Kine Protocol KINE
1. Summary
- Price
-
$0.11 +6.1%
- Market Cap
- $2.28M (#2229)
- Supply
- 20.21M / 100.00M
- Tags
- Ethereum Ecosystem
- Description
-
Kine Protocol
Kine Protocol
Kine Protocol is a decentralized protocol that establishes general purpose liquidity pools backed by a customizable portfolio of digital assets. The liquidity pool allows traders to open and close derivatives positions according to trusted price feeds, avoiding the need for counterparties. Kine lifts the restriction on existing peer-to-pool (aka peer-to-contract) trading protocols, expanding the collateral space to any Ethereum-based assets and allowing third-party liquidation.
Staking and Minting
Users can stake assets in the Kine Finance dApp, increasing their staking value and receiving a debt limit. This debt limit can be minted into kUSD as actual debt to the system, with a 20% haircut for liquidation buffers. The minted kUSD can be transferred to the Kine exchange as trading margin, facilitating trades with zero slippage and leveraged cross-margin trading on both crypto and non-crypto assets.
Trading Experience
The Kine exchange offers a seamless trading experience. Trading gains and losses are settled in kUSD, which can be bought or sold on decentralized exchanges like Uniswap and DODO. Users can withdraw their staked assets by burning the equivalent amount of kUSD.
Participants
Major roles in the Kine ecosystem include:
Stakers
Stakers provide liquidity to the pool by staking crypto assets and minting kUSD, receiving KINE rewards for their participation. They also passively bear the liquidity pool's exposed risk.
Traders
Traders use the Kine exchange to execute trades, enjoying zero slippage and leveraged cross-margin trading. Trading fees are distributed to stakers as rewards.
Liquidators
Liquidators help protect the liquidity pool from under-collateralization by paying back MCD debt using kUSD on behalf of insolvent stakers. They can seize an amplified portion of staked assets upon successful liquidation, realizing immediate profits.
Tokenomics
KINE is the native protocol token designed to facilitate community governance and incentivize the virtuous circle within the Kine ecosystem. It is issued on Ethereum following the ERC-20 standard.
| Price | |
| 52W High price | $0.36 |
| 52W High date | 5th Mar 2024 (4 months ago) |
| All Time High (ATH) Date | 15th Mar 2021 (3 years ago) |
| ATH Price | $6.87 |
| % From ATH | -97.04% |
| All Time Low (ATL) Date | 24th Dec 2022 (1 year ago) |
| ATL Price | $0.04 |
| % From ATL | 398.92% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $179,456.00 |
| Total Supply | 100.00M |
| Max Supply | 100.00M |
| Circulating Supply | 20.21M |
KINE
How does Kine Protocol's (KINE) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
30.4%
KINE
24.5%
Similar Market Cap
60 Day Return
-9.2%
KINE
22.0%
Similar Market Cap
1 Year Return
125.9%
KINE
24.9%
Similar Market Cap
We're monitoring 6 Kine Protocol GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Kine Protocol Repos)
Commits vs. The Market
- Past 4 weeks: 0 commits vs. an average of 1
- Past 12 weeks: 0 commits vs. an average of 8
- Past year: 0 commits vs. an average of 117
Most Active Repos
| Past week | 0 |
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| Past 12 weeks | 0 |
| Past year | 62 |
| Past week | 0 |
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| Past 12 weeks | 0 |
| Past year | 15 |
| Past week | 0 |
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| Past 12 weeks | 0 |
| Past year | 1 |
| Past week | |
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| Past 12 weeks | |
| Past year |
| Past week | |
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| Past 12 weeks | |
| Past year |
| Past week | |
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| Past 12 weeks | |
| Past year |
Top Developers 2024
In total, 7 developers have contributed to Kine Protocol over the past year. Who are the most active Kine Protocol developers, by commits, over the past year?
Related Projects
Developers working on Kine Protocol also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 37,562 |
|---|---|
| Active Reddit Users (past 24h) | 2 |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 10,430 |
| Twitter followers | 100,141 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://kine.io/ |
|---|---|
| Explorer | https://etherscan.io/token/0xcbfef8fdd706cde6f2084... |
| @kineprotocol | |
| /r/KineProtocolOfficial | |
| Whitepaper | https://docs.kine.io/whitepaper/kine-token-model |
What is the correct contract address for Kine Protocol?
| Ethereum | 0xcbfef8fdd706cde6f208460f2bf39aa9c785f05d |
|---|
Has Kine Protocol been audited for security?
No security audits found for this project.
Are you the owner of Kine Protocol? Edit it here
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