A DeFi platform claims to offer the first artificial intelligence yield farming aggregator to work across Binance Smart Chain and Solana.
KingDeFi has adopted a medieval theme as it interacts with users referred to as “knights”.
The ecosystem aims to take the guesswork out of finding new and exciting opportunities in decentralized finance. Knights can provide liquidity and equity directly from the platform – and an intuitive monitoring feature provides at-a-glance insight into all key protocols running on BSC and Solana.
With one click, users can get automatic suggestions on where to find the best returns, and these recommendations will be adjusted based on the holdings in their wallet. A dashboard also brings together important statistics such as percentage annual yields and the totals locked in each project.
Make DeFi safer
KingDeFi says that all farming contracts that appear on its platform are pre-approved and classified as secure by highly experienced developers, and this helps make rug pulls – a common pitfall in the DeFi space – very unlikely. The technical standards of all projects are rigorously assessed before being listed, with highly regarded and well-known projects given priority access.
The platform’s native KROWN token also underwent a security audit by TechRate, which found no significant issues.
A number of collaborations have already started. One of them is Beefy.finance, a food-themed project that has become one of the most successful on Binance Smart Chain.
A marketing-focused partnership has also been established with WXY as KingDeFi seeks to expand into the Asian market. It is hoped this will ensure the brand is recognized by the project’s target audience and pave the way for support from high profile funds. Regular ask-me-anything sessions are held to answer the questions that matter most to potential users.
In the last two months, the KingDeFi team has been expanded with two highly qualified Solidity developers.
When it comes to the roadmap for the coming months, one of the top priorities focuses on a crowdsale that is scheduled to start on June 14th and last until June 18th.
This will be followed by an initial DEX offering (aka IDO) on June 21, aimed at providing liquidity to PancakeSwap and other major decentralized exchanges on Binance Smart Chain.
In a recent blog post, KingDeFi said, “This is a long-term project and we are looking for investors rather than short-term traders trying to make a few bucks.”
More insights from KingDeFihere
The round table
In keeping with KingDeFi’s distinctive theme, the project recently introduced its top team in the form of “the Knights of the Round Table”.
Inevitably, King Arthur serves as the CEO and founder of the platform. With a background in banking, wealth management and technology, he is based in Switzerland and has over 10 years of experience – having previously worked for the Frankfurt Stock Exchange, KPMG and a number of technology start-ups.
An active Medium page helps users understand some of the complicated terms that can be daunting for those entering the world of DeFi for the first time – it covers some of the most common indicators that investors need to keep an eye on.
As its roadmap evolves and evolves, KingDeFi hopes to be knighted as one of the world’s leading yield farming aggregators – and become a crown jewel of this rapidly evolving space.
Learn more about KingDeFi
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