Kane Agreement, a Decentralized derivatives trading platform, Announced the upcoming launch Binance Smart Chain (BSC). Kine is moving towards a multi-chain ecosystem to further expand its scope.
Through BSC integration, the Kine protocol will be able to support a series of new mortgage assets; including popular cryptocurrencies such as Bitcoin, Litecoin and Bitcoin Cash, as well as tokens on BSC.
Pledgers on BSC through Kine will be able to use all pledge functions; including the minting and destruction of Kine’s main stable currency kUSD, as well as participating in LP mining and obtaining rewards.
Kine acts as a conduit between users and equity pools to manage risks and rewards. In addition, the kUSD price peg will be improved with a new feature that allows kUSD traders to choose to redeem discounts or mortgage assets to profit from arbitrage.
BSC integration will be fully managed by Kine Exchange. Specifically, the locked tokens on Ethereum and BSC will be stored on the EOA address controlled by their exchange.
As a decentralized derivatives trading platform on the ETH public chain; the Kine protocol combines assets pledged on the Ethereum public chain with an off-chain transaction engine to create a decentralized and open trading experience.
Since providing DEX for the first time in March 2021, Kine has completed a major reform of its cross-chain infrastructure. Kine Protocol plans to further expand the application of its cross-chain operability on BSC; at the same time, more implementations will be made on the EVM chain and layer 2 aggregation.