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The Kalmar team has been eyeing the Ethereum network since the launch of prominent Daoos began occurring. The use of smart contracts has allowed developers to introduce novel solution to the crypto space such as automated market makers, lending, and recently, leveraged yield farming. Currently DeFi is one of cryptos fastest growing sectors with over 40B USD locked in DeFi platforms. While the DeFi sector is flourishing, the Kalmar team has identified some weaknesses. These consist of high transaction costs, complicated UI/UX's, and many Dapps that all vary in design. The Kalmar team has focused on creating a user-friendly DeFi bank to combat these issues, offering numerous DeFi services from one Dapp. Further, the team has chosen the Binance Smart Chain to reap the rewards of quick block times and minimal transaction fees.
As DeFi protocols continue to innovate, Kalmar aims to be at the forefront. Kalmar's bank Dapp will provide users with easy access to lending, derivatives, payments, and liquidity provision. This Dapp aims to bundle all prevalent services into one, catering to the user. This is crucial as currently, users would have to interact with multiple Dapps to access all of these features. The team doesn't stop there, as their end vision is to "provide its users with an opportunity to constantly benefit from various industries… in a single user-friendly platform." In short, Kalmar is striving to create mass and straightforward adoption through consolidating DeFi services into one single protocol. The team is confident in their goals and believe the BSC is a great place to start with its rapid user growth alongside the low transaction fees.
The team has noticed that there are already a large number of DEX AMM's on the BSC. Instead of battling with already established protocols such as PancakeSwap and SushiSwap, Kalmar aggregates their liquidity. Through utilizing a yield aggregation engine, the team provides its users with token swaps using multiple liquidity routes. This allows users to minimize their transaction costs by reducing slippage and selecting the cheapest exchanges.
The following flow map outlines the two simplified functions of the Kalmar yield aggregation engine:
Reading the prices and liquidity available on multiple decentralized exchanges
Picking the best price for user's deal, taking in consideration the amount they want to swap
Leveraged yield farming is a fairly new product popularized by Alpha Homora, a derivative and yield farming protocol on Ethereum. Kalmar has also innovated on this front, offering users this service on the BSC. In this model, there are three roles: BNB lenders, Yield Farmers, and Liquidity Providers.
These users provide BNB to the bank. When lending BNB tokens to the "bank" the smart contract returns a proportional amount of iBNB tokens. These tokens are interest-bearing assets that act as a receipt for the initial BNB deposited. The interest-bearing mechanism acts as a liquidity incentive, rewarding users who provide the needed BNB liquidity. This creates a yield farming model for those who lend BNB.
Using the BNB from the lenders, the Kalmar smart contract is able to provide users with up to 2.5X of the APY. For users to borrow this BNB, they simply supply their yield farming pair, which is used as collateral. On top of utilizing the lent BNB, Kalmar also incorporates basic yield optimization strategies. The smart contract reinvests the liquidity rewards and trading fees collected for more of the respective LP tokens. This allows for complete automation of yield farming while simultaneously introducing compound interest. The Kalmar team provides the following example:
User X has 100 BNB and wants to farm CAKE by using PancakeSwap's CAKE/BNB Farm.
Normally, User X would split his 100 BNB in 50 BNB worth of CAKE and 50 BNB and provide liquidity and farm CAKE with the 200% APR PancakeSwap provides.
User X wants to get higher rewards, so he uses Kalmar's Yield Farming platform to borrow another 150 BNB from the bank. He uses leverage to yield farm PancakeSwap's CAKE/BNB Farm with a total of 250 BNB, which gives him 500% APR, more than double of what he'd receive if he farmed with only 100 BNB.
It is good to keep in mind that User X also has to pay the borrowing interested on the borrowed amount and make sure his position value doesn't drop below the minimum threshold, in which case his position will be liquidated.
Liquidity provider's play a very similar role to that of yield farmers. The key difference is that liquidity providers utilize liquidity pools with no additional yield incentives. Unlike the yield farmers, who earn both liquidity rewards and swap fees, liquidity providers only earn swap fees. This is due to no specific "farm" being offered to the respective liquidity pair. Other than that, the mechanisms of leverage remain the same, allowing users to increase their LP fee earnings.
*Currently, this feature is not live on the testnet*
The Kalmar team does an elegant example of explaining the process of leveraged yield farming. Once a user supplies the respective token pair, the following process will be executed:
Leveraged yield farming adds a layer of liquidation risk to BNB borrowers -- yield farmers and liquidity providers. This risk is introduced to protect the borrowers if a user's leveraged position becomes at risk of defaulting. Kalmar adopted a different system to Alpha Homora's manual system, which requires liquidators. The Kalmar system enforces the liquidation debt ratio automatically through smart contracts. This model's main risk is that a borrower's asset's price may drop too rapidly, resulting in only a partial portion of BNB being repaid. The team has noted that this is yet to happen, but it is still a plausible risk.
In turn, the smart contract acts as a middleman between the BNB lenders and the liquidity providers/yield farmers. The liquidation event ensures that BNB lenders are protected when the borrower is at risk of defaulting.
The team at Kalmar has a large focus on security. With the recent smart contract exploits, it is a good sign to see a protocol take extra precautions. The team is currently in testnet while they are working on audits. The testnet is open to all users, and there is a hefty bug bounty for anyone who finds critical exploits. Those who have Solidity experience and can identify a critical bug will be rewarded upwards of 10,000 USD. This bounty and audit service comes in partnership with Hacken and HackenProof. Hacken, a cyber-security consulting protocol, will be auditing the contracts. Alongside this, the partnership with HackenProof, a bug bounty, and vulnerability coordination platform, will ensure the bug bounty rewards.
This large bug bounty is offered as an incentive to further strive for the security of the protocol. Notably, the team is taking the proper precautions in testnet and in receiving audits before launching.
The Kalmar team is also striving to provide innovation in NFT gamification. Kalmar is first striving to make a community-based platform with a collection of different party games. This platform will be easy-to-play and a great entertainment source for users who simply invite their friends to multiplayer games in seconds. As Kalmar is a community-based platform, there will be no "pay-to-win" scenarios, and nearly all games will be free. Further, users will be able to earn real tangible rewards through random cosmetic items or characters. These rewards will be distributed on every Kalmar transaction. These rewards will be stored as Non-Fungible Tokens (NFT's), which can be bought, sold, traded, and collected.
Further, the team has plans on furthering Kalmar as an NFT ecosystem. This will be done through a NFT Technology Fundraiser, which currently has limited details.
Kalmar is striving to be at the forefront of innovation in the Binance Smart Chain DeFi space. Their leveraged yield farming services are currently in testnet and are underway security tests. The team does not plan to stop there, as liquidity aggregation and NFT Gamification is also on the roadmap. Kalmar has set out with a mission to improve the DeFi space by offering a user-friendly UI/UX to their DeFi bank. Currently, users must use three different Dapps if they wish to access leveraged yield farming, token swaps, and NFT-Fi. This is what Kalmar aims to solve efficiently. Instead of launching on the Ethereum network where users pay ~30x more in fees, the team opted for the economical option, the BSC.
In short, Kalmar is committed to the success of its ecosystem and is striving to be a top DeFi protocol. The team is yet to launch, so there is tons of development to go, but Kalmar will be a key protocol to watch if appropriately executed.
For those who wish to learn more about Kalmar check out the following resources:
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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MDEX is the decentralized exchange (DEX) platform built on Heco, the Huobi exchange blockchain. It is strategically positioned as the optimal choice for Eco-token transactions and the largest DeFi ecosystem with DEX, IMO, and DAO integration.
It is a decentralized exchange based on Automated Market Maker (AMM) technology on the HECO and Binance Smart Chain (BSC) with a tune of over $5 billion in total value locked. They aim to create cross-chain compatibility between leading chains to create a composite DEX ecosystem.
MDEX became the first project to integrate a dual mining mechanisms into its ecosystem. It utilizes a Liquidity and Transaction mining mechanism:
Liquidity Mining: Various liquidity pairs are available on its LP mining platform, including LP and single stakes. Currently, the platform holds one of the largest TVLs on the Heco chain. They offer a wide range of LP tokens available in the Heco ecosystem.
Its APYs are the largest on the Heco chain and quite competitive with other Dexes available in other chains. Users can start accessing the LP mining incentives and APYs by connecting to the pool.
Transaction Mining: MDEX is the first platform to integrate transaction mining which rewards users for transacting on the platform. By trading using the DEX, users get rewarded for all trade actions done on the DEX.
High APY revenue of transaction mining up till 26th Feb 2021 (source: mdex.com)
Decentralized Autonomous Organization (DAO): MDEX runs a DAO structure using its token MDX to achieve governance. MDX holders can propose to initiate a token listing by voting or collateralizing.
Initial Miner Offering (IMO): Similar to the Initial Coin Offering (ICO) on the Ethereum chain and the Initial Dex Offering (IDO) on BSC Dex chains, MDEX will standardize fundraising activities. Fundraising will be facilitated through its IMO platform. The token will help achieve a standard fundraising token based on the HT-IMO, the decentralized fundraising protocol on MDEX.
The platform is active with various incentives mechanism for its numerous LP pools, listings, and pairs. By interacting with its official Medium handle, can stay updated with the new pools, revised reward mechanisms, and new additions and information.
Four days ago, the platform passed its Certik audit, according to the team, “with flying colors.”
The project has a 93/100 score which shows a healthy indication of its codes and its platform features as safe for use.
MDX token distribution
The project is dubbed the “DeFi Golden Shovel” in Chinese cryptocurrency circles. The immediate roadmap plan is on achieving cross-chain interoperability with various chains.
The platform is looking prime to go multichain with the integration of top chains such as BSC and ETH to achieve a multi-chain era in DEX. According to its released Medium post:
“MDEX will gradually support ETH (layer 2 network), BSC, OKExChain, DOT, NEAR, and other public chains so that assets are inter-connected. In this way, we seek to build a pan-eco transaction protocol.”
On January 6, the project went online.
On January 19, liquidity mining & trading mining were open; the liquidity of the day reached US$275 million; and the transaction volume amounted to US$521 million.
On January 24 (18 days after its launch), the single-day transaction volume exceeded US$1 billion.
On February 1 (26 days after its launch), the liquidity exceeded US$ 1 billion.
On February 3, the Boardroom (Board of Directors) mechanism was launched, and the MDEX ecological fund, worth $15 million USD in MDEX was established.
On February 19, the single-day transaction volume exceeded US$2 billion.
On February 25th, MDEX ranked first in the CoinMarketCap global DEX rankings. It accounted for 53.48% of global DEX trading volume. The daily transaction volume reached a whopping $5 billion USD.
March 10 marked 51 days of MDEX being live. The cumulative transaction volume exceeded $100 billion USD.
On March 12, the total amount of repurchased and burnt MDX exceeded 10 million.
On March 16, MDEX Version 2.0 was released.
On March 18, the 24-hour transaction volume exceeded US$2.2 billion.TVL exceeded US$2.3 billion which builds a new record.
On March 19, in total 143 million MDX are distributed in the form of transaction mining subsidies + liquidity mining rewards, worth US$577 million.
The transaction fees over the first two months were over US$340 million. The platform's 7-day transaction fees rank 3rd, only after Bitcoin and Ethereum.
On Apr 8, Mdex launched on BSC, supporting single currency mining, liquidity mining, trading mining and asset cross-chain.
Within two hours of launch on Binance Smart Chain, the TVL of MDEX exceeded $1.5 billion. The total transaction volume exceeded $268 Million and the TVL on HECO and BSC is now over 5 billion.
The high transaction fees on the Ethereum saw a slice in ETH dominance. Many users in the DeFi sector have gravitated to other blockchain infrastructures like Huobi and Binance Smart Chain.
MDEX integration of other chains like ETH and BSC in the future will make it a multichain DEX service. It will offer unique features like transaction mining and an increase in TVL. Due to the user incentive mechanism of transaction mining and repurchase rewards, MDEX currently has relatively low transaction costs, and users benefit from transactions. Overall, MDEX presents low fees, incentives for transactions, low slippage, and ever-increasing LP pairs will make the platform attractive to users and maintain its dominance as the leading DEX in the ecosystem.
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
For those who wish to learn more about MDEX, check out the following resources and media pages:
Lola (AMA HOST): Can the team member of HOLDEFI say hi?
Cengiz: Hi everybody, Glad to be here. I'm from Holdefi project and ready to answer your questions.
Feel free to ask anything about Holdefi ☺️
Lola (AMA HOST): You're welcome Cengiz. Glad to have you with us today.
Hope you're good.
Cengiz:Thanks
Me too😉😊
Lola (AMA HOST): Good👍
Let's move on to the questions.
At the 2nd half, the Community would be dropping their questions and you can pick any 3 questions of your choice.
Shall we start now
Cengiz: OK lets start.
Q1. Can we get to know more about you and your team? What are your roles and past experiences?
Cengiz:We are a +30 person company based in Turkey and have more than four years of experience in the cryptocurrency and blockchain world. We had a lot of success in the local sector, and today we are looking to implement our first global project.
Lola (AMA HOST): Great. What a team! More than team. And How have been your experience with them?
What's your role?
Cengiz: I am content leader of this lovely team.
We have Blockchain Development team, Web development, Marketing, R&D, Content, Graphic Design and management.
Lola (AMA HOST): Ohh. Great.
Q2. A lot of Projects are either on BSC or ETH. Rare to see Multichain Projects. Why did you choose to be on both? Is there anything behind this great move?
Cengiz: We have developed Holdefi on ethereum blockchain from the start. But today it is not hidden to anyone that BSC growth was really amazing and has its own community and fans. So we have decided to launch Holdefi protocol and token also on BSC besides ethereum.
Lola (AMA HOST): That's really good
Q3. Holdefi is an Opensource non-custodial money market protocol that allows users to be depositors or borrower. How can users participate?
Cengiz: Depositors provide liquidity to the market to earn a passive income, and everyone can borrow from this liquidity and repay it after a while. The Borrower must add collateral before borrowing any tokens. The value of the collateral should be greater than the value of the assets they want to borrow. This collateral is, in fact, a guarantee that they will repay the borrowed assets.
Lola(AMA HOST): Okay. Aside from the Collateral, will there be any interest?
Cengiz: No.
Collatoral is only a guarantee for repaying the borrowed assets.
Lola (AMA HOST): Okay. Thanks 😊
Q4. What offer do you have for HLD token holders?
Cengiz: HLD has many use cases include but are not limited to: Protocol governance, Burning, Liquidity mining, staking, Revenue sharing.
I will also share some links at last for reading more about the details.
Lola (AMA HOST): Okay. That would be nice.
Q5. Is there any requirements to join in the HLD IDO? And what should participants expect?
Cengiz: Our IDO has been finished. Now HLD is being traded on PancakeSwap and UniSwap. HLD also being added to centralized exchanges in the near future.
Lola (AMA HOST): All right. Thanks for the Update.
Q6. Can you also tell the Community about the revenue sharing and Liquidity mining?
Cengiz: Liquidity mining in summary means when people provide liquidity to Holdefi protocol they can earn/mine HLD token.
Revenue sharing also means Holdefi protocol revenue from the fees will be shared with the token holders.
Q7. What's the Future plans of this HOLDEFI?
Cengiz: Staking, competitions, Holdefi-V2, and many many plans are coming. We have a whole long-term plan that I do not want to spoil now😉, but our path is very long and certainly, those who joined us from the beginning could be very lucky.
Lola (AMA HOST): Wow! That's quite impressive. Then we are ready to journey with you to the Future. ☺️
Q8. Can you explain to the community about HLD pools?
Cengiz: If you mean HLD pools on UniSwap and PancakeSwap, Liquidity provided tokens by the team are going to be locked for years.
Lola (AMA HOST): Can you give exact period? Like for how many years?
Cengiz: We did not make final decision yet but I think at least 4 years. Maybe we will do that with the third party like TrustSwap. We will announce to the community when we made it.
Q9. Can you tell the Community what makes your Project different from others?
Cengiz: I can mention some of them here.
At Holdefi we have a feature called Promotion that we can do it on different markets which is Increase interest rates.
This feature helps us to increase the liquidity of our pools quickly and grow fast.
or on the otherside, we can decrease the borrow rate for borrowers to attract them to the platform
We seperate the market and collateral pools so that users can withdraw their money at any time. it is what other platforms do not have right now!
This pic also can describe promotion feature better.
Again community can find more details in our documents. I will share the links in the end of our conversation.
Lola (AMA HOST): All right.
Q10. Do share with us all the links that the readers can find out more and also follow the development of the project.
Cengiz: Holdefi website:
Lola (AMA HOST): Thanks Cengiz.
Can we also have the roadmap or is there a lite paper link we can check through too?
Cengiz:Yes you can find our whitepaper and other details at https://docs.holdefi.com/
Lola (AMA HOST): Okay. That's great.
Q11. Lastly, our favourite question in BSC News, do you have any alpha or juicy news that you can share with us today?
Cengiz:
We are in the last phases of Holdefi codes audit and tests, So Holdefi mainnet will be launched at the end of April early May.😊
Lola (AMA HOST): Great. Can't wait for it!
Cengiz: 🙈
Lola (AMA HOST): Thanks for this wonderful AMA, short and Precised. 😊
Cengiz: Thank you for inviting me here for this AMA.
Kalmar is committed to the success of its ecosystem and is striving to be a top DeFi protocol. Their leveraged yield farming services are currently in testnet and are underway security tests.
The Kalmar team has been eyeing the Ethereum network since the launch of prominent Daoos began occurring. The use of smart contracts has allowed developers to introduce novel solution to the crypto space such as automated market makers, lending, and recently, leveraged yield farming. Currently DeFi is one of cryptos fastest growing sectors with over 40B USD locked in DeFi platforms. While the DeFi sector is flourishing, the Kalmar team has identified some weaknesses. These consist of high transaction costs, complicated UI/UX's, and many Dapps that all vary in design. The Kalmar team has focused on creating a user-friendly DeFi bank to combat these issues, offering numerous DeFi services from one Dapp. Further, the team has chosen the Binance Smart Chain to reap the rewards of quick block times and minimal transaction fees.
As DeFi protocols continue to innovate, Kalmar aims to be at the forefront. Kalmar's bank Dapp will provide users with easy access to lending, derivatives, payments, and liquidity provision. This Dapp aims to bundle all prevalent services into one, catering to the user. This is crucial as currently, users would have to interact with multiple Dapps to access all of these features. The team doesn't stop there, as their end vision is to "provide its users with an opportunity to constantly benefit from various industries… in a single user-friendly platform." In short, Kalmar is striving to create mass and straightforward adoption through consolidating DeFi services into one single protocol. The team is confident in their goals and believe the BSC is a great place to start with its rapid user growth alongside the low transaction fees.
The team has noticed that there are already a large number of DEX AMM's on the BSC. Instead of battling with already established protocols such as PancakeSwap and SushiSwap, Kalmar aggregates their liquidity. Through utilizing a yield aggregation engine, the team provides its users with token swaps using multiple liquidity routes. This allows users to minimize their transaction costs by reducing slippage and selecting the cheapest exchanges.
The following flow map outlines the two simplified functions of the Kalmar yield aggregation engine:
Reading the prices and liquidity available on multiple decentralized exchanges
Picking the best price for user's deal, taking in consideration the amount they want to swap
Leveraged yield farming is a fairly new product popularized by Alpha Homora, a derivative and yield farming protocol on Ethereum. Kalmar has also innovated on this front, offering users this service on the BSC. In this model, there are three roles: BNB lenders, Yield Farmers, and Liquidity Providers.
These users provide BNB to the bank. When lending BNB tokens to the "bank" the smart contract returns a proportional amount of iBNB tokens. These tokens are interest-bearing assets that act as a receipt for the initial BNB deposited. The interest-bearing mechanism acts as a liquidity incentive, rewarding users who provide the needed BNB liquidity. This creates a yield farming model for those who lend BNB.
Using the BNB from the lenders, the Kalmar smart contract is able to provide users with up to 2.5X of the APY. For users to borrow this BNB, they simply supply their yield farming pair, which is used as collateral. On top of utilizing the lent BNB, Kalmar also incorporates basic yield optimization strategies. The smart contract reinvests the liquidity rewards and trading fees collected for more of the respective LP tokens. This allows for complete automation of yield farming while simultaneously introducing compound interest. The Kalmar team provides the following example:
User X has 100 BNB and wants to farm CAKE by using PancakeSwap's CAKE/BNB Farm.
Normally, User X would split his 100 BNB in 50 BNB worth of CAKE and 50 BNB and provide liquidity and farm CAKE with the 200% APR PancakeSwap provides.
User X wants to get higher rewards, so he uses Kalmar's Yield Farming platform to borrow another 150 BNB from the bank. He uses leverage to yield farm PancakeSwap's CAKE/BNB Farm with a total of 250 BNB, which gives him 500% APR, more than double of what he'd receive if he farmed with only 100 BNB.
It is good to keep in mind that User X also has to pay the borrowing interested on the borrowed amount and make sure his position value doesn't drop below the minimum threshold, in which case his position will be liquidated.
Liquidity provider's play a very similar role to that of yield farmers. The key difference is that liquidity providers utilize liquidity pools with no additional yield incentives. Unlike the yield farmers, who earn both liquidity rewards and swap fees, liquidity providers only earn swap fees. This is due to no specific "farm" being offered to the respective liquidity pair. Other than that, the mechanisms of leverage remain the same, allowing users to increase their LP fee earnings.
*Currently, this feature is not live on the testnet*
The Kalmar team does an elegant example of explaining the process of leveraged yield farming. Once a user supplies the respective token pair, the following process will be executed:
Leveraged yield farming adds a layer of liquidation risk to BNB borrowers -- yield farmers and liquidity providers. This risk is introduced to protect the borrowers if a user's leveraged position becomes at risk of defaulting. Kalmar adopted a different system to Alpha Homora's manual system, which requires liquidators. The Kalmar system enforces the liquidation debt ratio automatically through smart contracts. This model's main risk is that a borrower's asset's price may drop too rapidly, resulting in only a partial portion of BNB being repaid. The team has noted that this is yet to happen, but it is still a plausible risk.
In turn, the smart contract acts as a middleman between the BNB lenders and the liquidity providers/yield farmers. The liquidation event ensures that BNB lenders are protected when the borrower is at risk of defaulting.
The team at Kalmar has a large focus on security. With the recent smart contract exploits, it is a good sign to see a protocol take extra precautions. The team is currently in testnet while they are working on audits. The testnet is open to all users, and there is a hefty bug bounty for anyone who finds critical exploits. Those who have Solidity experience and can identify a critical bug will be rewarded upwards of 10,000 USD. This bounty and audit service comes in partnership with Hacken and HackenProof. Hacken, a cyber-security consulting protocol, will be auditing the contracts. Alongside this, the partnership with HackenProof, a bug bounty, and vulnerability coordination platform, will ensure the bug bounty rewards.
This large bug bounty is offered as an incentive to further strive for the security of the protocol. Notably, the team is taking the proper precautions in testnet and in receiving audits before launching.
The Kalmar team is also striving to provide innovation in NFT gamification. Kalmar is first striving to make a community-based platform with a collection of different party games. This platform will be easy-to-play and a great entertainment source for users who simply invite their friends to multiplayer games in seconds. As Kalmar is a community-based platform, there will be no "pay-to-win" scenarios, and nearly all games will be free. Further, users will be able to earn real tangible rewards through random cosmetic items or characters. These rewards will be distributed on every Kalmar transaction. These rewards will be stored as Non-Fungible Tokens (NFT's), which can be bought, sold, traded, and collected.
Further, the team has plans on furthering Kalmar as an NFT ecosystem. This will be done through a NFT Technology Fundraiser, which currently has limited details.
Kalmar is striving to be at the forefront of innovation in the Binance Smart Chain DeFi space. Their leveraged yield farming services are currently in testnet and are underway security tests. The team does not plan to stop there, as liquidity aggregation and NFT Gamification is also on the roadmap. Kalmar has set out with a mission to improve the DeFi space by offering a user-friendly UI/UX to their DeFi bank. Currently, users must use three different Dapps if they wish to access leveraged yield farming, token swaps, and NFT-Fi. This is what Kalmar aims to solve efficiently. Instead of launching on the Ethereum network where users pay ~30x more in fees, the team opted for the economical option, the BSC.
In short, Kalmar is committed to the success of its ecosystem and is striving to be a top DeFi protocol. The team is yet to launch, so there is tons of development to go, but Kalmar will be a key protocol to watch if appropriately executed.
For those who wish to learn more about Kalmar check out the following resources:
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
