Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Tomb-inspired Finance Company Kitty Finance Projected to Reach Over $50,000,000 TVL Over the Next 30 Days.

CryptocurrencyDec 23, 2021 01:30PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Tomb-inspired Finance Company Kitty Finance Projected to Reach Over $50,000,000 TVL Over the Next 30 Days.

Kittyfinance.io is a multi-token protocol that consists of three tokens: $KITTY, $CAT (Kitty shares), and $SKITTY (Sleepy Kitty – Kitty Finance Bonds). Unlike most other algorithms that are pegged to stable coin, Kitty is pegged to AVAX and Matic giving it more adaptability. Kitty founders are also devoted to innovating use cases and enhanced functionality in order to sustain the peg long-term.

ANNOUNCING: The first ever algorithmic stablecoin on Avalanche and Polygon networks. Fans of Tomb Finance and anyone looking to invest early on a new project–here’s your chance. Kitty Finance is taking the Tomb model to AVAX and Matic in an effort to improve liquidity and enhance user cases.

The inspiration behind Kitty, Tomb has grown to a TVL (Total Value Locked) of $800,000,000 over its 3 month lifespan. Based on Tomb’s success, Kitty is projected to reach over $50,000,000 TVL over the next 30 days. At only 7 days old, Kitty’s value is super high and it will be a while before it pegs and reaches 1 AVAX. Great news for potential investors is that both KITTY-AVAX LP and CAT-AVAX LP are currently at 14% APR.

According to Kitty Advisor and Community Leader, Devesh Gupta (known as fierydev in the community), the best way to earn on Kitty is:

  • Buy $KITTY and pair it with $AVAX to provide liquidity, and stake your KITTY-AVAX LP in the farm to earn $CAT rewards.
  • Take your $CAT rewards and stake them in the NURSERY to earn inflationary $KITTY rewards.
  • Sell half of your earned $KITTY for $AVAX, and compound it back into the KITTY-AVAX LP.
  • Profit!

Gupta says, “We just have so much respect for what Tomb did over on Fantom network. So thankful for their open source work so that we can bring that model to Avalanche and Polygon and create this new opportunity for investors. Kitty Finance has got huge plans.”

Among those plans are new and improved UI Designs and UX. Kitty creators also plan to go cross chain to enhance their liquidity and widen their reach. They’ll also be entering the NFT space with Cute Kitties and Kittens Limited.

In order to counter the main challenge of past algorithms, Kitty is looking to increase the utility of its tokens through arcade games and partnerships with other projects. Kitty will also partner with other vaults to continue providing high APR. Longer-term plans include governance via CATs and multichain competitions.

Kitty invites all interested investors to follow them on Telegram and Discord for up-to-date announcements that are rolling out lightning fast:

Website| Twitter| Github| Telegram| Discord| Docs.

Disclaimer: Any information written in this press release does not constitute investment advice. CoinQuora does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release. CoinQuora is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.

Continue reading on CoinQuora

Tomb-inspired Finance Company Kitty Finance Projected to Reach Over $50,000,000 TVL Over the Next 30 Days.
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email