Firebird Finance spreads its wings to the KuCoin Community Chain
Today we are excited to announce that Firebird Finance will expand to the KuCoin Community Chain (KCC). To give our users the best experience, and to become a cross-chain protocol for DeFi services, the move towards KCC is a strategic one as we are one of the first yield aggregators there.
That is why starting July 26th, Firebird Finance will become accessible to the KCC community. The initial deployment will include our state-of-the-art DEX and yield aggregator.
What is the KuCoin Community Chain?
Since it’s an EVM chain, KCC is fully compatible with the ERC-20 token standard. But because its costs are cheaper than those of Ethereum main-net, migration and deployment of smart contracts is lower than in Ethereum L1. This helps keep development costs low while keeping it cheap and accessible for all users to transact within the Firebird platform.
KCC is using Proof of Staked Authority (PoSA) similar to Binance Smart Chain. PoSA will be less energy-intensive than PoW and reduce the block confirmation time to 3 seconds, improving processing and performance time on the chain. Also, KuCoin Token (KCS) is the only fuel for KCC to reduce the costs of smart contracts and transaction processing.
Based on KuCoin’s large user-based, and innovative technology, it’s expected that KCC will grow very fast. It’s an exciting new frontier for DeFi projects and Firebird Finance is looking to become an integral part of this new ecosystem.
What services will Firebird Finance bring to KCC?
Starting July 26th, Firebird Finance’s Swap DEX and Vaults will be accessible. KCC users will be able to exchange tokens using a top-of-the-line platform that ensures the best rates and lowest slippage. Additionally, Firebird Finance Vaults will be live at the same time. As a result, Firebird Finance will become one of the first yield aggregators for KCC. Firebird Finance’s OneSwap which is a specialized AMM for pegged assets like stablecoins will be also available at launch.
Users and projects will be able to create AMM pools and farming pools through Firebird Finance’s unique FaaS tech to leverage their tokens usage. The creation of OneSwap pools is also available at launch.
Firebird Finance is committed to bringing the best DeFi products to the KCC community. The Swap and Vault platforms are only the beginning. As the KCC ecosystem evolves Firebird will develop and deploy more products on the network. Let’s build the future of DeFi together.
KCC faucet on Firebird Finance
In order to facilitate our users in their journey to explore our KCC integration, we have created a faucet. It will transfer a small amount of KCS to your wallet to use in the new ecosystem. By doing so, we can ensure you try our Swap platform on KCC and verify that it’s the best in the network.
The end result will be an easy-to-access DEX on the KCC network. We at Firebird Finance are moving early into this new network. We think it’ll become a vibrant Blockchain for tokens and Dapps and we aim to support it early.
Firebird Finance is user-centered, and community is very important.
Join and follow the firebird Community on these links:
Firebird Finance Faucet: https://go.firebird.finance/faucet/15A