blockchains. This results in a broker UX, making it even more difficult for novice users in the web3 ecosystem to become accustomed to many transactions, signs, confirmations, and a broad range of various UX across multiple dapps and networks.

There has been an exponential increase in the number of blockchain networks over the last couple of years, and it currently stands at 45+, with this number expected to rise in the coming years. As a result, web3 must learn to live in this multi-chain world and strive to make the experience across these chains as seamless and intuitive as possible if it is to onboard the next billion users.

A few protocols have attempted to address this issue by constructing numerous copies of their platform over many networks, however this approach is not scalable and just contributes to the dispersion of liquidity and users across multiple blockchain networks.

Other protocols have attempted to address this issue by building cross-chain products across multiple blockchains using bridges such as LayerZero/Wormhole, but this results in a centralized cross-chain functionality that is highly dependent on specific bridges, resulting in higher transaction costs and inefficient, time-consuming transactions.

What’s special about Kana Labs Tech?

Kana Labs is preparing for a multi-chain/cross-chain world that will give a highly frictionless experience for new and existing Web3 users, as well as a platform for dapps to gain extra liquidity regardless of the network on which they are built. These dapps would also be able to tap into consumers from many networks and grow over numerous chains without the need to grasp and comprehend intricate blockchain technology and development.

This is made feasible by their layer of networked bridges, which combines several bridges such as LayerZero, Wormhole, Celer, Axelar, and others, and serves as the foundation of our platform. This, in conjunction with their smart routing technology and a complementary suite of cross-chain products such as swap, lends, borrow, yield-farming, and a multi-chain wallet, would provide users with a seamless UX that abstracts away the complexity of dealing with multiple networks, transaction costs, delays, and broken UX across different dapps. Other dapps would be able to simply build on top of this aggregated bridging layer using our SDK, allowing them to grow across various networks and access more liquidity.

Their technology and routing algorithm ensure that the user or dapp receives the optimum pricing/rates/yields across several networks for every cross-chain transaction, maximizing their earning potential.

About Kana Labs

Kana Labs is a wallet-based multi-functional product suite that caters to all key DeFi needs in Solana, Neon and many more ecosystems. Swap, stake, farm, lend, borrow, and more in a single multi-chain wallet-based application.

Website | Twitter

SOURCE

https://docs.kanalabs.io/products-and-features/cross-chain

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This integration will help Kana Labs users in P2P payments, for requesting transactions from other identities, or for interacting with dApps.

How Kana Labs uses FPCN?

Kana Labs has integrated FPCN APIs in their Cross Chain Wallet. With this, they can start issuing chain-agnostic, custom-branded identities like name@kana to their users.

These chain-agnostic identities will be a single identity of a user across multiple blockchains. It can be used in P2P payments, for requesting transactions from other identities, or for interacting with dApps.

Now, anyone with name@kana can send any token from any chain to any identity in the ecosystem without the hassle of using a bridge or a DEX and also never sending it to the wrong addresses. Also, it will help Kana Labs user’s to request payments from each other or a dApp to request transactions from a Kana Labs user, thus introducing pull payments into the Kana Labs ecosystem.

How Fetcch uses Kana Labs?

Kana Labs provides FPCN with high quality bridge aggregation for Non-EVM chains. This will enable Fetcch to support Non-EVM blockchains. Like Solana and also Aptos for cross chain transactions using Fetcch Identities.

About Kana Labs

Kana Labs is a multi-functional chain-agnostic defi platform that tackles key issues like cross-chain interoperability. Lack of liquidity and also lack of intuitiveness in usability by providing a cross-chain middleware solution. Which comes with an SDK and a cross-chain wallet.

Additionally, Kana Labs is building a multi-chain wallet as part of its product suite to ensure that these confirmations/signing. That is required from the user is reduced to the highest extent possible (to just one in most cases). Irrespective of the number of networks that are involved in the transaction.

This wallet is available as both a browser extension as well as mobile app and apart from the multi-chain functionality. It will also have our suite of other products including the cross-chain swap/lend/yield-farming as well.

Website | Twitter

About FPCN

Fetcch Payment Connectivity Network or FPCN is an interconnected network of users, wallets, and dApps irrespective of the blockchain they are also based out of.

Wallets can become an FPCN Provider and also start issuing custom branded, chain agnostic wallet identities to its users that can be used anywhere in the ecosystem for —

• P2P payments
• Requesting transactions
• Interacting with dApps.

Website | Twitter

SOURCE: MEDIUM

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Kana Labs is proud to announce the launch of its liquidity and bridge aggregator SDK. This SDK is a middleware that enables third-party developers/founders/dapps who are unfamiliar with blockchain technology to easily build their product on top of their SDK as a front-end version using standard languages such as javascript and python.

The New SDK Product

The Kana Labs product suite has so far taken a B2C approach helping simplify DeFi for all participants, be it new users looking to try out cryptocurrencies or experienced DeFi practitioners. With the launch of our new SDK product, we are taking our first step into the B2B business arena.

The SDK, composed of two layers, the first of which aggregates liquidity from a variety of dApps built on supported blockchain networks. The second layer is made up of bridges, built into the Kana Labs product suite, allowing users to perform cross-chain transactions across all blockchain networks that have been integrated into the Kana Labs product suite. Kana Labs’ product suite is a user-friendly multi-chain DeFI super app that helps its users simplify various day-to-day operations such as send and receive, swap, stake, lend and borrow, and yield generation.

In the market, there are numerous liquidity aggregators and cross-chain service providers.

What Makes their SDK so Unique?

The majority of liquidity aggregation and cross-chain bridges found in today’s market focus on a single DeFi operation — Swap. However, DeFi is not limited to Swaps, and  their SDK supports a variety of DeFi operations including Swap, Stake, Yield Generation, Lend, and Borrow. Most cross-chain platforms that support multiple chains make bridging via EVMs possible.

This SDK will revolutionize cross-chain transactions in today’s DeFi industry because it covers liquidity aggregation for various DeFi operations such as Swap, Stake, and Lend and Borrow under a single UI, and their cross-chain solution includes many core-non EVM chains. Another notable feature is that their SDK supports multi-platform access, allowing it to use to develop apps for both desktop and mobile platforms.

Developers can interact with a larger audience base from multiple chains, resulting in a higher flow of liquidity, while users can interact with a diverse range of dApps from various blockchains through a single UI. Both web2 developers who are new to crypto and those who are already in the blockchain space and want to expand to different networks without the hassle of learning the core concepts of different blockchains can easily build their products on top of our SDK, making it an appealing product for devs/founders.

About Kana Labs

Kana Labs is a wallet-based multi-functional product suite that caters to all key DeFi needs in Solana, Neon and many more ecosystems. Swap, stake, farm, lend, borrow, and more in a single multi-chain wallet-based application.

Website | Twitter

SOURCE

https://kanalabs.medium.com/kana-labs-launches-liquidity-bridge-aggregator-sdk-1b0677d3b0ad

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Kana Labs Staking Aggregator provides users with a sort of gateway that allows them to access multiple service providers who provide staking services for a supported blockchain network through a single platform.

Introduction

Kana Labs previously offered staking in Solana, but only through the mobile app platform. Users could use the mobile app to exchange their Solana tokens for Marinade finance’s mSol tokens.

Staking is a method for users to earn money in the cryptocurrency market with little to no risk. The user stakes the tokens in their holdings to help support the blockchain’s operation (particularly transaction validation) and is rewarded based on the contribution of their staking. The longer you stake, the greater your rewards.

Kana Labs Staking Aggregation

Kana Labs is now offering staking in its web app platform, which includes aggregation support. In staking, how does aggregation work? Because most DeFi users have previously used aggregation for swaps, some may find how aggregation works when it comes to staking strange or confusing.

Kana Labs is working to integrate different staking platforms built on supported blockchain networks into their platform. When they are integrated, when a chain’s source token is selected, users will be able to view a list of supported staking platforms for the selected token in a single location, from which they can choose to stake in their preferred platform.

As a staking aggregator, they provide users with a sort of gateway. That allows them to access multiple service providers who provide staking services for a supported blockchain network through a single platform. Furthermore, because they already support Mainnet activities in the Solana and Aptos ecosystems. The staking platform’s web app version will support aggregated staking for both Solana (Solana) and Aptos (Aptos) tokens.

They currently support Marinade and Lido staking for Solana, while we support the Aptos ecosystem with the Ditto platform. More platforms from respective ecosystems will add to their list of staking aggregation platforms.

About Kana Labs

Kana Labs is a wallet-based multi-functional product suite that caters to all key DeFi needs in Solana, Neon and many more ecosystems. Swap, stake, farm, lend, borrow, and more in a single multi-chain wallet-based application.

Website | Twitter

SOURCE

https://kanalabs.medium.com/kana-labs-announces-launch-of-staking-aggregator-6cc37d66ffde

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