Kin Newsletter April 2021

Written by: Matt Hannam

Director at the Kin Foundation

April 13, 2021

This past month,  we announced three apps are joining the Kin Ecosystem – Kreechures, Fiyer, and Perk.Exchange.

Kin continued its expansion across the Solana blockchain ecosystem.   The Kin Foundation worked with the Raydium team to enable the Kin/Ray fusion pool which includes dual yield incentives for liquidity providers.  The fusion pool provides liquidity to the Serum DEX and is a key component in driving ecosystem-wide liquidity across the Solana blockchain and enabling projects, like Kin, to grow.   As of writing, more than 11 billion Kin have been added to the fusion pool.   This is a fantastic achievement by our community members, who are at the forefront of exploring a new frontier for Kin and DeFi.  

Elsewhere in the Solana blockchain ecosystem, Kin is now available on Orca.  Orca is a new DEX recently launched on the Solana blockchain and is priding itself on fast and nearly-free transactions.   It has some cool features such as fair price indicator, trade aggregator and UX improvements over typical AMMs, which they have covered nicely over on their launch announcement.

Have you heard that Kin is the word? As Kin continues to grow,  so do the technical needs of the Kin Foundation.  If you are interested to help drive the growth and adoption of Kin,  we have three new positions available so if this is you then head over to our Careers page and apply.

We are also seeking community input on our upcoming bounty program.  The bounty program will be one-off Kin rewards for developers and community members to achieve specific bounties.  If you have a bounty reward in mind that the Kin ecosystem would benefit from, then fill out this submission form and we will look into it. 

Finally, if you’re looking to dive a little deeper into the workings of the Kin ecosystem or perhaps you are after some Kin bedtime reading material, then check out the reports we published this month: the Kin Developer Report (March 2021) and Kin Rewards Engine Performance Report (Q1 2021).

Please do not forget to follow us on our new Instagram and Facebook pages. 

We always appreciate the support of our Kin community but we wanted to write a specific thank you to the efforts the community made this month to spread the word about Kin across social media as this is having a positive impact on the project and generating new interest.  We also thank those who got CoinGecko’s attention to update the details about Kin on their website.   Thanks for your continued support!

For more information on all of these developments and more, continue reading this month’s newsletter:

Contents

  • Three New Apps Join the Kin Ecosystem
  • Kin Goes DeFi: Kin Liquidity Pools and Yield Farming Launch on Raydium
  • Kin is now available on Orca
  • Interested to work for the Kin Foundation?
  • Send in your bounty ideas
  • Our latest reports
  • Follow us on Instagram and Facebook 

Three New Apps Join the Kin Ecosystem

The Kin Foundation is excited to announce three upcoming mobile and web apps will be joining the Kin Ecosystem with brand new uses cases for Kin.

Kreechures

Kreechures is a new web game that allows users to collect, breed, trade, train, and battle unique monsters. Kin will be used to buy in-game items, breed, and purchase Kreechures from other players. Kreechures are NFTs that live on the Solana blockchain, and have already begun minting. After “Gen-0” is gone, the only way to get new Kreechures will by breeding them or buying them from other players. Make sure to get yours before they’re gone!

Fiyer

Fiyer is a social app that allows influencers to market products to their followers. Their mission is to create and establish a global platform where content has true value. By emphasizing good content, everyone has the same chance of succeeding on the Fiyer platform. To learn more about Fiyer and sign up for updates, you can visit their website here.

Perk.Exchange

Perk.Exchange is a rewards marketplace that allows users to earn Kin as they complete tasks daily, weekly, or monthly. This new web experience lets you earn while you surf the web on your favorite sites and platforms! To learn more about Perk.Exchange, visit their website here.

To learn more about these apps and why they chose KIN, see the official announcement here: https://kin.org/3-new-apps-join-the-kin-ecosystem/


Kin Goes DeFi: Kin Liquidity Pools and Yield Farming Launch on Raydium

Thanks to popular community demand, the Kin Foundation has worked with Raydium to enable a new utility for Kin holders — decentralized finance applications. Kin and Ray holders can add their tokens to a Fusion Pool to provide liquidity via the Serum DEX. In return, liquidity providers will receive trading fees in addition to dual yield incentives paid in both KIN and RAY. 

Since launch, the liquidity pool continues to grow with more than 11 Billion KIN now added to the pool.

Learn more the Kin Liquidity Pool at this link:
https://kin.org/kin-raydium-launch/


Kin is Now Available on Orca


Orca is a new DEX recently launched on the Solana blockchain, which prides itself on a user-friendly interface and fast, low-cost transactions.   It has some cool features such as fair price indicator, trade aggregator, and UX improvements over typical AMMs.

To learn more about Orca, read their launch post:
https://orca-so.medium.com/orca-the-dex-for-people-not-programs-dc35b646feb9

To swap KIN on Orca, go to their website:
https://www.orca.so/


Interested to work for the Kin Foundation?

The Kin Foundation is hiring for three new roles.  If you are interested to help drive the growth and adoption of Kin, we have new positions available for:

  • Lead Developer (Front-End)
  • Lead Developer (Back-End)
  • Developer Advocate and Technical Program Manager

To learn more about these positions and to apply check out our Careers page:
https://kin.org/careers/

Please share with any of your contacts that may also be interested. 


Send in Your Bounty Ideas

The Kin Foundation will launch a bounty program which will offer one-off Kin rewards for developers and community members to achieve specific objectives.   Bounty rewards may be technical in nature to be completed by developers, or they can be community focused, such as completing tasks related to design, marketing, or other non-technical projects.  If you have a bounty in mind that you would like to see in the Kin Ecosystem or that the Kin Community would benefit from, then fill out this submission form and we will consider offering it. 


Our Latest Reports


Take a deeper dive into the workings of the Kin ecosystem by reading our latest reports published this month:

Kin Rewards Engine Performance Report (Q1 2021)
The Kin Rewards Engine or “KRE” is an algorithmic mechanism that allows apps and services to earn rewards for integrating and driving adoption of the Kin cryptocurrency. In this report, the Kin Foundation analyzes the way that Kin Rewards Engine 3.0 has affected developer and user behavior, its impact on the Kin Economy, and some best practices that we have been able to glean as a result.  Read the KRE Performance Report at the link:
https://kin.org/kre-performance-report-q1-2021/

Kin Developer Report – March 2021
Stay up to date on the latest activities in the Kin Developer Ecosystem with our monthly report:
https://kin.org/kin-developer-report-march-2021/


Follow us on Instagram and Facebook

Please do not forget to follow us on our new Instagram and Facebook pages!


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