London, UK, May 10, 2024, Chainwire
Kintsu, a leading innovator in DeFi, is pleased to announce the launch of its highly anticipated Testnet on May 13th. This exclusive event invites a select group, including the Kintsu OGs, to usher in a new era in liquid staking on the cutting-edge Aleph Zero blockchain.
Aleph Zero is a permissionless Layer-1 blockchain that combines a Proof of Stake (PoS) consensus mechanism with a Directed Acyclic Graph (DAG) for scalability, security and efficiency. The advanced privacy features include zero-knowledge proofs (ZK-SNARKs) and secure multi-party computation (sMPC) within the Liminal privacy layer.
About Kintsu
Kintsu aims to reshape the DeFi landscape with its next-generation liquid staking platform, allowing users to stake their assets while maintaining liquidity. Leveraging Aleph Zero’s advanced security and unparalleled transaction speeds, Kintsu provides unparalleled flexibility and efficiency in liquid staking.
As a recipient of the Aleph Zero Ecosystem Funding Program, Kintsu is recognized as a pioneer within the Aleph Zero, INK and Substrate ecosystem. With a focus on decentralization and security, Kintsu aims to redefine liquid staking, providing DeFi users with an efficient, scalable, liquid, and composable staking solution.
Key features of the Kintsu testnet
– Exclusive Early Access: A select group, including the Kintsu OGs, will have the opportunity to be the first to participate and provide targeted feedback to iteratively improve the platform.
– Seamless staking process: Users can easily stake their tokens and have them allocated to carefully selected validators for optimal security and efficiency.
– Innovative unstaking and batching process: Unstaking requests are collected over a 48-hour period before being batched, followed by a standard 14-day unbonding period. Participants can cancel their requests until they are grouped.
– Claimable Gas Rewards: After the disconnection period, participants will be able to claim Gas Rewards from the Liquid Staking Tokens (LSTs) that were initially held.
– Extensive wallet support: Participants can use wallets such as Aleph Zero Signer, Nightly, Subwallet, Talisman and Polkadot{.js}.
Hats financial audit competition:
Kintsu is partnering with Hats Finance, a decentralized cybersecurity network, to conduct an audit competition on the contracts that will be deployed on the Testnet. The competition has a $40,000 reward, which incentivizes ethical hackers and security experts to identify and report vulnerabilities. This initiative ensures that Kintsu’s contracts are thoroughly vetted before launching on the mainnet, maintaining the highest security standards as Kintsu pioneers the future of liquid staking.
Participation and feedback:
Kintsu invites its community to actively participate in Testnet, explore its innovative features and provide crucial feedback. This feedback will play an important role in improving the user experience of the platform.
Connecting with the Kintsu community
Users can stay up to date with the latest developments and connect with other like-minded individuals by joining Kintsu Community disagreement and follow further Tweet. Insights and feedback from the community are crucial in shaping the future of DeFi.
Contact
Director of Growth
Alexios Konstantinidis
Kintsu
hello@kintsu.xyz