Wrapped Kadena is coming to Ethereum in November

Wrapped Kadena is happy to announce that they’ve partnered with Coinmetro and will be officially supporting Wrapped Kadena on the Ethereum blockchain! Like other wrapped assets, Wrapped Kadena (wKDA) is designed to be backed 1:1 with an underlying asset, in this case, Kadena (KDA).

This additional launch of Wrapped Kadena on Ethereum is part of a continued initiative to connect multiple assets to Kadena (earlier this past summer it was announced that Wrapped Bitcoin on Kadena is also in the works), and a precursor of a connection of the network itself to multiple chains.

More about Kadena

Kadena is a scalable layer-1 Proof of Work (PoW) blockchain, featuring Pact, a safe and user-friendly smart contract technology. In aiming to solve the scalability and security concerns on other blockchains, Kadena’s platform provides an environment (scalable blockchain) and tools (Pact) to build-out ideas from DeFi applications to NFT marketplaces.

More about Wrapped

Wrapped lets investors use their digital assets to lend, borrow, and trade on all major DeFi platforms. Each wrapped asset is fully-collateralized and held with a qualified custodian.

DETAILS:

https://medium.com/wrapped/wrapped-kadena-is-coming-to-ethereum-in-november-dc4b49d8f268

Source: https://thebittimes.com/wrapped-kadena-is-coming-to-ethereum-in-november-tbt5413.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: Chain news

Post by: TheBitTimes.com