Feature Launch — Protected Collateral
Security, Capital Efficiency, Flexibility
Kinza Finance mainnet incorporates cutting-edge features to give high-level security, capital efficiency, and freedom to users to use their capital how they choose. Development is a priority at Kinza Finance, with innovative features in the pipeline. Today, Kinza Finance is excited to announce the launch of a new feature on the mainnet: Protected Collateral.
Protected Collateral
Assets supplied to Kinza Finance can be used as collateral to borrow other assets on the platform in a loan. Furthermore, deposited assets are available to other users who wish to borrow. A portion of the interest generated by borrowers is directed to the supplier for providing that liquidity and making it available. This is how Default Lending operates on the Kinza mainnet. Protected Collateral now brings more flexibility to users by allowing them to deposit supported assets, but in a way so that the deposits are protected and unavailable to other borrowers. Supplied Protected Collateral assets can still be toggled on for use as collateral in a loan, but are not available to other users, and therefore will not generate interest for the supplier.
DeFi investors have different approaches to contributing and participating in lending protocol ecosystems. To support these unique interests and approaches, Kinza Finance offers flexibility with features like Protected Collateral. For users who want to operate with the absolute highest level of risk management, Protected Collateral gives them a more isolated and protected experience to supply and borrow on the platform.
How It Works?
To start with Kinza Finance, check out the How To guide in the Kinza documentation found here: https://docs.kinza.finance/introduction/how-to.
Once you have connected your wallet, you will see all supported assets available in your wallet to deposit and put to work.
Supply Options
After clicking on the Supply button next to the supported asset you would like to deposit, a popup will bring you the new possibility of choosing between either “Default Lending” or “Protected Collateral”. Click on the two options and hover over the “i” to get a brief tooltip about the choice. Default Lending will deposit the asset in the traditional configuration — allowing other users to borrow and generate interest from the deposit. Protected Collateral now allows you to deposit the Collateral as an isolated and private pool that you can use to borrow.
Dashboard with Protected Collateral
After making your choice and selecting Supply, you will then need to confirm the transaction in your wallet — in the same way as you would for Default Lending. After confirming, you will be notified of the successful transaction and will then be returned back to an updated dashboard. A tag will be applied to your supplied assets for Protected Collateral.
Experience Protected Collateral
It’s that easy! Kinza Finance is excited to deploy this new feature on the mainnet and give users more flexibility in how they choose to use their capital. Head over to the Kinza Finance mainnet at app.kinza.finance today to experience this new feature — currently available for USDT.
Stay Up To Date
So many cool features are in the workshop at Kinza — please follow our official channels to be the first to hear about current development activities, upcoming updates, and exciting announcements:
Kinza V1 Mainnet: http://app.kinza.finance
Twitter: https://twitter.com/kinzafinance
Discord: https://discord.gg/JFXTEp8Nub
Telegram: https://t.me/kinza_finance
Website: https://kinza.finance
Documentation: https://docs.kinza.finance
