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.
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.
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.
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