Step into the Future of Liquid Staking: Kintsu Testnet Set to Launch on May 13th

London, UK, May 10th, 2024, Chainwire

Kintsu Kintsu, recognized as a trailblazer in the DeFi arena, is delighted to unveil its eagerly awaited Testnet on May 13th. This exclusive launch welcomes a curated group of users, including the original Kintsu community members, to help pave the way for a groundbreaking approach to liquid staking utilizing the advanced Aleph Zero blockchain.

Aleph Zero functions as an open-access Layer-1 blockchain, merging a Proof of Stake (PoS) consensus model with a Directed Acyclic Graph (DAG) framework, offering unparalleled scalability, safety, and efficiency. It also boasts advanced privacy capabilities, including zero-knowledge proofs (ZK-SNARKs) and secure multi-party computation (sMPC) backed by the Liminal privacy layer.

About Kintsu

Kintsu is on a mission to transform the DeFi ecosystem by launching its state-of-the-art liquid staking platform. This innovation allows users not only to stake their assets but to retain liquidity simultaneously. Thanks to Aleph Zero's cutting-edge security measures and lightning-fast transaction speeds, Kintsu aims to deliver exceptional flexibility and efficiency for liquid staking.

As a recipient of the Aleph Zero Ecosystem Funding Program, Kintsu stands out as a leader within the Aleph Zero, INK, and Substrate communities. With a commitment to decentralization and security, Kintsu is set to revolutionize the liquid staking sector, offering DeFi participants an efficient, scalable, and liquid staking solution that's also fully composable.

Key Features of the Kintsu Testnet

– Special Early Access: A limited selection of participants, including the Kintsu OGs, will be the first to take part, providing targeted feedback that will help to refine the platform continuously.

– Streamlined Staking Experience: Participants can easily stake their tokens, which will then be distributed among a carefully chosen set of validators to ensure maximum security and efficiency.

– Creative Unstaking and Batching Feature: Unstaking requests will be gathered over 48 hours and organized into batches, which will then be subject to a standard unbonding waiting period of 14 days. Users can cancel their requests up until the batch processing occurs.

– Accessible Gas Rewards: Once the unbonding phase is complete, users will have the chance to claim gas rewards from the Liquid Staking Tokens (LSTs) that were initially set aside.

– Robust Wallet Compatibility: Users can manage their assets using various wallets, including Aleph Zero Signer, Nightly, Subwallet, Talisman, and Polkadot.js.

Hats Finance Audit Competition:

Kintsu has teamed up with Hats Finance, a decentralized cybersecurity organization, to facilitate an audit challenge focused on the contracts due to be deployed on the Testnet. This competition has a total bounty of $40,000, encouraging ethical hackers and cybersecurity specialists to discover and relay vulnerabilities. This proactive measure guarantees that Kintsu's contracts undergo extensive scrutiny before launching on the mainnet, upholding the highest security standards as Kintsu leads the charge in liquid staking.

Participation and Feedback:

Kintsu encourages community members to actively engage in the Testnet, exploring its innovative functionalities and sharing essential feedback. This input will be key in refining the user experience on the platform.

Engage with the Kintsu Community

Stay in the loop about the latest advancements and connect with others who share your interests by joining the Kintsu community. Community insights and suggestions are invaluable for shaping the DeFi landscape. Discord community and following on Twitter Please keep in mind that the information shared on this page does not constitute legal, tax, investment, financial, or any other kind of advice. Only invest what you can afford to lose, and consider seeking independent financial guidance if unsure. For more details, we recommend checking the terms of service and the help resources provided by the issuer or advertiser. MetaversePost is dedicated to delivering accurate and unbiased reporting, but market conditions may shift without notice.

Contact

Director of Growth
Alexios Konstantinidis
Kintsu