Kira Network Announces Math Foundation Strategic Investment and Partnership
KIRA Network, a decentralized liquid staking blockchain protocol, announces a strategic partnership between MathWallet and KIRA Network which will enable MathWallet users to hold and stake KEX tokens as well as other assets to earn revenue utilizing KIRA Network and it’s Multi-Bonded Proof of Stake consensus.
Current DeFi trends have shown an uptick in popularity for Proof-of-Stake protocols, creating an unprecedented demand in staking digital assets and earning interest. At the same time, decentralization of cryptocurrency trading requires a trustless environment and sufficient liquidity. KIRA solves these challenges by introducing a concept of liquid staking to power DeFi applications and induce liquidity to the market.
“Once deployed up to the full spec, KIRA Network will be providing access to the market for any asset within the Interchain / Web3 ecosystem in a fully permissionless manner. Users will be able to use the Interchain Exchange module to execute operations in a P2P manner, communicating directly with the network to stake assets and earn block and fee rewards. We are excited to partner with the Kira team on this endeavor,” said Frank Fu, CEO of Math Global.
“Multi-asset staking and transfers on Kira Network occur trustlessly thanks to interchain protocols that we are integrating with, such as Cosmos IBC and Polkadot XCMP, both of which are already part of the MathWallet portfolio. Kira will provide trustless and permissionless market access for all tokens and their derivatives in the entire interchain ecosystem, opening new opportunities for MathWallet customers,” said Mateusz Grzelak, CTO at Kira Core.
Follow Kira Network @kirainterex on Telegram for details and forthcoming announcements.
Kira Network is building the first decentralized solution using Tendermint and Cosmos SDK to secure and power DeFi applications with liquid staking — Kira Network. Thanks to its novel consensus — Multi-Bonded Proof of Stake (MBPoS), Kira aims to enable users to generate revenues from staking any cryptocurrencies, stablecoins, digital fiat, or even NFT’s while maintaining full liquidity via natively supported staking derivatives.
Kira’s Interchain Exchange Protocol (IXP) is going to be the very first DeFi application propelled by the liquidity of assets at stake. Thanks to IXP users will be able to stake and trade their assets at the same time.
MathWallet is a multi-platform (mobile/desktop/extension/hardware) universal crypto wallet that enables storage of all BTC, ETH/ERC20, NEO/NEP5, EOS, TRON, ONT/ONG, ENU/Telos/EOSC/BOS, BinanceChain, Cosmos, VeChain, and Polkadot tokens. MathWallet also features cross-chain token exchanges, a multi-chain DApp store and operates nodes for PoS chain. Its investors include Fenbushi and FundamentalLabs.