London, UK, Would possibly tenth, 2024, Chainwire
Kintsu, a eminent innovator within the DeFi dimension, is overjoyed to announce the creation of its extremely expected Testnet on Would possibly thirteenth. This unique tournament invitations a make a selection staff, together with the Kintsu OGs, to pioneer a unused pace in liquid staking at the state-of-the-art Aleph 0 blockchain.
Aleph 0 is a permissionless Layer-1 blockchain that mixes a Evidence of Stake (PoS) consensus mechanism with a Directed Acyclic Graph (DAG) for scalability, safety, and potency. Its complex privateness options come with zero-knowledge proofs (ZK-SNARKs) and store multi-party computation (sMPC) inside the Liminal privateness layer.
About Kintsu
Kintsu goals to reshape the DeFi terrain with its next-generation liquid staking platform, empowering customers to stake their property year keeping up liquidity. Via leveraging Aleph 0’s state of the art safety and unheard of transaction speeds, Kintsu supplies unrivaled flexibility and potency in liquid staking.
A recipient of the Aleph 0 Ecosystem Investment Program, Kintsu is known as a pioneer inside the Aleph 0, INK, and Substrate ecosystem. With a focal point on 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 Get right of entry to: A make a selection staff, together with the Kintsu OGs, will give you the chance to take part first, providing targeted comments to improve the platform iteratively.
– Seamless Staking Procedure: Customers can stake their tokens with diversion and feature them allotted amongst sparsely decided on validators for optimum safety and potency.
– Leading edge Unstaking and Batching Procedure: Unstaking requests are accumulated over a 48-hour length prior to being batched, adopted by means of a typical 14-day unbonding length. Members can stop their requests till they’re batched.
– Claimable Fuel Rewards: Following the unbonding length, contributors can declare fuel rewards from the Liquid Staking Tokens (LSTs) to start with escrowed.
– Complete Pockets Help: Members can make the most of wallets like Aleph 0 Signer, Nightly, Subwallet, Talisman, and Polkadot{.js}.
Hats Finance Audit Festival:
Kintsu has partnered with Hats Finance, a decentralized cybersecurity community, to behavior an audit festival at the promises that shall be deployed at the Testnet. The contest includes a bounty of $40,000, incentivizing moral hackers and safety mavens to spot and file vulnerabilities. This initiative guarantees that Kintsu’s promises are completely vetted prior to their mainnet creation, keeping up the easiest safety requirements as Kintsu pioneers the generation of liquid staking.
Participation and Comments:
Kintsu invitations its crowd to actively take part within the Testnet, exploring its cutting edge options and offering a very powerful comments. This comments will play games a vital function in improving the platform’s person enjoy.
Connecting with the Kintsu People
Customers can keep up to date at the original tendencies and have interaction with alternative like-minded folks by means of becoming a member of the Kintsu Discord crowd and following on Twitter. Insights and comments from the crowd are a very powerful in shaping the generation of DeFi.
Touch
Director of Expansion
Alexios Konstantinidis
Kintsu
hi@kintsu.xyz
