Solarbeam x Kintsugi
Solarbeam takes another step towards interoperability with Kintsugi
Welcoming Interlay’s canary network comes with an exciting announcement, Solarbeam is bringing a new stable farm to the community:
$kBTC/$wBTC
The Solarbeam Foundation is willing to be a purveyor of true decentralization within the DeFi space. So, believing that interoperability is a path to a trustful and democratized ecosystem, it deployed a strong partnership structure . These efforts led to the foundation of the shining curve, a liquidity program to incentivize selected pairs on Moonriver.
Taking another step towards the vision of creating a comprehensive and convenient, one-stop platform, Solarbeam has partnered with Kintsugi with the introduction of a new stable farm for the community and more to come in the future.
In addition to bringing more rewards to the community, this partnership will set the precedence for the blockchain ecosystem.
And it all starts with Interlay
Optimizing the future of farming model: A Vision led by innovation
Acceptance of decentralization is a paradigm shift for DeFi @large .
However, that principle is still ongoing and not yet close to becoming a no-brainer. In order to accelerate this massive achievement, highly experienced professionals — masters of the CS domain — came together to establish Interlay, an R&D company with the vision to make Bitcoin interoperable in a fully trustless and decentralized fashion.
interBTC, the flagship of Interlay, is Bitcoin on any Blockchain, a fully collateralized, interoperable, and censorship-resistant 1:1 Bitcoin Blockchain asset hosted on the Polkadot parachains and connected to major DeFi networks.
Kintsugi is interlay’s canary network for InterBTC, sharing the same codebase as the interBTC but moving forward by taking a more innovative approach.
kBTC, the 1:1 Bitcoin backed asset of Kintsugi, features the same design as interBTC but focuses more on experimentation and parameterization.
Kintsugi is ruled by its community from day one — via KINT, Kintsugi’s governance token.
Taking a fully decentralized approach, Kintsugi features no restrictions regarding who and how many are allowed to become vaults. It also provides multi-collateral support.
These factors are pushing DeFi ecosystems toward its journey to democratization and embracement of a new era, and SolarBeam’s partnership will boost this push even further.
“The Solarbeam foundation takes great care in selecting new partners to create the best opportunities of success for its community”
Solarbeam has taken many steps to promote DeFi capabilities, where the community gets optimal incentives.
Now, with the partnership with Kintsugi, more members will enjoy even more incentives.
The Wrapped BTC and Kintsugi BTC pair will pave the way for a more articulated approach enforced by way of governance that will create a more conducive ecosystem for the growth of DeFi platforms.
This partnership can set the precedent for opening BTC to everyone who seeks to leverage DeFi and engage with it.
Its continuous effort to deploy valued partnership and the introduction of the Shining Curve to incentivize the liquidity pairs, every step has been taken to create a trustful and people-led ecosystem within the blockchain space.
And now, Solarbeam is welcoming Kintsugi, Interlay’s canary network to Moonriver.
You can find a tutorial on how to transfer kBTC and xcKINT on Moonriver, here
Kintsugi — Radically Open Bitcoin on Kusama
Kintsugi| Twitter | Discord | Telegram | Medium
Solarbeam Foundation — Shine a light on DeFi, powering Moonriver and Moonbeam
Solarbeam | Solarflare| Twitter | Discord | Telegram | Medium
