Kalmar (cryptocurrency)
 | |
| Initial release | April 2021 |
|---|---|
| Repository | github |
| Written in | Solidity |
| Engine | |
| Platform | BNB Chain |
| Type | Decentralized finance |
| Website | kalmy |
Search Kalmar (cryptocurrency) on Amazon.
Kalmar is a cryptocurrency lending platform which uses a decentralized network protocol. Kalmar is also the name of the company that initially built the Kalmar protocol. The protocol facilitates automated lending and borrowing of cryptocurrency tokens on the BNB blockchain through the use of smart contracts for the purpose of providing leverage while depositing liquidity on cryptocurrency exchanges.
History
After Kalmar's lending and fundraising products were deployed in April 2021[1][2], the company raised $2.5 million through an ICO that took place on PancakeSwap[3], a cryptocurrency exchange on the BNB blockchain, as well as another $400,000 USD through a fundraising event on the Kalmar platform. Version 2 was announced in June 2021,[4] and Version 3 was announced in September 2021, introducing a new interface for the platform. [5]
Overview
Kalmar is a decentralized finance protocol that is used to lend and borrow cryptocurrencies and tokens; it is provided on blockchain networks that run open-source software. This is in contrast to lending products that are run by centralized companies.
Protocol
In contrast to other decentralized lending platforms, Kalmar allows individuals and bots—termed "leveraged yield farmers"—to open undercollateralized positions to provide liquidity to decentralized exchanges by adding a pair of tokens to a smart contract which can be bought and sold by other users. In return, liquidity providers are given a percentage of the trading fees earned for that trading pair. Kalmar believes simplicity and gamification are the way to attract mass adoption to cryptocurrency and blockchain technology.[6][7] As an open-source software, Kalmar's code can also be forked to create new lending platforms.
References
- ↑ "Progress & Updates - Tokenomics, launch, airdrop, and more". Kalmar Blog. 2021-05-24. Retrieved 2022-04-12.
- ↑ "Decentralized bank unveils new, cutting-edge use case for NFTs". Cointelegraph. Retrieved 2022-04-12.
- ↑ Andjela Radmilac (2021-05-24). "DeFi Bank Kalmar to Host IFO on PancakeSwap". The Chain Bulletin. Retrieved 2022-04-12.
- ↑ "V2 Update — BUSD lending, tokenomics, audit, further development & more". Kalmar Blog. 2021-06-21. Retrieved 2022-04-12.
- ↑ "V3 Protocol & V2 NFT Fundraiser Update". Kalmar Blog. 2021-09-17. Retrieved 2022-04-12.
- ↑ "Kalmar - The Project & Team Making The Cryptocurrency World User-Friendly". Tech Times. 2021-02-04.
- ↑ "A DeFi bank bets simplicity and gamification will yield mass market success". Cointelegraph. Retrieved 2022-04-12.
This article "Kalmar (cryptocurrency)" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Kalmar (cryptocurrency). Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
