Coinversation Partners With Astar Network On Cross-Chain DEX Deployment
We’re thrilled to announce that Coinversation will deploy the EVM DEX — — Kaco Finance on Shiden Network. Kaco will be the First DEX providing liquidity mining in Astar Ecosystem, and the first Dapp participates in the Dappstaking on Shiden.
Through this partnership, Coinversation will work closely with the Astar team to deploy the EVM version DEX — — Kaco Finance based on Astar’s Shiden Network and build the first liquidity mining program on Shiden.
In the first stage, the team will deploy Kaco on Shiden and open the liquidity pool for Shiden users. In the second stage, Kaco will work with Astar to build a cross-chain bridge from bsc to kusama network to open up assets on Kusama and BSC. Since its launch, Kaco has absorbed 6 million U.S. dollars of Polkadot ecological asset applications. It is worth mentioning that Kaco is also the first Dapp that users can transmit and use in the Polkadot system.
About Coinversation Protocol
Coinversation Protocol is a synthetic-asset issuance protocol and decentralized contract trading exchange based on the Polkadot parachain. It uses CTOs, the issued by Coinversation Protocol, and DOTs as collateral, to synthesize any cryptocurrencies, stocks, bonds, gold or other off-chain assets through smart contracts and oracles. Users can forge a certain synthetic asset by collateralizing CTOs or DOTs, such as U.S. dollars, and automatically have a long position in the asset. Users can also convert minted assets into other assets through the trading platform, so as to realize the purpose of shorting the asset and longing other assets.
Kaco Finance is the evm version of DEX issued by Polkadot decentralized exchange and synthetic asset protocol Coinversation. Kaco Finance is a cross-chain decentralized trading platform based on Binance Smart Chain and Kusama parachain. Kaco Finance initially aims to provide liquidity AMM and yield farm for the Polkadot ecological project and is committed to realizing the asset bridging function between Kusama and BSC.
About Astar Network
Astar Network is a scalable, interoperable, multi-virtual machine smart contract platform on Polkadot, supporting cutting-edge layer 2 solutions such as Rollups. With the support of both Ethereum Solidity and WebAssembly, existing smart contracts can be deployed directly to the Astar ecosystem without any changes at the same time. Besides the Polkadot ecosystem, we will connect Astar to other blockchain ecosystems including Ethereum and Cosmos through our multi-chain bridges. We are aiming to build the best smart contract platform and become the dApp hub in the Polkadot ecosystem.