1KX Protocol

Hybrid of AMM/DEX

1KX protocol has just launched its beta on zkSync 2.0 testnet. 1KX is a hybrid of AMM/DEX, money market, stablecoin and 0 slippage perpetual trading.

Apart from stable Swap, Lending and Borrowing, onchain Leverage Trading, three other salient features of 1KX are:

1. OSD Stable coin, a fully onchain algorithmic stable coin without a peg
2. Single token liquidity provision allows much better capital efficiency & optimized impermanent loss.
3. Revenue Sharing, 1KX shares profit with liquidity providers and 1KX token holders

How to use 1KX?

Add zkSync 2.0 Testnet on Metamask
Network Name: zkSync alpha testnet
New RPC URL: https://zksync2-testnet.zksync.dev/
Chain ID: 280
Currency Symbol(Optional): ETH
Block Explorer URL(Optional): https://zksync2-testnet.zkscan.io/

Then follow the below steps-

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STEP 1
⁃Join 1KX Beta https://beta.1kx.exchange/
-Connect Metamask wallet
⁃Claim Test Tokens

STEP 2
Provide Liquidity to pools
⁃Click Pools
⁃Click New Pool
⁃Select tokens, then add Liquidity
Do this for all available tokens

STEP 3
Borrow
⁃Click Borrow on one of the Pools
⁃Select token for collateral
⁃Select the token you want to borrow
⁃Click Borrow and then Confirm Transactions On Metamask

STEP 4
Trade
⁃Click On Trade and then Swap
⁃Select tokens you want to Swap
⁃Click Swap
⁃Confirm Transactions On Metamask

As of now, the other functionalities of 1KX are being built. Till then, keep using 1KX. Also don’t forget to “Refer A Friend” when referrals are available to be eligible for future airdrop.

Official Links:
Discord: https://discord.com/invite/DMpgp35XBD
Twitter: https://twitter.com/1kxprotocol

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