TL;DR
Optimization has been a running trend in decentralized finance for a while now. Just look at the success of Lido DAO to recognize how much we value maintaining our leverage. With new tools deployed constantly to allow better yield opportunities, building sustainable yield with Kujira Network is the topic of today’s discussion. Kujira received an overhaul last year to optimize its capabilities and market viability, causing a price breakout to the tune of 700% in less than 90 days, leading more people on a quest to discover Kujira. Curious to see if Kujira has room to grow, it’s time to take a look at the project and find out what it has to offer.
Designed as a decentralized ecosystem and payment infrastructure for FinTech builders and future Web3 users, Kujira is developing cost-effective tools for all levels of expertise.
Initially launched into the Terra Luna Ecosystem, Kujira quickly developed into a fully sovereign Layer 1 network on a mission to generate income no matter the market conditions. Its largest contribution to the space was the launch of a fair-matching DEX called FIN. When Terra imploded, Kujira moved FIN and its other assets to the Cosmos Ecosystem.
What is Kujira Network?
When Kujira says the network is built for everyone, it means it. In a relatively short amount of time using Kujira, most will find that fairness is a big part of its design. That’s because the concept of Kujira was born in the ashes that Terra Luna’s fallout left behind. Seeing that the biggest party to benefit from this financial suffering was a bot army, deployed by an elite group of scumbags, the Team at Kujira created and deployed the first decentralized liquidations platform.
Transparency being the main objective for this design, the concept completely levels the playing field on Kujira. Preventing anyone from paying higher prices for faster or better liquidation options. This removes the stranglehold whales have on decentralized protocols by neutering their biggest strength, money.
With over 900% gains in 2023, Kujira has been its busiest over these last few months, obtaining more revenue for the protocol than any previous timeframe. This triggered even more people to buy and stake tokens on Kujira to earn 25% APR, causing a cascade that’s resulted in more than half of all KUJI tokens being delegated to over 75 validators. Further securing the network’s liquidity pool.
What’s on Kujira?
Since Kujira has been in operation since 2021, it has built a robust ecosystem of protocols and partners to help the network explore its true potential.
- Orca – ORCA is the world’s first public marketplace for bidding on liquidated collateral. Giving all traders equal opportunity to acquire collateral at a 30% discount. This makes ORCA one of the easiest ways to accumulate cheap cryptocurrency.
- FIN – As mentioned earlier, FIN is a decentralized order book that allows the trading of assets on multiple blockchains. With no reliance on bots to execute trades, and no need for additional fees to incentivize them. FIN’s design eliminates the concern of impermanent loss.
- BOW – BOW is designed to accompany FIN by ensuring optimal trading conditions at all times. BOW accomplishes this through an internal algorithm that automatically places orders on FIN pairs.
- GHOST -…
Jesse is a passionate seeker of truth who enjoys educating others about Bitcoin.
As a free thinker and 2nd amendment advocate, Jesse believes each individual has the right to monetary freedom.
“The swarm is headed towards us” -Satoshi Nakamoto
