Kinza Finance Airdrop_Following Development + Analysis
This article is mainly about chatting with my friends about the Kinza airdrop introduced in the first half of the year.
Kinza was originally scheduled to issue the token KZA in March this year. However, after the subsequent announcement was postponed, there was no new information on the token issuance, and the overall TVL of the agreement has also dropped from the original second largest agreement in BSC to the eleventh today (according to DefiLlama data information), it can be said that a good hand of cards has been played away!
Letâs first review Kinzaâs original advantages and narrative:
1.Binance Labs MVB plan cultivated
2. The token airdrop date is clear and can be harvested in the short term
3. Catching up with the airdrop craze, a large number of airdrop hunters participate in the agreement, increasing the fund utilization rate of its own lending agreement (making the APY interest rate soar)
Letâs take a look at Kinza today:
1. Token issuance is postponed indefinitely and the roadmap will not be updated.
2. TVL is in avalanche decline, protocol users are scarce, APY interest rate cannot attract new users, and there is a negative cycle
3. Many currencies can only be deposited and cannot be borrowed (is this still called a lending agreement?)
4. The community activity is low, and most responses are provided by community volunteers/mods, and the teamâs own participation is low.
5. Supports more chains, but no one deposits, and the official does not provide basic liquidity.
6. The KZA pledge interest rate will no longer be updated and remains at 4.5%.
To sum up, I guess the Kinza team should be a small team with slow development speed and less experience in handling the overall development of the protocol.
At the same time, the protocol may not have the funds to support its listing on mainstream exchanges to provide trading pair liquidity, so it has been unable to issue airdrops and issue tokens.
Summarize:
I would recommend that partners withdraw funds from Kinza and participate in other LRT and LST ecological protocols which are more cost-effective and can ambush potential airdrops (you can refer to Karak or Methamorphosis, etc. I introduced previously).
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â» The above content is purely personal sharing and is not sponsored. It does not constitute investment advice. Once again, I would like to remind you that participating in decentralized finance (defi) has its risks. Users are asked to DYOR and evaluate their own personal risks.
