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Decentralized finance (DeFi) is among the key sectors of the crypto industry. Since the beginning of the DeFi revolution in the mid-2010s, millions of people have benefited from novel trading and investment opportunities unveiled by DeFi platforms. However, despite DeFi tools and opportunities approaching a decade on the market, the sector remains inaccessible to vast cohorts of crypto enthusiasts due to its complicated trading models and clumsy user interfaces.
Kujira (KUJI) is a blockchain platform that has set out to change the status quo by democratizing access to DeFi trading. The platform aims to provide user-friendly interfaces, tools and apps that make DeFi more accessible to beginning traders.
Initially launched as an app on the Terra blockchain, Kujira migrated to its own Layer 1 chain in May 2022, right after the Terra network’s collapse. By now, Kujira’s decentralized application (DApp) ecosystem has grown to offer just about anything that a DeFi user — whether a beginner or a seasoned pro — might ever ask for: token swaps, liquidity mining, cross-chain staking and even a marketplace for trading liquidated collateral.
Key Takeaways:
Kujira’s blockchain is designed to provide easy-to-use tools and DApps to help beginners access a broad assortment of DeFi solutions.
It uses Cosmos SDK, and features a high degree of interoperability with the dozens of blockchains within the wider Cosmos ecosystem.
Kujira offers a decentralized ecosystem of DeFi apps for both beginning and seasoned traders, including innovative solutions such as liquidated collateral trading and a centralized portal for cross-chain staking.