Tomb-inspired Finance Company Kitty Finance Projected to Reach Over $50,000,000 TVL Over the Next 30 Days. -Breaking
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Kitty Finance, a Tomb-inspired Finance company, Expects to Hit Over $50,000,000 TVL in the Next 30 Days.Kittyfinance.io is a multi-token protocol that consists of three tokens: $KITTY, $CAT (Kitty shares), and $SKITTY (Sleepy Kitty – Kitty Finance Bonds). Kitty’s peg to Matic and AVAX gives it more flexibility than other algorithms. To sustain the peg over time, Kitty’s founders have also been committed to developing new uses cases and enhancing functionality.
Announcement: First ever algorithmic stablecoin for the Polygon and Tomb Finance networks. Fans of Tomb Finance and anyone looking to invest early on a new project–here’s your chance. Kitty Finance will be expanding the Tomb model into AVAX/Matic to increase liquidity and user case development.
Tomb was the inspiration behind Kitty. In just three months, Tomb has reached a total value locked TVL (Total Value Locked) in excess of $800,000,000. Based on Tomb’s success, Kitty is projected to reach over $50,000,000 TVL over the next 30 days. At only 7 days old, Kitty’s value is super high and it will be a while before it pegs and reaches 1 AVAX. Potential investors will be pleased to know that both KITTY-AVAX LP as well as CAT-AVAX LP currently have 14% APR.
Devesh Gupta, a Kitty Advisor and Community Leader (known in the community as “Fireydev”) says that the best way for kitty to make money is:
- To earn $CAT Rewards, buy $KITTY. Pair it with $AVAX.
- You can earn inflationary $KITTY rewards by taking your $CAT reward and staking them in NURSERY.
- Half of the $KITTY you have earned can be sold for $AVAX and combined with it, make it into the KITTY – AVAX LP.
- Profit!
Gupta says, “We just have so much respect for what Tomb did over on Fantom network. We are so grateful for the open-source work of their team to bring this model to Avalanche & Polygon, and provide investors with this opportunity. Kitty Finance has got huge plans.”
The new and improved UI Designs, and UX will be part of these plans. To increase their liquidity and expand their reach, Kitty Creators plan to cross-chain. They’ll also be entering the NFT space with Cute Kitties and Kittens Limited.
Kitty intends to combat the challenges of the past algorithms by increasing the utility of the tokens it holds through arcade games and collaborations with other projects. Kitty is also looking to work with vaults that offer high rates of return. Kitty will also partner with other vaults to continue providing high APR.
Kitty encourages interested investors to join them Telegram or Discord and receive the most up-to-date announcements, which are coming out lightning quick:
Website| Twitter| Github| Telegram| Discord| Docs.
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