Kinetex integrates with Connext for a unified DeFi ecosystem
On December 5, 2023, Kinetex Network revealed its integration with Connext, a secure modular interoperability protocol facilitating the transfer of data and funds between chains.
As a peer-to-peer platform, Kinetex connects users and professionals, utilizing its capability to bridge liquidity between decentralized finance (DeFi) and centralized finance (CeFi) ecosystems.
In the expanding cryptocurrency landscape, navigating new technologies and selecting from many services can be challenging, and the Kinetex team is dedicated to enhancing user-friendliness in crypto by developing streamlined and efficient cross-chain solutions.
Liquidity aggregation, a feature that simplifies trading by consolidating liquidity from numerous protocols, now includes Connext. This mode allows users to transfer their crypto assets between networks effortlessly, securing advantageous prices through a streamlined user experience, as per the latest information shared with Finbold.
Goals of Kinetex and Connext
Kinetex Co-Founder Director Tigran Bolshoi, stated:
“Integrating Connext is a significant step towards creating a unified DeFi ecosystem, which helps to balance power between big crypto companies and users while enhancing provided solutions.”
He added:
“Connext’s focus on prioritizing the security of cross-chain transactions aligns with the values of Kinetex’s team, making it a perfect match. By including liquidity provided by Connext, Kinetex can expand the liquidity coverage of the Kineetx dApp without compromising its security or simplicity of use.”
Connext is intensifying efforts to reduce user reliance on third parties through rigorous architecture audits. Regular communication with the security community ensures the project stays updated on the latest field advancements.
Anticipating the future, the Kinetex team looks forward to contributing to advancing technologies and solutions that will drive positive transformations in DeFi.