Enable kBTC/BTCB (0.01% fee tier) V3 gauge on BNB Chain

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Overview

  • Kinza Finance is a Binance-Labs incubated DeFi lending protocol currently live on BNB, opBNB, Mantle, and Ethereum.
  • Kinza supports a wide range of LST and LRT tokens across networks.
  • Kinza has launched native Bitcoin staking powered by Babylon. Kinza Bitcoin LRT frees up BTC capital and allows users to put it to work in DeFi.
  • Staked BTC is held in a multi-party-computation (MPC) wallet in collaboration with Cobo.

Background

*kBTC is minted 1:1 (minus fees) for staked Bitcoin on Kinza Finance. It represents the rights for a wallet to exchange back for Bitcoin.
*kBTC is minted by staking native Bitcoin on Kinza Finance.
*Good liquidity pool for kBTC/BTCB will allow users to deploy their LRT and seek opportunities across DeFi.
*A bribe of incentive is planned for the future.
*2x Babylon points with active valid LP range of ±1%.

Details

  1. **[Boost Multiplier and Emission Cap %
  • 1.5x boost multiplier and 0.5% emission cap

  1. Audits: Provide links to relevant audits
    https://3196682261-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FokZHrBDovBJpGRq7GagR%2Fuploads%2FGioebuDa8UP0l0HVEYyo%2FSlowMist%20Audit%20Report%20-%20kBTC.pdf?alt=media&token=66390977-b369-4ec5-892d-9e910d668a13

  2. Token Utility: kBTC gives BTC holders the opportunity to free up their staked capital and deploy across DeFi for additional yield. Powered by Babylon, the staked BTC is restaked and rewards generated. kBTC represents the rights to claim and unstake BTC on Kinza Finance.

  3. Volatility:
    kBTC is minted 1:1 (minus fees) for BTC and will be redeemable 1:1 BTC/kBTC (minus fees) when Babylon mainnet is live.

  4. Oracles:
    None at this time.

  5. Control: N/A

  6. Merit: Kinza will incentivize kBTC liquidity provision on PancakeSwap and bring volume and users to PancakeSwap.

Links

  1. Token address: 0x9356f6d95b8E109F4b7Ce3E49D672967d3B48383

  2. Liquidity pool address: 0x7b0240618CfE1cf4c576a905CA2557f287F97911

  3. Position manager vault address (if applicable)
    N/A

  4. Website: https://kinza.finance

  5. Socials: Twitter: x.com

Discord: Kinza Finance

Telegram: Telegram: Contact @kinza_finance

  1. Documentation: https://docs.kinza.finance

  2. Github: GitHub - Kinza-Finance/omnichain-kBTC

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Thank you for your application! The Kitchen has enabled the kBTC/BTCB 0.05% fee tier on BNB Chain with 1x boost multiplier and 0.5% emissions cap.

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