Terranova Picks: Kianite, Letting the Community Govern
2 min readThe presence of decentralized finance (DeFi) in the blockchain environment has brought about great opportunities for individuals.
DeFi represents all traditional financial services in a decentralized way, as there is no company or bank runing it. As such, the process of finance is in the hands of the individual, and they can reinvent it whenever they wish.
In fact, the best way for this system to continue in development is through various products that facilitate the integration of people into DeFi. A bigger presence of people in this environment will increase its quality by overcoming their challenges.
Furthermore, the incentive for participation in the DeFi ecosystem can be quite attractive. With all this in mind, Kianite was created.
Get to know Kianite
Kianite is a DeFi protocol ecosystem on the Etherereum blockchain. The core mission of Kianite is to provide DeFi solutions that can be vertically integrated to allow users to maximize their investment.
The protocol is based on the Binance Smart Chain. It is a project that prioritizes the community and presents a bigger decentralization to DeFi. As a result, it seeks to build a community with broad participation that can interact with the platform by offering constructive feedback.
One of Kianite’s highlights is that it can provide indexes traded on community-governed exchanges. Its products offer interoperability to allow its users to maximize their profits from their investments thanks to vertical integration.
For the digital asset indices to cover the best tokens on the blockchain market, Kianite conducts careful analysis with its team and community.
The platform’s indexes track and follow the underlying prices of other crypto indexes using a special algorithm called the “decentralized reserve.” The initial indexes to be made available are Sapphire (low risk), Emerald (mild risk), and Ruby (high risk).
Tokenomics
The token of the Kianite platform is KIAN. It is a utility that provides platform governance to its holders.
For example, those who own the token can make proposals and vote on changes to products in the Kianite ecosystem. This includes the index composition, dex product development, lending in new markets, liquidity provider fees, and interest rates.
Kianite is making the community central to its DeFi project. By giving responsibility and opportunities to participate in its community, it encapsulates the spirit of decentralization.
The post Terranova Picks: Kianite, Letting the Community Govern appeared first on BeInCrypto.
