Kunji Finance is a decentralized platform built on Arbitrum that connects asset managers with liquidity providers, allowing them to leverage their skills with access to further capital while generating trading-based profit opportunities for capital providers. The platform has announced the collaboration with the leading decentralized exchange on Arbitrum, GMX, along with MUX Protocol and KyberSwap Aggregator.
With this integration, Kunji Finance provides its asset managers access to the derivative markets that allow asset managers to manage risk against adverse market movements with long and short positions and generate higher returns. Moreover, GMX integration expands the market reach and trading prospects within Kunji while adhering to decentralization and trustlessness principles.
Kunji Finance is going to introduce strategies with both long and short positions in a non-custodial manner. For this, the protocol is integrated with spot and derivative decentralized exchanges. MUX integration will help Kunji asset managers to trade on derivative markets. Derivatives trading will open up multiple opportunities to investors with Kunji Finance investment strategies that include hedge against risk and access to new markets.
“It’s great to see another group of dedicated builders integrate with GMX’s exchange architecture. The users of Kunji’s decentralized asset management platform will have access to more markets and deeper liquidity as a result of it. I’d like to thank the Kunji team for collaborating with GMX, and hope their users sincerely enjoy the optimized trading experience!” — Jonezee, Communication Contributor of GMX, said.
Commenting on the collaboration, Anurag Dixit, founder of Kunji Finance, added, “This collaboration means a lot to us as not only GMX is the largest DEX on Arbitrum, it has a unique business model that will add significant value to users on Kunji platform. With GMX integration, asset managers on Kunji would be able to provide scalable bi-directional strategies that are missing in current decentralized asset management platforms.”
Kunji Finance has also announced a partnership with MUX Protocol and KyberSwap. The platform has integrated with the MUX protocol providing asset managers access to the derivative markets on the Arbitrum chain. They have integrated MUX Leverage Trading Protocol and MUX Leverage Trading Aggregator into the platform.
The integration with KyberSwap will help Kunji’s asset managers to swap tokens seamlessly and at better prices with KyberSwap’s Aggregator, which connects users and applications to broken liquidity across decentralized exchanges.
With multiple decentralized exchange integrations, Kunji Finance is offering a seamless platform for both asset managers and investors. Before the partnership announcement, they concluded their early adopter program ahead of schedule with 25K wallets that minted yKNJ (early adopter token). As per the updates in the community, the platform is going to be live soon.
