Joule

Kinetic is a lending protocol built on the Flare Network, harnessing the network's unique features in FTSO (Flare Time Series Oracle), FAssets, and LayerCake technology. With Flare's FTSO and FAssets, Kinetic offers users a unique opportunity to leverage the value of their non-native assets like BTC, DOGE, and XRP in a decentralized and secure manner. The FTSO ensures accurate and decentralized price feeds, while FAssets enable the representation of non-native tokens on the Flare Network, thus broadening the scope of assets available for lending and borrowing. The implementation of LayerCake in 2024 is set to further enhance Kinetic's capabilities, offering a more simplified and decentralized way for users to interact within cross-chain ecosystems. This technology will enable seamless and secure transactions and bridging across different blockchains, expanding the possibilities for DeFi strategies and asset utilization.