Kinetic is Evolving: Changes coming to the $JOULE token and the Kinetic protocol.
Big things are coming for Kinetic. As we prepare to expand and roll out major updates to the protocol, it's important that the protocol's token, $JOULE, evolves as well. That is why this epoch (ending Sep 29th) will be the final epoch that Kii Stake rewards and rebates are awarded.
Upcoming Changes:
- Rebates on fees through the various Kii tiers will sunset after this epoch.
- Kii Stake and Voting will be discontinued, aligning governance more directly with our new vision for the protocol.
(Unstaking restrictions on $KII have already been removed)
- The JOULE/sFLR Farm will remain incentivized for, at minimum, the next five months.
- Kinetic's ISO pool (JOULE, FLR, USDC) will remain available on Kinetic for the foreseeable future, subject to ongoing community demand.
By curbing rewards emissions of the $JOULE token, we aim to transition it from being an "incentives token" to a true "protocol token." Creating a token model that is simpler, more sustainable tong term, and better aligned with the upcoming growth of the protocol.
Our first year and a half has been an extremely exciting journey, and now, as we continue to mature and prepare to expand, we see even greater opportunity in refining our model to align with our long-term vision for the future of Kinetic.
Stay tuned - the best is ahead.
Excited to launch crypto offramp! 🚀
You can now sell crypto to fiat - right inside Bifrost Wallet.
Cash out FLR, XRP, BTC, ETH, and more straight to your debit card with our new offramp powered by @TopperbyUphold
🤩Borrow Caps for USD₮0 and Iso Market $USDC have just been raised!⤴️
Remember, new caps are typically quickly reached, so please be patient if you aren't able to borrow this time🙏
We'll continue to try and raise caps on a weekly basis so more $FLR users can participate💗
What makes @SparkDexAI the top DEX on @FlareNetworks?
✅ AI-enhanced trading ✅ Up to 100x leverage ✅ $3.5B+ in volume ✅ Cross-chain swaps ✅ Yield farming + staking
$SPRK IDO coming soon
Introducing the dual-launch of SparkDEX’s $SPRK token on @FlareNetworks.
• July 17: $23.5K raise on SparkPad
• July 21: $100K raise on TrustSwap Launchpad
TGE on July 29, taking place on Flare’s newest launchpad.
Learn more in the blog:
https://t.co/T7yBN05bIb
Big news from the @FlareNetworks ecosystem
👀 @SparkDexAI is launching $SPRK across two launchpads: Note: This Launchpad has a refund policy.
🔹 $100K raise on TrustSwap
🟣 $23.5K raise on SparkPad
TrustSwap is the official infrastructure partner of SparkPad.
IDO Dates:
🗓️ SparkPad – July 17
🗓️ TrustSwap – July 21
🤩Happy Thursday! Borrow Caps for USD₮0 + $flrETH have just been raised!⤴️
Remember, new caps are typically quickly reached, so please be patient if you aren't able to borrow this time🙏
We'll continue to try and raise caps on a weekly basis so more $FLR users can participate💖
This week Bifrost Wallet got @WalletConnect Certified - together with other great wallets such as @MetaMask@BinanceWallet & @safepal!
This badge means:
🔒 Top-tier security
🔗 Verified dApp connections
🌐 Seamless multi-chain UX
Read what’s new & next: https://t.co/KoyP34d8Ke
🚨 Exclusive Interview Just Dropped!
I connected with @HugoPhilion, Co-Founder of @FlareNetworks, to talk #XRP, #FLR airdrops, @Firelightfi, and whether Flare could rival Ethereum. 👀🔥
This is BIG for the #XRPL + #DeFi space.
🎥 Watch here: https://t.co/fY9FcSUUhd
$XRP $FLR
🧑🔬Want to test FXRP on Kinetic's testnet?
1⃣Connect to Coston2
2⃣Get C2FLR from faucet
https://t.co/faovWNTb29
3⃣Supply C2FLR as collateral
https://t.co/QXDQUjabSK
4⃣Connect to the XRP Testnet (only BiFrost and Ledger)
5⃣Mint test FXRP
🥳Test on Kinetic: https://t.co/T0vk8BKOsD
📢 You can now view Flare P-chain history, interact with @xpmarket AMMs and much more (v0.7.20+). Check App Store or Google Play for any available Bifrost Wallet update 🚀
😮Confirmation, XRP by way of FAssets (FXRP) will be one of first eligible assets utilized to collateralize a stablecoin on the supreme Layer 1 decentralized protocol @FlareNetworks.
Never forget: Utility Matters. 💯
This is my double decker bus. 🚍 goodnight from Tokyo. 🙏
📣 FAssets v1.1 is now live on Songbird — and you can mint FXRP directly using Bifrost Wallet as both your wallet and agent.
🎥 Watch how: https://t.co/X22eMJuPlg
Kinetic is enabling the @FlareNetworks community to perform liquidations on May 8th!
Advanced users can check positions that are undercollateralized and earn 10% on any liquidated capital.
This increases decentralization, rewards users, and speeds up the raising of borrow caps.