Konomi

Konomi

KONO

A decentralised money market on Polkadot

Current price

$0.68

Konomi Chart

Project Introduction:

KONOMI is targeting crypto users that are looking into investing, trading and managing assets in an efficient way. It is currently deployed as an independent blockchain using the Substrate framework. At launch, it will support functions in trading, deposits and lending. As the Polkadot parachains are launched and that interchain communication protocols are live, Konomi could support more financial products specific to the Polkadot ecosystem.

 

Key Features & Highlights:

Polkadots has more application scenarios which are different from Ethereum in terms of governance and parachain auctions due to its better base layer performance. The vision of Konomi at the beginning of its establishment was to enable financial applications on Ethereum to seamlessly connect to the Polkadot ecosystem, and to provide the users with a complete asset management experience — from liquidity protocols, to lending market, as well as the management of ecosystem assets. 

 

Konomi Trade

Konomi Trade allows users to access liquidity for assets in the Polkadot ecosystem. It supports smart contract based liquidity protocols starting with constant product automated market makers. Users could connect decentralised wallets to the protocol and trade with immediate on-chain execution. Since the platform is decentralised, users could trade long-tail assets without any restrictions.

 

Konomi Lend

Konomi Lend is a decentralised money market protocol for users to borrow and lend assets. The product is currently based on a collateralized debt position model. It is an important milestone for crypto assets to have compound interest and this feature could incentivise users to hold the assets. DOT will be first supported as the default collateral, since it is the native currency in the ecosystem. As the parachain and para-thread auction is launched, there will be more room for innovation in financial products since projects will need to bid for DOT supporters in order to share the consensus in the Polkadot ecosystem. Komoni Lend also has the capacity to become an alternative solution for projects to raise DOT in exchange for their project tokens. For example, projects could accept DOT as a collateral to borrow the native tokens issued by new projects and receive interests.

 

Konomi Wallet

Konomi Wallet helps to aggregate user positions in decentralised wallets and to manage the active positions in the different protocols. Just as a banking customer would find it troublesome to have several banks at the same time, it is difficult for non-professional users to keep track of positions in different DeFi protocols. It complements Konomi Trade and Konomi Bank to give users the one-stop experience to manage assets on DOT.

 



Key Metrics

Market Cap:
$20,090,587
24h Volume:
$813,983
All time high:
$7.0
All time low:
$0.23

Token Allocation

Token Circulation

Total supply
100,000,000
Cir. supply
29,689,113

Investors