Polestar & KVI, Star Finance DeFi Platform Launched

강승환 기자 | 기사입력 2021/03/08 [16:56]

Polestar & KVI, Star Finance DeFi Platform Launched

강승환 기자 | 입력 : 2021/03/08 [16:56]

 

Blockchain-based integrated payment platform Polestar and KVI Chain announced that they have entered into a partnership to launch the De-Fi platform 'Star Finance'.

 

Star Finance is a decentralized financial platform that runs on the Ethereum network and is a DeFi platform based on Uniswap's Automated Market Maker (AMM) protocol. This is a decentralized financial service that provides liquidity by users with digital assets depositing assets on the platform, and based on this, supports safe and free transactions among network participants. Users who provided liquidity can get interest compensation in exchange for depositing assets.

 

The deposit digital assets of Star Finance are basically PSC (Polstar Coin) and KVI (KVI), and Uniswap will be used as the liquidity deposit platform. For reference, Uniswap has the most stable system as a representative DEX and DeFi platform, and as of March 8th, it has the largest amount of deposits of about 38 trillion won among all existing DeFi platforms.

 

Star Finance participants can receive rewards by first supplying PSC and KVI from Uniswap and then staking LP tokens on the Star Finance platform. Star Finance is scheduled to be released on March 16, and a mining event of about 60 days will be held with the platform opening.

 

Polestar and KVI said that starting with the launch of the Star Finance DeFi platform, they will pull out the cryptocurrency trapped in the exchange to a wide range of decentralized platforms based on strict smart contracts to support active P2P transactions and create a circular economy model.

 

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