Proposal #159 for Kinetix to Join Kava Ignition
We are excited to present another new proposal to bolster Kava Chain’s adoption, security, and decentralization.
The Kava Ignition Program, a community-led initiative, is designed to bring onboard outstanding protocols that have showcased their prowess in security, community engagement, and overall contribution to the DeFi space.
Spotlight on Kinetix
Kinetix Finance is set to be the first decentralized Perpetuals platform on the Kava Chain, complemented by a Uniswap v3 spot DEX that boasts concentrated liquidity. With core members from the Quickswap team, Kinetix is leveraging their expertise to create a Kava-native DeFi Hub with KFI.
Their involvement in Quickswap showcases the potential and promise Kinetix brings to Kava Chain and makes them great candidates for the Ignition program. The blend of industry experience from some of Quickswap’s key contributors and the innovative features of the Kinetix protocol promises to bring a fresh wave of excitement to the Kava community.
Proposal Highlights
- Upon the successful launch of a Kinetix Perpetual and the Kinetix v3 DEX on the Kava Chain, Kinetix will be entitled to a minimum of 125k KAVA monthly through Kava Rise for the subsequent 12 months.
- Kinetix pledges to usher in an array of projects to develop atop the Kinetix platform on the Kava Chain, further enriching the ecosystem.
Your Voice Counts!
This proposal marks another great opportunity to elevate the Kava Chain ecosystem. We encourage all community members to delve deeper into this initiative and make their voices heard.
