London, UK, May 10, 2024, Chainwire
Chikazu, a leading innovator in the DeFi space, is excited to announce the launch of its long-awaited testnet on May 13th. This special event will invite a select group, including Kintsu OG, to pioneer a new era of liquid staking on his cutting-edge Aleph Zero blockchain.
Aleph Zero is a permissionless layer-1 blockchain that combines a proof-of-stake (PoS) consensus mechanism with a directed acyclic graph (DAG) for scalability, security, and efficiency. Its advanced privacy features include zero-knowledge proofs (ZK-SNARKs) and secure multiparty computation (sMPC) within the Liminal Privacy Layer.
About Chikazu
Kintsu aims to reshape the DeFi environment with a next-generation liquidity staking platform, allowing users to stake their assets while maintaining liquidity. By leveraging Aleph Zero’s cutting-edge security and unparalleled transaction speeds, Kintsu offers unparalleled flexibility and efficiency in liquid staking.
A recipient of the Aleph Zero Ecosystem Funding Program, Kintsu is recognized as a pioneer in the Aleph Zero, INK, and Substrate ecosystems. With a focus on decentralization and security, Kintsu aims to redefine liquid staking and provide DeFi users with an efficient, scalable and liquid configurable staking solution.
Main features of Kintsu testnet
– Exclusive early access: A select group, including Kintsu OGs, will have the opportunity to participate first and provide focused feedback to iteratively enhance the platform.
– Seamless staking process: Users can easily stake their tokens and allocate them to carefully selected validators for optimal security and efficiency.
– Innovative unstaking and batching process: Unstaking requests are collected and batched over a 48-hour period, followed by a standard 14-day unbonding period. Participants can cancel requests until they are batched.
– Claimable Gas Rewards: After the decoupling period, participants can claim gas rewards from their initially escrowed Liquid Staking Tokens (LST).
– Comprehensive wallet support: Participants can utilize wallets such as Aleph Zero Signer, Nightly, Subwallet, Talisman, and Polkadot{.js}.
Hats Financial Audit Contest:
Kintsu partnered with Hats Finance, a decentralized cybersecurity network, to conduct an audit contest for contracts deployed on the testnet. The contest offers a $40,000 reward and encourages ethical hackers and security professionals to identify and report vulnerabilities. This initiative ensures that Kintsu’s contracts are thoroughly vetted prior to mainnet launch, ensuring that Kintsu maintains the highest security standards as it pioneers the future of liquid staking.
Participation and feedback:
Kintsu invites the community to actively participate in the testnet, explore its innovative features, and provide important feedback. This feedback plays an important role in improving the user experience of the platform.
Connect with the Chikazu community
By joining Kintsu, users can stay up to date with developments and connect with other like-minded people. Discord community And then twitter. Insights and feedback from the community will be critical in shaping the future of DeFi.
contact
growth director
Alexios Constantinidis
Chikazu
hello@kintsu.xyz
Source: www.the-blockchain.com
