Clover x KIRA | Enable Non-custodial Staking of Any Digital Asset Type

Clover Finance and KIRA Network announce a strategic integration to allow for non-custodial staking of any asset on Clover, including stable coins, digital fiat and NFTs, where tokens and their staking derivatives can be both staked and traded at the same time on KIRA Network and Clover.

KIRA Network is the first decentralized solution to secure and power DeFi applications with the liquidity of assets at stake. KIRA’s novel consensus — Multi-Bonded Proof of Stake (MBPoS) enables token holders to generate revenues from staking any digital asset — cryptocurrencies, stablecoins, digital fiat, or even NFT’s while maintaining full liquidity via natively supported liquid staking. KIRA Interchain Exchange Protocol, deployed on top of the KIRA Network is going to be the very first DeFi application propelled by the liquidity of assets at stake. Thanks to IXP, users will be able to trade and stake their assets at the same time.

This integration will see a cross-chain asset bridge built between Clover Finance and KIRA Network, allowing for non-custodial staking of any asset type, where tokens and their staking derivatives can be both staked and traded at the same time on KIRA Network and Clover.

This integration will provide a non-custodial platform for the staking of any asset type, allowing traders to monetize their digital assets while retaining full control. Users directly communicate with the network, with no middleman or centralized entity required to host the backend or front end, while seeing no limitation in terms of value of stake.

Integrating with Kira Network will allow us to take our decentralized staking program to the next level. Not only will traders be able to stake and monetize CLV on Clover Finance, but any digital asset type, including stablecoins, digital fiat, and NFTs — providing one decentralized portal to staking.

About KIRA

KIRA is a decentralized network secured by both cryptocurrencies and real world assets at stake thanks to its proprietary Multi-Bonded-Proof-of-Stake (MBPoS) consensus mechanism. Positioned within the Interchain and Web3 ecosystems KIRA makes it safer and easier to gain access to decentralized financial applications and unlock full economic potential of your capital to generate yield.

About Clover

Clover is a powerful smart contract platform that enables Ethereum developers and projects to migrate their contracts onto Polkadot. By minimizing the changes required to run existing Solidity smart contracts on the new network, Ethereum projects can simply replicate their dApp and deploy it to Clover using MetaMask, Truffle, Remix, and other familiar tools.

Website | Telegram |Discord |Twitter |Github

Follow Kingsman Ventures Media!

Medium | Telegram | Twitter | Website | Bitclout | Facebook

--

--

--

Kingsman Ventures is a venture focused on strategies related to growth hacking projects. We incubate, advise, fund, and support blockchain projects with all our

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Powering the mass adoption of blockchain with Coinfirm’s leading AML Risk Management Platform

Empleos.io Whitepaper Update: News and Highlights

ETHEREUM CASH- AN EXTRAORDINARY DECENTRALIZED FINANCE TOKEN THAT IS POWERED BY ETHEREUM BLOCKCHAIN…

MedicDoge - An Amazing and Supportive DeFi based platform With a Well Structured token

Introducing Nifty Erdstall — Our Plug-in NFT marketplace solution

MONET BLOCKCHAIN PROJECT (previously known as Medibit STO Project)- A QUICK INSIGHT

All about Tokamak DAO(1) [EN]

HashMix ICP Finance Staking Event

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Kingsman Ventures

Kingsman Ventures

Kingsman Ventures is a venture focused on strategies related to growth hacking projects. We incubate, advise, fund, and support blockchain projects with all our

More from Medium

How to Know If a Tornado is About To Touch-down

THE USE CASE OF AXELAR IN ITS SIMPLEST TERM.

Seasoned Veteran Dr. Jerome Fitch Brings Collegiate Athletics Expertise to Allen University

Liya Shuster-Bier: “Making Cancer Less Lonely” with Alula