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Experience the Future of Liquid Staking: Kintsu Testnet Launches Exclusively on May 13th

London, UK, May tenth, 2024, Chainwire

Kintsu, a number one innovator in the DeFi area, is thrilled to announce the launch of its extremely anticipated Testnet on May 13th. This unique occasion invitations a choose group, together with the Kintsu OGs, to pioneer a brand new period in liquid staking on the cutting-edge Aleph Zero blockchain.

Aleph Zero is a permissionless Layer-1 blockchain that mixes a Proof of Stake (PoS) consensus mechanism with a Directed Acyclic Graph (DAG) for scalability, safety, and effectivity. Its superior privateness options embody zero-knowledge proofs (ZK-SNARKs) and safe multi-party computation (sMPC) inside the Liminal privateness layer.

About Kintsu

Kintsu goals to reshape the DeFi panorama with its next-generation liquid staking platform, empowering customers to stake their property whereas sustaining liquidity. By leveraging Aleph Zero’s state-of-the-art safety and unparalleled transaction speeds, Kintsu offers unmatched flexibility and effectivity in liquid staking.

A recipient of the Aleph Zero Ecosystem Funding Program, Kintsu is acknowledged as a pioneer inside the Aleph Zero, INK, and Substrate ecosystem. With a spotlight on decentralization, and safety, Kintsu goals to redefine liquid staking, offering DeFi customers with a environment friendly, scalable, liquid, and composable staking answer.

Key Options of the Kintsu Testnet

– Unique Early Entry: A choose group, together with the Kintsu OGs, could have the alternative to take part first, providing targeted suggestions to boost the platform iteratively.

– Seamless Staking Course of: Customers can stake their tokens with ease and have them allotted amongst fastidiously chosen validators for optimum safety and effectivity.

– Progressive Unstaking and Batching Course of: Unstaking requests are collected over a 48-hour interval earlier than being batched, adopted by a regular 14-day unbonding interval. Contributors can cancel their requests till they’re batched.

– Claimable Fuel Rewards: Following the unbonding interval, individuals can declare fuel rewards from the Liquid Staking Tokens (LSTs) initially escrowed.

– Complete Pockets Assist: Contributors can make the most of wallets like Aleph Zero Signer, Nightly, Subwallet, Talisman, and Polkadot{.js}.

Key Options of the Kintsu Testnet

Hats Finance Audit Competitors

Kintsu has partnered with Hats Finance, a decentralized cybersecurity community, to conduct an audit competitors on the contracts that can be deployed on the Testnet. The competitors includes a bounty of $40,000, incentivizing moral hackers and safety specialists to determine and report vulnerabilities. This initiative ensures that Kintsu’s contracts are completely vetted earlier than their mainnet launch, sustaining the highest safety requirements as Kintsu pioneers the future of liquid staking.

Participation and Suggestions

Kintsu invitations its group to actively take part in the Testnet, exploring its revolutionary options and offering essential suggestions. This suggestions will play a big function in enhancing the platform’s consumer expertise.

Customers can keep up to date on the newest developments and have interaction with different like-minded people by becoming a member of the Kintsu Discord community and following on Twitter. Insights and suggestions from the group are essential in shaping the future of DeFi.

Director of Development
Alexios Konstantinidis
Kintsu
[email protected]

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