Kinetex Docs
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What is Kinetex?
Kinetex is a peer-to-peer platform that connects users and professional resolvers, bridging liquidity between decentralized finance (DeFi) and centralized finance (CeFi) ecosystems.
What benefits do users gain from Kinetex?
Users can enjoy fast, secure transactions at the best available rates. Security is ensured by the Kinetex network itself as it allows transactions to be executed on-chain.
What benefits do resolvers get?
Resolvers have the ability to construct their own trading strategies and earn income from transactions.
What benefits do protocol maintainers get?
Protocol maintainers perform the computational tasks associated with Zk proofs and sell these services to resolvers, earning income in the process.
Do users need to pay for gas?
No, resolvers fully manage the transaction and pay the gas fees for the users.
Does Kinetex use wrapped tokens?
No, the user interacts on-chain with the resolver and does not create extra virtual assets.
Why work directly with resolvers instead of using AMMs?
Working directly with resolvers eliminates slippage and ensures guaranteed transaction execution, unlike automated market makers (AMMs).
How long does a swap take?
The average transaction time is 10-15 seconds, with a maximum time for the resolver of 2 minutes. After this period, liquidation is triggered, closing the order as quickly as possible.
How is the security of the user's swap ensured?
Each resolver reserves collateral for the transaction larger than the order size, ensuring security.
How is the execution of the order and rate guaranteed?
Orders are backed by the resolver's collateral. If the resolver does not execute the order within 2 minutes, automatic liquidation occurs.
Does the user need to provide a proof that the transaction was not completed?
No, liquidation occurs automatically.
Can the user receive the asset in another network?
No, the liquidator swaps the collateral for the asset that the user expects.
How does order liquidation occur?
Order liquidation is fully decentralized. Anyone who provides a deposit of $100 can create a proposal, provide a proof that the resolver did not complete the transaction, and unlock the collateral.
What happens if a liquidator creates a false proposal?
They will lose their deposit.
Why will liquidation occur on time?
The collateral is liquidated with a commission for the liquidator. The first to detect a debt and initiate liquidation earns income. Liquidators compete in speed to earn income.
At what price does liquidation occur?
Chainlink oracles ensure a minimum price at which an order can be liquidated.
Why are Kinetex's prices more favorable?
Because there is no need to pay validators, Kinetex employs an optimistic scenario where transactions occur directly between resolvers and users without additional expenses, resulting in significant gas optimization.
What is an optimistic scenario?
In an optimistic scenario, proof costs are only incurred if a liquidator creates a proposal stating that the resolver did not complete the transaction.
How do resolvers set prices?
Resolvers compete with each other on price and offer the best rates. The order is given to the resolver that offers the most favorable rate.
Who manages the order system?
Orders are managed by a distributed network of protocol maintainers, ensuring the security of the network and the rates provided by resolvers.
Do resolvers need to perform Zk proofs themselves?
Protocol maintainers perform the computational tasks associated with Zk proofs and sell these services to resolvers for state updates.
Can I provide liquidity to Kinetex?
Kinetex does not store liquidity.
What are the fees for Kinetex?
Kinetex does not charge any fees. The protocol is fully decentralized and non-profit. Resolvers set their own fees independently.
What are Kinetex NFTs?
NFTs are used for staking to gain voting power for decision-making.
Can I sell my NFTs?
No, NFTs are non-transferable and are created to serve the network, not for speculation.
How can I get an NFT?
You can acquire an NFT by completing tasks in the Kinetex Ambassador and Testnet programs.
How does Kinetex differ from other projects that offer exchange solutions?
Kinetex has several unique features:
  • The first one is automation. Kinetex offers an automatic exchange that is performed regardless of the route's length, so users do not need to stay online to confirm each transaction.
  • The second distinctive feature is a variety of supported crypto assets. Kinetex aggregates numerous tokens and coins (over 15,000), including native ones, and enables their trading with the help of tokenization protocols.
  • The third distinction is the Multi-chain Gasless technology that eliminates the need to care about storing gas.
This is not a final list, though. The more Kinetex develops, the more unique and helpful features it gets.
What does automation through relay nodes mean?
Relay nodes automate the execution of smart contracts. They allow users to complete the entire route automatically without the need to stay online and confirm each transaction.
How does the gasless technology work?
The Gasless technology eliminates the need to store native coins for each network and to worry about their shortage. This technology helps to travel through the universe via interdimensional swaps while holding only one EIP-2612-compliant token (including any such stablecoin).
If you do not have a permission-enabled token, place a small staking deposit of $5-20 in escrow so relay nodes can always pay gas for you and top up the deposit with assets you exchange.
Do I need to replenish the escrow deposit myself again?
The escrow deposit does not need to be replenished again. It is restored automatically through the relay nodes using the exchanged tokens.
Can I withdraw the deposit from the escrow?
Yes. You can request your deposit from the escrow service at any time. An oracle will check that you have no debts in other networks, and your assets will be transferred to you.
What is a native coin tokenization gateway?
Kinetex utilizes native coin tokenization protocols that create wrapped tokens and bring them to the nearest bridges using the route-building algorithms, thereby transferring transactions into the required networks. Such an approach allows you to exchange any asset quickly and reliably.
How does the exchange of native coins such as Bitcoin work?
Support for native coins (BTC, LTC, BCH, etc.) is implemented in the form of wrapped tokens through the integration of such tokenization protocols as Ren Protocol, tBTC, and a multi-chain DEX (THORChain).
How does cross-chain work at Kinetex?
Inside Kinetex, we combine dozens of reliable bridges and providers that are whitelisted and manually added to the ecosystem. Thus, users can safely cross the space between different networks in two ways: by using stablecoins for the intermediate stages or by exchanging assets directly.
Priority is given to identical tokens on different networks. If such a route cannot be found or there is not enough liquidity, then the original asset will be exchanged for a stablecoin, bridged to another network, and finally to the desired asset.
To reduce the impact on the price, Kinetex chooses assets with high liquidity.
What is liquidity aggregation? How does it work at Kinetex?
Kinetex does not use its own liquidity.
The specially-designed exchange algorithms aggregate liquidity from various protocols to transfer assets between networks and build the most efficient routes.
Liquidity is drawn from many sources, including decentralized exchanges, bridges, market makers (public and private), limit order protocols, Layer-2 networks, etc.
What wallets does the Kinetex project support?
Supported wallets: MetaMask, WalletConnect, and XDeFi Wallet.
Coming Soon: BinanceChain Wallet, Coinbase Wallet, Liquality Wallet, and Bitkeep Wallet.