Kinetex
Cross-chain DeFi aggregator and highly efficient trading protocol.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | N/A | Early VC | |
| Total Funding | 000k | ||
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Kinetex operates within the decentralized finance (DeFi) sector, offering a protocol for cross-chain trading. The company was founded in 2023 by Mike Shishko and Tigran Bolshoi. In November 2023, Kinetex completed a strategic funding round led by Gnosis Chain and Factor. The firm’s core service is designed to facilitate the transfer of liquidity between different blockchain networks efficiently.
The business model centers on a peer-to-peer approach that connects users with professional market makers, known as resolvers, who execute trades. A key feature of the Kinetex protocol is its 'Flash Trade' mechanism, which aims to provide instant asset transfers without requiring users to store funds in liquidity pools, a common practice in DeFi that can be vulnerable to attacks. Instead of using automated market maker (AMM) pools, Kinetex enables market makers to use their own liquidity and trading strategies, fostering competition among them. This structure is intended to reduce risks such as price slippage and MEV (Miner Extractable Value) attacks.
To ensure transaction security, the protocol utilizes a collateral system where every transaction is backed by a resolver's collateral. It also incorporates zero-knowledge (ZK) proofs, a cryptographic method that allows for transaction validation without relying on third parties, thus enhancing privacy and security. The platform is designed to be gasless for the end-user, meaning resolvers cover the transaction costs (gas fees), and users only pay for the asset transfer itself. The company launched the first version of its protocol in early 2023 as a meta-aggregator of bridges and decentralized exchanges (DEXes) to address fragmented liquidity. Kinetex aims to make DeFi more accessible by automating and streamlining processes for both individual and business use.
Keywords: cross-chain trading, decentralized finance, DeFi protocol, zero-knowledge proofs, ZK technology, liquidity transfer, peer-to-peer trading, crypto asset swap, gasless transactions, blockchain interoperability, decentralized liquidators, Flash Trade, collateralized trading, resolver network, meta-aggregator, intent-based trading, on-chain trading, non-EVM networks, Gnosis Chain, Tigran Bolshoi