Kine Protocol

What Is Kine Protocol?

Kine Protocol provides a peer-to-pool derivative market, where “general purpose” liquidity pools — backed by collateral of major crypto assets across multi-chains — serves as the passive counterparty to traders of perpetual contracts (perps). It provides traders with zero-slippage execution, guaranteed liquidity, up to 100x leverage with cross margin. The protocol allows traders to put up collateral on Ethereum, BNB Chain, Polygon and Avalanche.

There are three ways users can participate in the Kine Protocol ecosystem: as stakers, traders and liquidators.

Who Is the Founder of Kine Protocol?

The founder of the protocol is Lei Wang, a former investment banker with over 15 years of experience and former head of Huobi’s institutional business unit. The team behind the company has collectively worked at investment banks like Merill Lynch, HSBC and Citigroup in the past, and boasts an average of 7 years of trading and R&D experience.

When Did Kine Protocol Launch?

Kine Protocol was launched in March 2021, while the parent company Kine Technology was founded in December 2020.

In March 2021, the company received $7 million in funding led by angel investors Naval Ravikant (co-founder and former CEO of AngelList) and Alexander Pack (former managing partner at Dragonfly Capital), and participation from Blockchain Capital, Spartan Group, CMS Holdings and OKEx

In December 2021, Kine Protocol received a strategic investment from AVATAR, Avalanche Asia Star Fund, to expand its integration with the AVAX ecosystem.

Where Is Kine Protocol Located?

The company is located in Singapore.

Which Countries Can Use Kine Protocol?

At present, there is no information available regarding which countries are restricted from using the protocol.

List of Cryptocurrencies Supported on Kine Protocol

At the time of writing, Kine Protocol supports the trading of perpetual contracts of crypto tokens including BTC, ETH, SHIB, NEAR, BNB, ADA, MATIC, DOGE, FIL, EOS, XRP, LTC, TRX, ETC, SOL, LINK, DOT and UNI.

How Much Are the Kine Protocol Trading Fees?

Kine charges 0 gas fees and a fixed trading fee of 0.1% per every executed order, with exceptions for HT, OKB and WOO (which are charged at 0.8%).

Is It Possible To Use Leverage or Margin Trade on Kine Protocol?

Yes, users can trade any asset with leverage up to 100x. However, there are limitations on how much you can leverage. Kine Protocol enacts an individual ‘Position Limit’ for each asset to minimize risk for the liquidity pool.