Kylix Finance

Kylix Finance is a multi-chain decentralised protocol specialising in collateralised interest rate products for DeFi. It provides a cross-chain UX and bridge-less architecture to enable multi-chain variable rate lending/borrowing liquidity using isolated loan pools with algorithmic risk management and collateral scoring.

Addressing liquidity fragmentation and weak integration between blockchains, the protocol aims to provide a TradFi-style central lending abstraction on the blockchain to aggregate different blockchain networks.

Using an innovative protocol design, Kylix acts as a liquidity hub for cross-chain transactions, registering and managing the settlement of cross-chain assets. Everything is recorded on the Kylix blockchain, which acts as a multi-chain ledger.

Kylix uses a wide range of bridging technologies internally and provides a decentralised solution that allows users to act as lenders, borrowers or liquidators of multi-chain assets (including Solana, Polkadot, Ethereum, SUI, SEI, MintLayer) with a unified interface.

Kylix Finance offers unique features in the DeFi market such as self-repaying loans, a collateral liquidation marketplace, innovative interest rates and an automated treasury to reward lenders as liquidity providers.

The KLX token is a utility token managed by the treasury and derived from borrowers and liquidation fees. A portion of the KLX token treasury is automatically burned, creating deflationary pressure on the network as loan volume increases.