Key Points
- KRAV decentralized quanto exchange introduces V1 with new and improved features.
- KRAV allows leveraging of Bitcoin trades using altcoins as collateral.
KRAV decentralized perpetual crypto quanto exchange that’s backed by Arthus Hayes’ Maelstromfund has just announced the launch of KRAV V1 to revolutionize decentralized trading.
A quanto is a type of derivative in which the underlying is denominated in one currency, but the instrument itself is settled in another currency at some rate.
Such products are attractive for speculators and investors who wish to have exposure to a foreign asset, but without the corresponding exchange rate risk.
The team at KRAV announced in a post via X that KRAV V1 is now live and they revealed what the new version brings for users.
V1 comes with an improved trading interface to maximize usability and information displays. V! brings improved trading widgets and altcoin dashboards, where users can trade with anywhere from 2 to 200x leverage with altcoins.
V1 also brings a permissionless pool and anyone can generate a collateral token market in minutes and earn yield by creating a pool. Users have to head over to the liquidity page, click on create, provide the token address and the number of tokens to LP, and generate a collateral market in minutes.
V1 also brings improved risk mechanisms to be dynamic, allowing for dynamic-sized collateral markets. KRAV will be closely monitoring each pool and trader feedback to balance a good trading experience and prudent risk management.
The team at KRAV also announced future expansion and over the coming days, KRAV is set to migrate liquidity from the Beta Version to the new V1. New strategic integrations with newly onboarded tokens will be announced.
What is KRAV?
KRAV is the first decentralized quanto perpetual futures protocol, seeking to take the utility of quanto perpetual futures and apply it to all on-chain altcoin markets.
Rather than using traditional financial derivative contracts, KRAV is a collection of smart contracts allowing anyone to leverage their altcoins tokens as collateral in perpetual futures contracts to gain leverage exposure to BTC and other assets.
Earnings and losses are settled in units of the altcoins used as collateral and the amount won or lost depends on how much Bitcoin’s price in USDT goes up or down.
In other words, KRAV allows users to make a bet on Bitcoin‘s price movement using an altcoin as collateral, but the payout in the collateral currency is based on BTC’s price movements in USDT.
KRAV is pioneered by Arthur Hayes, and, according to the team behind the project, it introduces a paradigm shift by extending the utility of perpetual futures to encompass a wide array of on-chain altcoin markets.
KRAV’s operational integrity involves the use of advanced blockchain tech and decentralized oracles. The platform employs Chainlink’s oracle network to secure real-time price feeds which ensures accurate asset valuation.
