Kane Agreement, a Decentralized protocol Establishing a universal liquidity pool supported by a customizable digital asset portfolio, today announced that it has partnered with Polygon to bring high-profit cross-chain derivatives transactions to the Polygon network to further expand scalability and increase user adoption.
This integration will enable cross-chain asset transactions between Polygon, Binance Smart Chain, and the Ethereum network, while reducing gas fees and alleviating concerns about Ethereum’s increased gas fees. The assets that can be pledged include BTC, MATIC, BNB, Kine, BTC/ETH Quick LP, USDC/ETH Quick LP, MATIC/ETH Quick LP, and Kine dApp to manage risk and distribute rewards.
“The launch of Kine Protocol is another example of the world’s smartest blockchain developers choosing Polygon as the basis for their innovation. We are delighted to provide a frictionless experience that allows users to experience the future of Kine protocol derivatives trading.”
– Sandeep Nailwal, co-founder of Polygon
With Polygon’s full-stack Ethereum expansion solution, tens of thousands of Polygon users can log in at the same time to open and close derivatives positions without counterparties. Polygon’s high-speed and low-gas-consumption infrastructure makes Kine’s functions—including pledge, casting, burning, rewards, and liquid agriculture—faster, providing a frictionless experience for all users.
“We look forward to developing the Kine Protocol community through Polygon and supporting Polygon’s mission to bring blockchain infrastructure to the public.”
– Wang Lei, CEO and founder of Kine Protocol
Kine Protocol’s team has extensive experience in derivatives trading, having previously held positions at HSBC and Merrill Lynch. By deploying a common liquidity pool, Kine’s DeFi protocol facilitates fast and transparent derivatives transactions without the need for counterparties.