Wombat and iZUMi Launch DEX to Strengthen Kaia Defi Ecosystem
The Kaia Foundation is operating the Dragon DeFi Initiative (D2I) program for a new brand of Kaia Chain through integration with Klaytn and Finschia to strengthen the DeFi ecosystem. As part of the D2I program, iZUMi and Wobmat have respectively launched KaiaSwap and Capybara, two DEXs. KaiaSwap uses a unique DLAMM model to provide high capital efficiency, while Capybara is a new DEX that combines user-friendly issuance platforms and stable exchange mechanisms. In addition, Kaia Chain will enhance on-chain data analysis and visualization through integration with Flipside. The Kaia Foundation aims to optimize the liquidity of the DeFi ecosystem, attract more partners to join, build a strong financial infrastructure, and promote synergy between DApps. It is reported that the Kaia Foundation and Kaia Chain are the names determined by the new brand "Kaia" of the integrated foundation of Klaytn and Finschia.
Disclaimer: everything in the article represents the author's point of view and has nothing to do with this platform. This article is not intended to be used as a reference for making investment decisions.
You may also like
Sei Foundation proposes version 2 network upgrade to bring EVM compatibility
Quick Take The Sei Foundation has proposed an upgrade to the Sei blockchain, targeting a transition to version 2. This upgrade aims to introduce a high-performance, parallelized Ethereum Virtual Machine.
Uniswaps Labs and Across Protocol introduce token standard ERC-7683 for better cross-chain interoperability
Quick Take Uniswap Labs and Across Protocol introduced a new Ethereum token standard called ERC-7683. ERC-7683 aims to create a universal filler network for all cross-chain intents to follow in their order structure, tackling relayer fragmentation. This would result in lower costs for fillers, a broader filler network for apps to use and lower costs passed onto users.
