Kaiba DeFi Enables You to Save Up to 90% on Ethereum Gas Fees
Kaiba DeFi is a community-powered DeFi ecosystem. The protocol provides users access to a host of DeFi features to improve their returns and reduce trading costs. The network is unique as it’s the first ERC-20 token to incorporate gas optimization directly into its core features. Notably, the developers state that their network can reduce Ethereum fees up to 90% for the average user.
What Advantages Does Kaiba DeFi Bring to the Market?
Kaiba DeFi leverages a decentralized gas-efficient infrastructure to provide Ethereum developers and users relief to record high gas fees. Ethereum is the largest DeFi and Dapp protocol in the market. However, the technical structure of this network has made it expensive to use.
Ethereum’s Proof-of-Work (PoW) consensus model increases the gas fees for smart contract execution when network congestion rises. This protocol was originally meant to help reduce spam in the blockchain. However, since the congestion produced today isn’t from spam but viable platforms, the system is fundamentally flawed. The results are transactions delays and record-high fees for users.
Kaiba leverages advancements made in the blockchain sector to provide a more scalable and efficient alternative to the market. The network enables developers to create more robust and immersive Dapps as it cost less to execute complex smart contracts. Additionally, Kaiba users save a bundle on trading fees compared to Ethereum-based networks.
One of the main goals developers wanted to ensure was that Kaiba remained fully EVM-compatible (Ethereum Virtual Machine). The protocol was built from the ground up to support Ethereum-developers. As such, developers can migrate their Ethereum-based Dapps and tokens to Kaiba and save on fees. There is no reprogramming required to accomplish this task.
Kaiba DeFi Features
Kaiba DeFi introduces a host of benefits to the market. For one, the protocol is secure and responsive. Users enjoy better performance when they utilize Dapps or DEXs on this network. Here are some other features that make Kaiba DeFi a smart protocol to check out in 2022.
The Kaiba portfolio tracker is a trader’s best alley. You can use the system to monitor and track gas prices to find the best times to make your investments. Notably, the system enables users to set up gas change notifications. This feature is ideal for traders who seek to optimize ROIs.
The Kaiba Swap is the premier feature offered by the network. The Swap feature allows anyone to securely swap tokens for other popular projects and NFTs. The Kaiba Swap provides a better fee structure to traders when compared to top ERC-20 competitors such as Uniswap.
Another critical component of the Kaiba ecosystem is the Bridge feature. This protocol enables low-cost cross-chain functionality. The system was designed from the ground up to streamline adding and removing value from the Ethereum blockchain. Swaps are more popular than ever because they are less expensive to conduct than trading. The difference between a trade and a swap is that in a token swap you transfer digital tokens from one blockchain into another, whereas, in a trade, you simply exchange the digital assets directly.
Kaiba DeFi supports all the latest services in the market. The developers have plans to integrate the creation, monitoring, and trading of NFTs. NFTs (non-fungible tokens) differ from regular cryptocurrencies because they have the ability to represent a unique asset.
The NFT market is one of the fastest-growing in the crypto sector. These digital assets can be found in use in the art, business, and gaming sectors heavily. The decision to enable Kaiba developers to integrate NFTs into their network makes sense as many analysts see NFT tech as one of the most promising technologies in the blockchain market.
The Kaiba DeFi network enables anyone to secure low-risk returns on their actions. The network offers staking options to users. Staking is a term used to describe when users provide liquidity to a network smart contract for a predetermined time. In exchange for their participation, these users receive rewards. Staking is ideal for new users because the rewards are predetermined based on your stake.
How Does Kaiba DeFi Work?
In order for the Kaiba DeFi network to provide all of its features, the developers decided it was best to create a proprietary blockchain. The Lightning Chain is a custom-built, fourth-gen blockchain network that is fully ER-20 compatible. The network leverages the Proof of Reputation (PoR) consensus mechanism to remain valid. This method is more efficient and scalable than PoW systems.
The Kaiba Pad Network launchpad helps new projects built on the Kaiba network to succeed. Here, developers can find out how to integrate Kaiba’s features and services into their creations. There are tons of tips and developer support. The Kaiba Pad is a critical way in which the network continually expands.
Kaiba users have control over the network. They can vote using the KAIGO governance tokens. This Polygon chain asset provides user access to all the network’s community governance options. Users can put forth proposals regarding fees, features, and more.
KAIBA is the main utility token for the protocol. This ERC-20 compatible token serves multiple roles within the KAIBA network. It can be used to make payments, trading, and facilitate DeFi transactions on the Lightning Chain.
Kaiba DeFi – Save on Fees and Enjoy a Better UX
The developers behind the Kaiba DeFi ecosystem understood the frustration of Ethereum users. In response, they created a more advanced, secure, and scalable alternative. Best of all, since the network is fully EVM compatible, there is little effort needed for developers to leverage this new tech. For these reasons and more, Kaiba continues to raise eyebrows across the market.
Featured image: Kaikadefi.com