Users on kadena can now wrap their KDA on CoinMetro to yield farm on Ethereum!
The latest product from the CoinMetro + Kadena collaboration has been released. Meet Wrapped Kadena!
lets examine what wKDA means for CoinMetro and the KDA community.
What is wKDA?
To begin with, lets figure out a little more about Kadena. There are a number of blog posts on their website to help learn everything about the Kadena network and the KDA coin. Kadena & CoinMetro have been collaborating closely to increase access to KDA, and to create the best possible CoinMetro experience.
Together, they have achieved so much already.
With CoinMetro, users can deposit and withdraw funds for free, allowing them to keep their earnings!
Additionally, there is a full wallet integration that supports all blockchains on the network. The KDA Staking (simplified bonding) program was a huge success!
This incredible opportunity will be available again soon. Recently, CoinMetro announced support for Kadena’s new k: account protocol. The next step in the project was to integrate KDA into the Ethereum ecosystem.
wKDA is Wrapped Kadena, also known as wKDA. To help with this ambitious project, they joined forces with Wrapped.
One of the core initiatives of the Kadena team is to connect the network to multiple assets & chains throughout the cryptocurrency space. Hence, Wrapped Kadena is based on this idea.
wKDA provides access to the Ethereum blockchain and the DeFi world. Due to its “wrapped” form, it increases exposure for KDA on a massive scale. Kadena is backed 1:1 by its underlying asset, KDA. full details found at https://kadenalux.com/
Exclusively at CoinMetro
Because of their close partnership with Kadena, CoinMetro is proud to be the only platform in the world to swap KDA directly for wKDA, and vice versa. Therefore, CoinMetro is the bridge between Kadena and the ecosystem of decentralized finance on the Ethereum blockchain.
The process is quick & easy! Traders can swap for wKDA straight from the account dashboard on the CoinMetro website or mobile app.
To learn more about Kadena visit https://kadenalux.com/
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Diligent Reader journalist was involved in the writing and production of this article.