
Liquid Staking is the main basement Kira Network is staying on. The main idea here is that while users are staking their funds while securing the blockchains, they are unable to use that funds in DeFi, ICOs, and so on. Basically they are punished for their funds being locked by being unable to access the market moves. And Kira Network would like to change this. The main technologies used to interrupt the current traditional way of staking are KIRA DEX (Interchain Protocol), and brand-new consensus MBPoS.
Multi-Bonded Proof of Stake (MBPoS) - new consensus mechanism build by Kira Network team. By its design, protocol does not rely on the majority of nodes being honest. Nomination of the validators is permissioned by the governance, in order to become validator, the candidate should suit the rules proposed by the network.
Another cool feature of the MBPoS is that each validator has the same chances to being selected as a block-producer. Also, Kira Network doesn't slash its validators.
Kira Interchain Exchange Protocol (IXP) represents the sharded Decentralized Exchange which allows the stackers to maintain the ownership of their assets and at the same time to access the market with their tokens.
DEX is scalable enough to handle a great volume of transactions.
To get the specific token listed on the IXP, there should be some amount of tokens locked. The required amounts are determined by the governance.
Initial Validator Offering (IVO) is a proposed crowdfunding mechanism by Kira Network where users (investors) are using their existing tokens staked on the platform to participate in sales of the desired tokens. In other words, users are able to use their staked tokens as the funding capital for the future investments. By doing this, users maintain 100% ownership on their staked funds.
Kira Network will be supporting Cosmos blockchain in Q2 2021, according to the roadmap. However, by the end of 2021, users will be able to stake tokens via Kira Network on Ethereum (Q3 2021), and Polkadot (Q4 2021)