KEY TAKEAWAYS
- Kima Network plans to integrate with Demether to enhance cross-chain payment infrastructure for DeFi yield products.
- Demether’s platform focuses on maximizing passive yield with products like the LRT token and $demETH, aiming to increase TVL and user rewards.
- The integration aims to overcome liquidity fragmentation, providing consistent liquidity across partner blockchains.
- Kima Network’s decentralized settlement protocol supports multi-ecosystem payments, enhancing security and accessibility for DeFi and traditional users.
Kima Network has announced a potential integration with Demether, a platform focused on maximizing passive yield in the decentralized finance (DeFi) space. This collaboration aims to leverage Kima’s cross-chain payment infrastructure to support Demether’s innovative yield products.
Demether is known for its cross-chain passive yield maximization platform, with its first product, the LRT token, already live on Morph. The platform is developing a suite of yield-bearing tokens that can be bridged to partner blockchains. This strategy is designed to boost total value locked (TVL) while rewarding users with elevated yields for their loyalty to the ecosystem.
The first product in Demether’s lineup, $demETH, is a liquid restaking token projected to offer attractive double-digit rewards. This marks a significant start for Demether as it continues to expand its offerings.
Enhancing Cross-Chain Liquidity and Yield
The potential integration with Kima Network could provide Demether’s yield products with a seamless cross-chain payment infrastructure. This would enable crypto payments in stablecoins from all chains, including Ethereum Virtual Machine (EVM), non-EVM, and Bitcoin (BTC).
By overcoming liquidity fragmentation, this integration could allow Demether’s partner blockchains to access consistent liquidity sources across the ecosystem. Kima’s infrastructure, combined with Demether’s yield solutions, aims to maximize TVL and incentivize long-term ecosystem engagement.
Kima Network’s Role in the Integration
Kima Network is an asset-agnostic, blockchain-based decentralized settlement protocol designed to address fragmentation in the crypto and broader financial space. It introduces a new financial primitive known as the Smart Transaction, along with an easy-to-use software development kit (SDK) for Web3 and Web 2.0 applications.
With a settlement layer that supports multi-ecosystem payments, peer-to-peer commerce, centralized finance (CeFi) and DeFi services, cross-chain decentralized exchange (DEX) swaps, and omnichannel wallets, Kima provides a seamless way to connect fiat and crypto. This integration emphasizes security and accessibility, potentially opening new avenues for both DeFi and traditional users.
The collaboration between Kima Network and Demether, as announced here, could bring a powerful cross-chain yield experience to users across multiple blockchains.
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