CSP DAO invests in Konomi Network
We are proud to announce Konomi Network as an addition to our portfolio.
Konomi is a decentralised liquidity and money market protocol for cross-chain crypto assets. Using Substrate as the development framework, the network aims to provide money markets for assets in the Polkadot ecosystem. Konomi also issues its native network token in order to kick start liquidity and decentralised governance for its chain.
-Borrow and Lend: A decentralised money market protocol for users to borrow and lend assets. The protocol is pool-based and it would support assets on parachains when the network is live. Users could deposit assets to the lending pool and earn interest based on the demand side of the platform. Similarly, the protocol also supports over-collateralized debt positions for users that want to borrow assets. Price data will be ultimately acquired through using off-chain workers to ensure that the lending pool is always secure from liquidation risks.
-Asset Management: Konomi is an open platform for deploying smart contracts on the Polkadot ecosystem. We aim to create a one-stop experience for users to manage their assets in the DOT ecosystem including trading, lending, derivatives and so on.
-Cross-Chain Liquidity: Smart contract based liquidity protocols starting with 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.
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