Kintsu Launches Testnet on Aleph Zero Blockchain

Kintsu's Revolutionary Testnet Launch

Kintsu, a leading name in decentralized finance (DeFi), is set to launch its anticipated Testnet on May 13th. This event marks a significant step in liquid staking, utilizing the Aleph Zero blockchain. Aleph Zero is renowned for its combination of a Proof of Stake (PoS) consensus mechanism and Directed Acyclic Graph (DAG) technology, offering scalability, security, and efficiency. Its privacy features, such as zero-knowledge proofs (ZK-SNARKs) and secure multi-party computation (sMPC), enhance user security.

Transforming the DeFi Landscape

Kintsu's platform empowers users to stake assets while maintaining liquidity, leveraging Aleph Zero’s advanced security and transaction speeds. Recognized through the Aleph Zero Ecosystem Funding Program, Kintsu is a pioneer within the Aleph Zero, INK, and Substrate ecosystem. The platform focuses on decentralization and security, offering an efficient, scalable, and liquid staking solution.

Key Features of Kintsu Testnet

Exclusive Early Access: A select group, including Kintsu OGs, will participate first, providing valuable feedback.

Seamless Staking Process: Users can easily stake tokens with optimal security and efficiency.

Innovative Unstaking Process: Unstaking requests are batched every 48 hours, followed by a 14-day unbonding period, with the option to cancel requests until batched.

Claimable Gas Rewards: Participants can claim gas rewards post-unbonding from Liquid Staking Tokens (LSTs).

Comprehensive Wallet Support: Compatible with wallets such as Aleph Zero Signer, Nightly, Subwallet, Talisman, and Polkadot.

Security and Community Engagement

Kintsu has collaborated with Hats Finance for an audit competition on its Testnet contracts, with a $40,000 bounty to encourage security experts to identify vulnerabilities. This ensures robust security before the mainnet launch.

The community is invited to explore the Testnet and provide feedback to enhance user experience. Staying connected through the Kintsu Discord and Twitter allows users to engage and contribute to the DeFi community's future.