Konomi / KONO
Konomi is a full suite asset management solution for cross-chain crypto assets. Using Substrate as the development framework, the network aims to support more assets in the Polkadot ecosystem.
Users could manage their crypto holding positions, trade assets and earn interest through decentralized money market products. Konomi also issues its native network token in order
to kickstart liquidity and decentralized governance.
Konomi aims to provide a one-stop solution for users to manage their assets in crypto. Built on Substrate, Konomi believes that the DeFi 2.0 is going to be not only limited to Ethereum but to migrate to a more vibrant and diverse cross-chain ecosystem.
To start with offering financial applications for assets in the Polkadot ecosystem, Konomi fulfils user demand in liquidity, money markets, more advanced trading products and also investing in new projects via DOT staking.
KONOMI Borrow and Lend
A decentralized money market protocol for users to borrow and lend assets. The protocol is pool-based and it would support assets on parachains. Users can deposit assets to the lending pool and earn interest based on the demand side of the platform.
Similarly, the protocol also supports over-collateralized debt positions for users that want to borrow assets. Price data will be ultimately acquired through using off-chain workers to ensure that the lending pool is always secure from liquidation risks.
KONOMI Cross-chain Liquidity
Smart contract based liquidity protocols starting with automated market makers. Users can connect decentralized wallets to the protocol and trade with immediate on-chain execution. Since the platform is decentralized, users could trade long-tail assets without any restrictions.
KONOMI Asset Management
Konomi is an open platform for deploying smart contracts on the Polkadot ecosystem. We aim to create a one-stop experience for users to manage their assets in the DOT ecosystem including trading, lending, derivatives and so on.
The design and implementation of the protocol are be determined by token holders. For parameters like pool staking fees, transaction fee burn, liquidity mining ratio, are initially set by the protocol itself; token holders could update the numbers and the smart contract itself based on the voting process.
A large proportion of the Konomi tokens are reserved to encourage users to add liquidity to the platform and to use the products. By depositing assets to the protocol, users could automatically market make for the protocol.
Konomi token could be staked to participate in the base layer consensus and earn system rewards. It is also the staking currency to share platform revenue and ensure that the debt positions are safe.
Konomi Ethereum contract :
Konomi contact information
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The content on this site is for informational purposes only and is not intended as a substitute for professional financial advice. As always, DYOR/Do Your Own Research.
------------------------------------- Note that: 1) A listing needs at least 1000 votes within 10 days to avoid being demoted to the Waiting Room. 2) If a listing reaches 2000 votes within 10 days, it will be tagged as a “Strong Community”. 2000 votes also qualifies the project to become one of our partners. You get 12 months of promotion at the cost of only 1 month! Please get your awesome community to vote. Thanks. 🚀🚀🚀 ------------------------------------- Hello readers, this post was created with our nice and easy submission form. Create your post!