👋Introduction

Welcome to Kinetic, the premier lending protocol on the Flare Network that aims to transform the landscape of decentralized finance (DeFi) by leveraging innovative advancements in the FTSO (Flare Time Series Oracle) and FAssets.

Kinetic facilitates the lending and borrowing of digital assets like BTC, DOGE, and XRP in a secure and efficient manner. By utilizing Flare's FTSO and FAssets, Kinetic enables users to leverage the value of their non-native assets within a decentralized framework. The FTSO ensures accurate and decentralized price feeds, while FAssets broaden the scope of assets available for lending and borrowing on the Flare Network.

In collaboration with Rome Blockchain Labs, Kinetic is committed to providing a secure and reliable platform. Rome Blockchain Labs provides the technical infrastructure necessary for Kinetics' seamless 24/7 operation, ensuring a user-focused and secure platform. Kinetics' collaboration with Rome Blockchain Labs highlights its dedication to advancing the DeFi landscape on the Flare Network, emphasizing a commitment to security, reliability, and innovation.

Through Kinetic, users can engage in permissionless lending and borrowing of digital assets on the Flare Network. Experience a secure and flexible financial ecosystem, earn yield by lending assets, gain leverage by borrowing, all without relying on a third party. With instant deposits and withdrawals, Kinetic offers a low-friction source of liquidity for users and dApps.

Interest rates on Kinetic are determined by supply and demand, providing transparent insights into market lending rates. Early adopters have the opportunity to increase their yields by depositing into Kinetics' Genesis Pools during a limited timeframe.

For Kinetic, the lending process requires borrowers to overcollateralize their loans, meaning the amount available for borrowing is based on the current market value of the collateral. Borrowers can use their Health Factor, regularly updated, to evaluate their borrowing risk.

Launching in 2024, Kinetic will offer markets for assets such as USDX and SFLR, with future additions including Stargate bridged assets and other relevant tokens within the Flare ecosystem. Kinetic will also be the first to include lending for assets that are traditionally non-smart contract tokens made possible by FAssets.

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