London, UK, May 10th, 2024, Chainwire

Kintsu, a leading innovator in the DeFi space, is thrilled to announce the launch of its highly anticipated Testnet on May 13th. This exclusive event invites a select group, including the Kintsu OGs, to pioneer a new era in liquid staking 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) for scalability, security, and efficiency. Its advanced privacy features include zero-knowledge proofs (ZK-SNARKs) and secure multi-party computation (sMPC) within the Liminal privacy layer.

About Kintsu

Kintsu aims to reshape the DeFi landscape with its next-generation liquid staking platform, empowering users to stake their assets while maintaining liquidity. By leveraging Aleph Zero’s state-of-the-art security and unparalleled transaction speeds, Kintsu provides unmatched flexibility and efficiency in liquid staking.

A recipient of the Aleph Zero Ecosystem Funding Program, Kintsu 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 a efficient, scalable, liquid, and composable staking solution.

Key Features of the Kintsu Testnet

– Exclusive Early Access: A select group, including the Kintsu OGs, will have the opportunity to participate first, offering focused feedback to enhance the platform iteratively.

– Seamless Staking Process: Users can stake their tokens with ease and have them allocated among carefully selected validators for optimal security and efficiency.

– Innovative Unstaking and Batching Process: Unstaking requests are collected over a 48-hour period before being batched, followed by a standard 14-day unbonding period. Participants can cancel their requests until they are batched.

– Claimable Gas Rewards: Following the unbonding period, participants can claim gas rewards from the Liquid Staking Tokens (LSTs) initially escrowed.

– Comprehensive Wallet Support: Participants can utilize wallets like Aleph Zero Signer, Nightly, Subwallet, Talisman, and Polkadot{.js}.

Hats Finance Audit Competition:

Kintsu has partnered with Hats Finance, a decentralized cybersecurity network, to conduct an audit competition on the contracts that will be deployed on the Testnet. The competition features a bounty of $40,000, incentivizing ethical hackers and security experts to identify and report vulnerabilities. This initiative ensures that Kintsu’s contracts are thoroughly vetted before their mainnet launch, maintaining the highest security standards as Kintsu pioneers the future of liquid staking.

Participation and Feedback:

Kintsu invites its community to actively participate in the Testnet, exploring its innovative features and providing crucial feedback. This feedback will play a significant role in enhancing the platform’s user experience.

Connecting with the Kintsu Community

Users can stay updated on the latest developments and engage with other like-minded individuals by joining the Kintsu Discord community and following on Twitter. Insights and feedback from the community are crucial in shaping the future of DeFi.

Contact

Director of Growth
Alexios Konstantinidis
Kintsu
hello@kintsu.xyz

You May Also Like

A Noble Launch Gets Underway

With the launch of their Noble Knights NFT collection, Nobility is working…

Nycrypto Labs Raises $800K to Launch and Scale Tidus, the Crypto Everything App

 Nycrypto Labs, a blockchain development hub dedicated to simplifying the transition from…

DNB Financial Group Launches New AI Trade Alerts, Earning High Praise from UK Analysts for Reliability and Speed

In a bold move to expand its AI capabilities, DNB Financial Group…

Furrever Token (FURR) Shines with $10,000 Reward Competition Amid Bitcoin (BTC) and Ethereum (ETH) Recovery Efforts

Today in the crypto world, Bitcoin (BTC) and Ethereum (ETH) are on a mission…

POKT Network Welcomes Three New Gateways & Brings Open Data Access to Millions of End Users

Georgetown, Cayman Islands, April 9th, 2024, Chainwire Developer DAO, Raid Guild, and…

Naoris Protocol Showcases Quantum-Resistant Security at 1640 Society Family Office Wealth Forum & Volcano Innovation Summit

Naoris Protocol, the first in production quantum-resistant blockchain and cybersecurity mesh architecture,…
FiNext 2019

InternetShine Corp. Announces Fifth Edition Of FiNext Awards & Conference in San Francisco 2020

San Francisco, 2020 – InternetShine Corporation will present FiNext Awards & Conference at…

Introducing SatoshiSwap, pioneer decentralized exchange built on the Bitcoin network

The DeFi sector is witnessing a NEW wave of innovation as projects…

Fasqon Announces the Launch of its Next-gen Web3 Banking and Crypto Platform

Fasqon today announces the launch of its next-gen Web3 banking and crypto platform…

Nest partners with Blockchain Magazine and Blockchain Wire!

Nest Protocol, a decentralized asset management protocol, has partnered with two leading…