Kine Exchange Daily Turnover Reaches $70 Million Decentrali | Top DeFi

Kine Exchange Daily Turnover Reaches $70 Million

Decentralized derivatives exchange Kine Exchange tweeted yesterday about record daily trading volume. In addition, the exchange announced plans to hold a contest for traders.

In addition, it was reported that the maximum issue volume for the xKINE stacking reward instrument has been increased to 2,000,000. This means that "more KINE holders can stack their coins to issue kUSD, and get a second tier of rewards on Kine Finance.

"Kine Protocol has implemented a restriction on offering less liquid assets to ensure that kUSD is supported by a healthy collateral portfolio. We have successfully completed the addition of a stacking asset (xKINE) during the protocol. More assets will be supported in the future," the report said.