London, UK, Could tenth, 2024, Chainwire
Kintsu, a number one innovator within the DeFi area, is thrilled to announce the launch of its extremely anticipated Testnet on Could thirteenth. This unique occasion invitations a choose group, together with the Kintsu OGs, to pioneer a brand new period in liquid staking on the cutting-edge Aleph Zero blockchain.
Aleph Zero is a permissionless Layer-1 blockchain that mixes a Proof of Stake (PoS) consensus mechanism with a Directed Acyclic Graph (DAG) for scalability, safety, and effectivity. Its superior privateness options embrace zero-knowledge proofs (ZK-SNARKs) and safe multi-party computation (sMPC) inside the Liminal privateness layer.
About Kintsu
Kintsu goals to reshape the DeFi panorama with its next-generation liquid staking platform, empowering customers to stake their belongings whereas sustaining liquidity. By leveraging Aleph Zero’s state-of-the-art safety and unparalleled transaction speeds, Kintsu gives unmatched flexibility and effectivity in liquid staking.
A recipient of the Aleph Zero Ecosystem Funding Program, Kintsu is acknowledged as a pioneer inside the Aleph Zero, INK, and Substrate ecosystem. With a give attention to decentralization, and safety, Kintsu goals to redefine liquid staking, offering DeFi customers with a environment friendly, scalable, liquid, and composable staking resolution.
Key Options of the Kintsu Testnet
– Unique Early Entry: A choose group, together with the Kintsu OGs, may have the chance to take part first, providing centered suggestions to boost the platform iteratively.
– Seamless Staking Course of: Customers can stake their tokens with ease and have them allotted amongst fastidiously chosen validators for optimum safety and effectivity.
– Revolutionary Unstaking and Batching Course of: Unstaking requests are collected over a 48-hour interval earlier than being batched, adopted by a normal 14-day unbonding interval. Individuals can cancel their requests till they’re batched.
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– Claimable Gasoline Rewards: Following the unbonding interval, individuals can declare gasoline rewards from the Liquid Staking Tokens (LSTs) initially escrowed.
– Complete Pockets Help: Individuals can make the most of wallets like Aleph Zero Signer, Nightly, Subwallet, Talisman, and Polkadot{.js}.
Hats Finance Audit Competitors:
Kintsu has partnered with Hats Finance, a decentralized cybersecurity community, to conduct an audit competitors on the contracts that shall be deployed on the Testnet. The competitors incorporates a bounty of $40,000, incentivizing moral hackers and safety specialists to determine and report vulnerabilities. This initiative ensures that Kintsu’s contracts are completely vetted earlier than their mainnet launch, sustaining the very best safety requirements as Kintsu pioneers the way forward for liquid staking.
Participation and Suggestions:
Kintsu invitations its group to actively take part within the Testnet, exploring its revolutionary options and offering essential suggestions. This suggestions will play a big position in enhancing the platform’s person expertise.
Connecting with the Kintsu Group
Customers can keep up to date on the most recent developments and interact with different like-minded people by becoming a member of the Kintsu Discord group and following on Twitter. Insights and suggestions from the group are essential in shaping the way forward for DeFi.
ContactDirector of DevelopmentAlexios KonstantinidisKintsuwhats up@kintsu.xyz
This text was initially revealed on Chainwire
