Blockchain platform Flare has partnered with Kinetic, a decentralized lending and borrowing protocol backed by Rome Blockchain Labs (RBL), to expand DeFi functionalities within the Flare ecosystem. This integration will empower users to earn yield through liquidity provisioning while accessing secure, over-collateralized borrowing services.
Key Features of the Collaboration
1. Enhanced DeFi Capabilities
Kinetic’s platform enables:
- Liquidity provisioning with block rewards for supplied assets.
- Over-collateralized borrowing with membership perks (e.g., interest rebates, exclusive Discord access).
- Decentralized price feeds via Flare’s Flare Time Series Oracle (FTSO), ensuring accurate, real-time cryptocurrency pricing without centralized dependencies.
2. Integration of FAssets
Kinetic will leverage FAssets, Flare’s bridge for non-smart contract tokens (e.g., BTC, XRP, DOGE), allowing these assets to participate in DeFi:
- Convert traditional tokens into FAssets on Flare.
- Use FAssets for lending/borrowing to generate yield, broadening market liquidity.
3. Testnet Launch
Initially deploying on Coston2 (Flare’s testnet), Kinetic will gather user feedback to refine its protocols before mainnet release.
Strategic Partnerships
- Rome Blockchain Labs: Provides technical infrastructure and market expertise, with a proven track record (e.g., Benqi on Avalanche).
- Watchpug & Immunefi: Conduct smart contract audits and bug bounty programs to ensure platform security.
Leadership Insights
Hugo Philion, Flare CEO:
"RBL’s choice to build Kinetic on Flare showcases the potential of FAssets—enabling decentralized lending against tokens like BTC and XRP."
Jake Hunsbusher, Kinetic Core Contributor:
"Our tokenomics prioritize sustainable yield generation, breaking cycles of devaluation to foster financial empowerment."
Kinetic’s Vision
- Decentralized access: No KYC restrictions, available in regions with regulatory challenges.
- Security-first: Audits and bounties uphold trust.
👉 Explore Kinetic’s innovative DeFi solutions
FAQ Section
Q: How does Kinetic ensure price accuracy for loans?
A: It uses Flare’s FTSO oracle for decentralized, real-time price feeds.
Q: Can non-smart contract tokens like BTC be used on Kinetic?
A: Yes—via FAssets, these tokens are converted into DeFi-compatible assets.
Q: What are the benefits for lenders?
A: Earn block rewards and yield while supplying liquidity.
Q: When will Kinetic launch on mainnet?
A: After successful testing on Coston2 testnet and community feedback.
👉 Learn more about Flare’s ecosystem
About Kinetic
Kinetic is an algorithmic, non-custodial lending platform on Flare Network, powered by RBL’s infrastructure. It transforms idle assets into active DeFi strategies, emphasizing accessibility and long-term sustainability.
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