1/11 What Is Kujira?
Kujira is formed by a team of finance, blockchain and software development experts, targeting areas of DeFi which are usually only available for those only with access to bots or large amounts of capital.
@cryptoslang1 @c0ffeeholicz @deadrightdove @codehans1
Kujira is formed by a team of finance, blockchain and software development experts, targeting areas of DeFi which are usually only available for those only with access to bots or large amounts of capital.
@cryptoslang1 @c0ffeeholicz @deadrightdove @codehans1
2/11 The project has multiple dAPPS like
- BLUE (staking and governance), and
- Beluga (allows sending of tokens to multiple addresses in a single transaction)
However, it is most often associated with Orca, which allows users to participate in liquidations.
- BLUE (staking and governance), and
- Beluga (allows sending of tokens to multiple addresses in a single transaction)
However, it is most often associated with Orca, which allows users to participate in liquidations.
3/11 How Orca works
As the crypto space grows, many are using leverage and loaning against their assets to compound their growth.
When these loans exceed a certain percentage and are liquidated, those who participate in these liquidations are rewarded with liquidation fees.
As the crypto space grows, many are using leverage and loaning against their assets to compound their growth.
When these loans exceed a certain percentage and are liquidated, those who participate in these liquidations are rewarded with liquidation fees.
4/11 On the @anchor_protocol, this value is set at 60%, and during wicks down on price, under-collateralized borrowers can get liquidated, and the associated liquidation fee means that their assets are sold at a discount to market rates.
5/11 This process often operates on a “first-come-first-serve” basis, usually by bots with deep liquidity.
Orca allows everyday users to participate in liquidations by selling these liquidated assets from the lowest to highest discount, evenly between everyone.
Orca allows everyday users to participate in liquidations by selling these liquidated assets from the lowest to highest discount, evenly between everyone.
6/11 Basically, what this means is that:
- Bots cannot jump in front of everyday users in liquidations
- You can participate in liquidations, even without a large amount of capital
- Those liquidated can potentially pay a lower “liquidation fee”
- Bots cannot jump in front of everyday users in liquidations
- You can participate in liquidations, even without a large amount of capital
- Those liquidated can potentially pay a lower “liquidation fee”
7/11 Overall, this results in a win-win-slightly win situation for all, even those getting liquidated.
For those looking to get their $LUNA or $ETH at a discount to market rates, Orca may just be the protocol for you.
For those looking to get their $LUNA or $ETH at a discount to market rates, Orca may just be the protocol for you.
8/11 $KUJI Token
Recently, Kujira released their native token $KUJI in a much-anticipated ICO (Initial Coin Offering).
While the price of $KUJI has tanked since the ICO, its potential remains to be seen, as its use cases are still currently being outweighed by selling pressure.
Recently, Kujira released their native token $KUJI in a much-anticipated ICO (Initial Coin Offering).
While the price of $KUJI has tanked since the ICO, its potential remains to be seen, as its use cases are still currently being outweighed by selling pressure.
9/11 Currently, utility of $KUJI involves
- Staking to receive about 260% APR and access to market tracking tools
- Discounts on fees when transacting in the $KUJI token
- Airdropped to users who get liquidated
- Governance
- Staking to receive about 260% APR and access to market tracking tools
- Discounts on fees when transacting in the $KUJI token
- Airdropped to users who get liquidated
- Governance
10/11 Though the token has been underperforming relative to the success of KUJIRA, the team plans to make $KUJI pivotal to the eventual ecosystem of dAPPS that they hope to develop, and expand its use cases further.
11/11 Kujira’s Future
Going forward, they plan to bring their dAPPs cross-chain and increase the collateral markets to include cryptocurrencies such as @solana , increasing utility and awareness for both the $KUJI token and the @terra_money ecosystem.
Going forward, they plan to bring their dAPPs cross-chain and increase the collateral markets to include cryptocurrencies such as @solana , increasing utility and awareness for both the $KUJI token and the @terra_money ecosystem.
Read more at: chaindebrief.com/kujira-orca-lu…
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