Kryptonite
Crypto Overview
What is the project about? Kryptonite is a core pillar project of Sei Network. It's the premier LSD product of Sei and built to supercharge LSDfi. It has built-in functions for SEI lending and collateralized stablecoin minting. And enables users to enhance their staking strategies by providing them with access to liquidity normally locked within their staked assets. What makes your project unique? 1 of 6 projects to participate in Sei's incentivized testnet. With over 50,000 testnet users. We've fully integrated into Sei's ecosystem as a core pillar project in DeFi. History of your project Started in late 2022 as a simple Anchor fork but have built it out more to give more use case to LSDs and capital efficiency. What’s next for your project? Sei mainnet launch in August. Along with our token launch. Currently undergoing an audit with Halborn and will be releasing full product in Q3. What can your token be used for? Unlocking staking and yield boosts. Governance and voting. Priority product access. Special promotions. Additional user engagements and experiences.
Crypto Impact
To assign a comfort level investing in Kryptonite from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Kryptonite.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.