Kira Network and Orion Protocol announce a strategic integration to allow for non-custodial staking of any asset on Orion Terminal (including stable coins, digital fiat and NFTs), where tokens and their staking derivatives can be both staked and traded at the same time. 

Orion Protocol is a decentralized liquidity aggregator protocol, aggregating the liquidity, order book depth, and price discovery from every centralized and decentralized digital asset market. This enables the creation of the Orion Terminal: the first singular, non-custodial gateway to the entire crypto market.

KIRA Network is the first decentralized solution to secure and power DeFi applications with the liquidity of assets at stake. KIRA's novel consensus — Multi-Bonded Proof of Stake (MBPoS) enables token holders to generate revenues from staking any digital asset — cryptocurrencies, stablecoins, digital fiat, or even NFT’s while maintaining full liquidity via natively supported liquid staking. KIRA Interchain Exchange Protocol, deployed on top of the KIRA Network is going to be the very first DeFi application propelled by the liquidity of assets at stake. Thanks to IXP, users will be able to trade and stake their assets at the same time.

This integration will see a cross-chain asset bridge built between KIRA Network and Orion Protocol, allowing for non-custodial staking of any asset type, where tokens and their staking derivatives can be both staked and traded at the same time. 

In accordance with Kira's roadmap, this will allow Orion Protocol to further expand its staking offering beyond its native ORN token, allowing Orion Terminal traders to stake multiple assets using ORN and other token derivatives as leverage. 

  • Stake-Farming: Traders will be able to earn revenues from staking ANY digital asset type, including stablecoins and even NFT’s.
  • Leveraged Staking: Stakeable assets will be able to earn revenue on multiple chains at the same time, enabling traders to utilize full potential of capital without high risk factors. 
  • Liquid Staking: All tokens at stake will remain liquid allowing traders to transfer value of stake and yield-farm while earning block and fee rewards.

This integration will provide a non-custodial platform for the staking of any asset type, allowing traders to monetize their digital assets while retaining full control. Users directly communicate with the network, with no middleman or centralized entity required to host the backend or front end, while seeing no limitation in terms of value of stake.

“Integrating with Kira Network will allow us to take our decentralized staking program to the next level. Not only will traders be able to stake and monetize ORN on Orion Terminal, but any digital asset type, including stablecoins, digital fiat, and NFTs - providing one decentralized portal to staking.” Alexey Koloskov, CEO + Co Founder of Orion Protocol

"We're very much looking forward to establishing this relationship to further the use and the means of interoperability between our projects." Milana Valmonth, CEO & Co-Founder of KIRA Core

 

About Orion Protocol

Built on the most advanced liquidity aggregator ever developed, Orion Protocol solves some of the largest issues in DeFi by aggregating the liquidity of the entire crypto market into one decentralized platform. 

Governing the protocol is the proprietary staking mechanism Delegated Proof of Broker, fulfilling every function via a decentralized brokerage with the ORN token at its core. This underpins each industry-critical solution built on the protocol, including the flagship product Orion Terminal: the singular and non-custodial gateway to crypto.

Website | Twitter | Telegram | Github | Blog

 

About Kira Network

Kira Network is building the first decentralized solution using Tendermint and Cosmos SDK to secure and power DeFi applications with liquid staking — Kira Network. Thanks to its novel consensus — Multi-Bonded Proof of Stake (MBPoS), Kira aims to enable users to generate revenues from staking any cryptocurrencies, stablecoins, digital fiat, or even NFT’s while maintaining full liquidity via natively supported staking derivatives.

Kira’s Interchain Exchange Protocol (IXP) is going to be the very first DeFi application propelled by the liquidity of assets at stake. Thanks to IXP users will be able to stake and trade their assets at the same time.

Website | Twitter | Telegram | Github | Blog

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