London, United Kingdom, May 10, 2024, Chainwire
Kintsu, a leading innovator in the DeFi space, is excited to announce the launch of its long-awaited Testnet on May 13. This exclusive event invites a select group, including Kintsu OGs, to pioneer a new era in liquid betting on the cutting-edge Aleph Zero blockchain.
Aleph Zero is a permissionless Layer 1 blockchain that combines a proof-of-stake (PoS) consensus mechanism with a directed acyclic graph (DAG) to achieve scalability, security, and efficiency. Its advanced privacy features include zero-knowledge proofs (ZK-SNARK) and secure multi-party computing (sMPC) within the Liminal privacy layer.
About Kintsu
Kintsu aims to reshape the DeFi landscape with its next-generation liquid staking platform, allowing users to stake their assets while maintaining liquidity. By leveraging Aleph Zero's state-of-the-art security and unparalleled transaction speeds, Kintsu provides unparalleled flexibility and efficiency in liquid betting.
Kintsu, a beneficiary of the Aleph Zero ecosystem funding program, is recognized as a pioneer within the Aleph Zero, INK and Substrate ecosystem. With a focus on decentralization and security, Kintsu aims to redefine liquid staking, providing DeFi users with an efficient, scalable, liquid and composable staking solution.
Kintsu Testnet Key Features
– Exclusive Early Access: A select group, including Kintsu OGs, will have the opportunity to participate first, offering focused feedback to iteratively improve the platform.
– Seamless staking process: Users can stake their tokens with ease and allocate them among carefully selected validators for optimal security and efficiency.
– Innovative unbind and batch process: Unbind requests are collected over a 48-hour period before being batched, followed by a standard 14-day unbind period. Participants can cancel their requests until they are grouped.
Remove ads
.
– Claimable Gas Rewards: After the unbinding period, participants can claim gas rewards from initially deposited Liquid Staking Tokens (LST).
– Comprehensive wallet support: Participants can use wallets such as Aleph Zero Signer, Nightly, Subwallet, Talisman and Polkadot{.js}.
Hats Financial Audit Competition:
Kintsu has partnered with Hats Finance, a decentralized cybersecurity network, to hold an audit contest on contracts to be deployed on the Testnet. The competition offers a $40,000 reward, incentivizing ethical hackers and security experts to identify and report vulnerabilities. This initiative ensures that Kintsu contracts are thoroughly vetted before they are launched on the mainnet, maintaining the highest security standards as Kintsu pioneers the future of liquid staking.
Participation and feedback:
Kintsu invites its community to actively participate in Testnet, exploring its innovative features and providing crucial feedback. This feedback will play an important role in improving the user experience of the platform.
Connecting with the Kintsu community
Users can stay up to date on the latest developments and interact with other like-minded people by joining the Kintsu Discord community and following us on Twitter. Community insights and feedback are crucial to shaping the future of DeFi.
ContactGrowth DirectorAlexios Konstantinidiskintsu[email protected]
This article was originally published on Chainwire.
