The cryptocurrency and DeFi industries are known for their ongoing volatility. Sharp price drops and rises create money-making opportunities. Qilin goes one step further by providing active exposure to price swings of any asset.
Increasing volatility as a tool
Most cryptocurrencies are known only for their volatility. While this creates many money-making opportunities, it scares some people on the fence about investing. While the volatile aspect of crypto assets can be intimidating, it is also a tool to be used by those brave enough to explore the options on the table. Using volatility to one’s advantage can prove beneficial, as this industry is the only industry capable of providing such benefits.
As the decentralized finance industry grows, the appeal and accessibility of unique opportunities becomes important because qilin Intends to create new opportunities through market volatility. More specifically, it is a decentralized volatility protocol that allows the volatility of any asset to be prolonged over time. Exploring long or short volatility in the cryptocurrency industry is an unusual choice, but it can prove useful.
The key to all DeFi solutions is how well they can handle critical blockchain scaling issues. Qilin is confident that it has 99.99% fee reduction and 50 times capital efficiency compared to competitors. To live up to bold statements, as users will check out projects that offer such sublime features. The latter, with the launch of the mainnet on Ethereum and the migration to layer-two solutions in the second quarter of 2021, have some milestones to look forward to.
As a decentralized volatility protocol, Killin aims to reduce the risk of liquidity providers through rebase shares. Additionally, its elastic liquidity supply limit can help increase capital utilization, which is a very important aspect when dealing with market volatility and leveraged positions. Team approach, powered by a comprehensive liquidation engine derivatives is unique and can highly appeal to the right kind of users.
Qilin. a successful early stage for
A project at the scale of Qilin presents a lot of opportunities but will also require careful development. Funding That Growth Won’t Be Easy, Still the Team Has raised $800,000 through its initial funding round. Contributions came from Fundamental Labs, Multicoin Capital, Yuanzhou Ventures and others. All investors see merit in this unusual approach to derivatives and how it could affect the DeFi industry.
With the help of this funding round, the Killin team. can explore possibilities regarding the use of instability as a trading instrument. Team considers volatility more important altcoin Liquidity, which is where its basic mechanism comes into play. This mechanism provides decentralized on-chain risk control and dynamic liquidity. Both aspects will pave the way for permission-free on-chain contracts for altcoins.
Until now, people sought exposure to volatility by using derivatives in the traditional sense. Long or short periods in particular markets – with or without leverage – can yield significant results. However, this also requires the use of centralized platforms and service providers, which is not ideal for exposure to decentralized assets and their market performance. Decentralization of the derivatives market is a huge undertaking.
By completing an initial investment round for $800,000, it appears there is a degree of institutional interest to bring this project to the table. The introduction of a decentralized volatility protocol could pave the way for widespread cryptocurrency adoption by mainstream consumers. It will also bring much needed competition to centralized derivatives service providers, as derivatives are an attractive option for anyone who wants to get exposure to volatile crypto assets.