Experience the Future of Liquid Staking: Kintsu Testnet Launches Exclusively on May 13th

London,
UK,
May
10th,
2024,
Chainwire

Kintsu,
a
leading
innovator
in
the
DeFi
space,
is
thrilled
to
announce
the
launch
of
its
highly
anticipated
Testnet
on
May
13th.
This
exclusive
event
invites
a
select
group,
including
the
Kintsu
OGs,
to
pioneer
a
new
era
in
liquid
staking
on
the
cutting-edge
Aleph
Zero
blockchain.

Aleph
Zero
is
a
permissionless
Layer-1
blockchain
that
combines
a
Proof
of
Stake
(PoS)
consensus
mechanism
with
a
Directed
Acyclic
Graph
(DAG)
for
scalability,
security,
and
efficiency.
Its
advanced
privacy
features
include
zero-knowledge
proofs
(ZK-SNARKs)
and
secure
multi-party
computation
(sMPC)
within
the
Liminal
privacy
layer.

About
Kintsu

Kintsu
aims
to
reshape
the
DeFi
landscape
with
its
next-generation
liquid
staking
platform,
empowering
users
to
stake
their
assets
while
maintaining
liquidity.
By
leveraging
Aleph
Zero’s
state-of-the-art
security
and
unparalleled
transaction
speeds,
Kintsu
provides
unmatched
flexibility
and
efficiency
in
liquid
staking.

A
recipient
of
the
Aleph
Zero
Ecosystem
Funding
Program,
Kintsu
is
recognized
as
a
pioneer
within
the
Aleph
Zero,
INK,
and
Substrate
ecosystem.
With
a
focus
on
decentralization,
and
security,
Kintsu
aims
to
redefine
liquid
staking,
providing
DeFi
users
with
a
efficient,
scalable,
liquid,
and
composable
staking
solution.

Key
Features
of
the
Kintsu
Testnet

–
Exclusive
Early
Access:
A
select
group,
including
the
Kintsu
OGs,
will
have
the
opportunity
to
participate
first,
offering
focused
feedback
to
enhance
the
platform
iteratively.

–
Seamless
Staking
Process:
Users
can
stake
their
tokens
with
ease
and
have
them
allocated
among
carefully
selected
validators
for
optimal
security
and
efficiency.

–
Innovative
Unstaking
and
Batching
Process:
Unstaking
requests
are
collected
over
a
48-hour
period
before
being
batched,
followed
by
a
standard
14-day
unbonding
period.
Participants
can
cancel
their
requests
until
they
are
batched.

–
Claimable
Gas
Rewards:
Following
the
unbonding
period,
participants
can
claim
gas
rewards
from
the
Liquid
Staking
Tokens
(LSTs)
initially
escrowed.

–
Comprehensive
Wallet
Support:
Participants
can
utilize
wallets
like
Aleph
Zero
Signer,
Nightly,
Subwallet,
Talisman,
and
Polkadot{.js}.

Hats
Finance
Audit
Competition:

Kintsu
has
partnered
with
Hats
Finance,
a
decentralized
cybersecurity
network,
to
conduct
an
audit
competition
on
the
contracts
that
will
be
deployed
on
the
Testnet.
The
competition
features
a
bounty
of
$40,000,
incentivizing
ethical
hackers
and
security
experts
to
identify
and
report
vulnerabilities.
This
initiative
ensures
that
Kintsu’s
contracts
are
thoroughly
vetted
before
their
mainnet
launch,
maintaining
the
highest
security
standards
as
Kintsu
pioneers
the
future
of
liquid
staking.

Participation
and
Feedback:

Kintsu
invites
its
community
to
actively
participate
in
the
Testnet,
exploring
its
innovative
features
and
providing
crucial
feedback.
This
feedback
will
play
a
significant
role
in
enhancing
the
platform’s
user
experience.

Connecting
with
the
Kintsu
Community

Users
can
stay
updated
on
the
latest
developments
and
engage
with
other
like-minded
individuals
by
joining
the
Kintsu

Discord
community
and
following
on

Twitter.
Insights
and
feedback
from
the
community
are
crucial
in
shaping
the
future
of
DeFi.

Contact

Director
of
Growth
Alexios
Konstantinidis
Kintsu
[email protected]