London, UK, Could 10, 2024, Chainwire

Kintsu, a number one innovator within the DeFi house, is happy to announce the launch of its long-awaited testnet on Could thirteenth. This particular occasion will invite a choose group, together with Kintsu OG, to pioneer a brand new period of Liquid His 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 multiparty computation (sMPC) inside the Liminal Privateness Layer.

About Chikazu

Kintsu goals to reshape the DeFi setting with a next-generation liquidity staking platform, permitting customers to stake their belongings whereas sustaining liquidity. By leveraging Aleph Zero's cutting-edge safety and unparalleled transaction speeds, Kintsu presents unparalleled flexibility and effectivity in liquid staking.

A recipient of the Aleph Zero Ecosystem Funding Program, Kintsu is acknowledged as a pioneer within the Aleph Zero, INK, and Substrate ecosystems. With a deal with decentralization and safety, Kintsu goals to redefine liquid staking and supply DeFi customers with an environment friendly, scalable and liquid configurable staking answer.

Most important options of Kintsu testnet

– Unique early entry: A choose group, together with Kintsu OGs, may have the chance to take part first and supply targeted suggestions to iteratively improve the platform.

– Seamless staking course of: Customers can simply stake their tokens and allocate them to rigorously chosen validators for optimum safety and effectivity.

– Modern unstaking and batching course of: Unstaking requests are collected and batched over 48 hours, adopted by a normal 14-day unbonding interval. Individuals can cancel requests till they’re batched.

– Claimable Gasoline Rewards: After the decoupling interval, contributors can declare fuel rewards from their initially escrowed Liquid Staking Tokens (LST).

– Complete pockets assist: Individuals can make the most of wallets comparable to Aleph Zero Signer, Nightly, Subwallet, Talisman, and Polkadot{.js}.

Hats Monetary Audit Contest:

Kintsu partnered with Hats Finance, a decentralized cybersecurity community, to conduct an audit contest for contracts deployed on the testnet. The competition presents a $40,000 reward and encourages moral hackers and safety professionals to determine and report vulnerabilities. This initiative ensures that Kintsu's contracts are totally vetted previous to mainnet launch, guaranteeing that Kintsu maintains the very best safety requirements because it pioneers the way forward for liquid staking.

Participation and suggestions:

Kintsu invitations the neighborhood to actively take part within the testnet, discover its progressive options, and supply essential suggestions. This suggestions performs an essential position in bettering the consumer expertise of the platform.

Join with the Chikazu neighborhood

Customers can keep updated on developments and join with different like-minded folks by becoming a member of the Kintsu Discord neighborhood and following us on Twitter. Insights and suggestions from the neighborhood shall be important in shaping the way forward for DeFi.

contactprogress directorAlexios ConstantinidisChikazu[email protected]

This text was initially revealed on Chainwire