Hi everyone, this is my first article here. And I will immediately try to do something really useful for you. Today's talk is about a project from the DeFi ecosystem .

I think now many DeFi projects can be divided into two categories:

• Projects that have unique finished products that can be used by ordinary people.
• Projects that copy other people's ideas, modify them, and try to sell them more expensive.

I'm not going to give an assessment, but damn it, I will always be attracted only to unique and fresh ideas that can really give something new not only to the DeFi sector, but also to the entire crypto market.

Among the piles of outright garbage, I found a very interesting and high-quality project that has its own unique idea and, most importantly, the implementation of this idea.

This is about Kira Network. Let's figure it out.

Kira Network

Kira network is a new decentralized network which enables any asset ( any cryptocurrency, digital fian, stable cois and even NFTs) within interchain ecosystem to benefit from the access to the market without loosing out on the staking rewards. In reality, it looks like a very high-level yield farming, where all your assets are as efficient as possible.

Kira is first to introduce concept of staking any asset to secure the network and power DeFi applications deployed on top. They are part of interchain ecosystem and core of their business mode is to have in that ecosystem as many projects and tokens as possible, for that reason they do not have many competitors and they encourage other projects to reuse their consensus mechanism to deploy their applications on top.

A revolutionary solution of Kira network has become a Multi-Bonded Proof of Stake consensus. This solution allows users to earn revenue from staking any digital asset type such as cryptocurrencies, digital fiat, and even NFT’s. The security of the network increases with every new token trustlessly deposited and staked.

The token project - Kex

KEX is the core of KIRA Network economy. Staking KEX is the most efficient way of earning block and fee rewards. 

With Kira when you stake your assets you maintain your full 100% of your liquidity, Kira doesnt limit the potential of your capital, like other Defi platforms or PoS networks. In case of huge volatility you no longer have to unbond your tokens, you simply trade one type of staked assets for another and continue your yield farming. Security and liquidity of protocol growth with the the more assets at stake. 

They gave governance of the network ability to control every aspect of the network economy whether that is inflation rate or interest rates for staking other coins. Governance has thus all the tools necessary to attract users from outside of Kira to bring their assets in and increase the network activity -> which results in increasing value of fee and block rewards. Because KEX is most efficient way of claiming those rewards the economic inflow of assets in the network and value of KEX will be correlated. Its up to the network to optimize this process and make as much returns as possible.

The huge advantage of the project is that the team is trying to create a self-sufficient and self-developing network, fully managed and controlled by the community, and not by a small circle of rich people.

Let's take a look at the network management mechanisms to make sure.

Governance of Kira Network

Governance of network controls all economic aspects of its operations and it are incentivizing network operators through fee rewards and not just block rewards. Meaning that network operators can sustain their operations regardless of the market value of native token or any other assets. So Kira are not vulnerable to market downturns and death spiral. 

Kira does not use oracles and does not plan to use them, team think that oracles are the most vulnerable aspect of DeFi as real value of assets is not the same thing as manipulated market value.

The team creates an extremely flexible management system capable of independently developing itself and the network. Regarding the regulatory framework, the project will allow validators to decide if they want to participate in the execution of any specific part of the blockchain application logic. In this way, everyone can comply with the law in their jurisdiction.

In conclusion, I would like to say that lately the world has seen a huge number of projects with the letters DeFi. However, most of them are not. Unlike them, Kira Network is a DeFi project without any doubts.

The team has big plans, so be sure to subscribe to the official project channels: 

Website: www.interchain.exchange
Telegram group: https://t.me/kirainterex
Announcements channel: https://t.me/KiraAnnouncements
Twitter: https://twitter.com/kira_core
Medium: https://medium.com/kira-core
Github: https://github.com/kiracore