Kujira is a Layer 1 blockchain built using the Cosmos SDK and Tendermint and created with Ignite CLI. It supports CosmWASM 1.0, offering a secure environment with proven interoperability.
Kujira is committed to building something unique and leveling the playing field in decentralized finance (DeFi). Kujira aims to build decentralized applications (dApps) that are easy and cost-effective to use for everyone, from novice crypto enthusiasts to seasoned retail investors, without needing to risk more than they can afford to lose. In this article, we will explore the key features of Kujira, its mission, and how it works.
Core Features of Kujira
Kujira protocol has three main characteristics: semi-permissioned, incorporates an on-chain scheduler, and provides native token generation.
Semi-Permissioned
Kujira is semi-permissioned, and a contract must be voted in by the community via governance to be accepted on the network. This ensures that the quality, sustainability, and longevity of the network are protected. Kujira aims to be a revenue-generating hub with superior UX that is close-knit. This eliminates meme tokens, scams, or protocols for teams to make a quick profit from unsuspecting investors.
Native Token Generation
Developers of smart contracts no longer need to manage two separate entry points into their contracts, only having to design for a native “denom.” As a result, every token on the network will be a native Cosmos token, and KUJI stakers will earn compensation from liquidation and trading revenues.
Inter-Blockchain Communication (IBC) is the protocol that enables communication between these independent blockchains.
Kujira Ecosystem
- 🌊 ORCA is the first and only public marketplace for liquidated collateral is Island Crypto. It’s no longer just a game for robots. You may now participate in securing your favorite assets while also saving money on them (and earning interest while you wait). Orca allows users to liquidate multiple assets across the whole Cosmos ecosystem in a straightforward way.
- 💰 FIN is Cosmos’ first decentralized, permissionless, 100% on-chain order book-style token exchange that aims to provide a fully decentralized trading experience.
- 🏋️ BOW delivers a better trading experience on FIN by narrowing the price spread, deepening the pool, and sharing fees with liquidity providers to create sustainable yield.
- 🏦 GHOST is Kujira’s money market that allows users to lend and borrow assets, earning interest and securing working liquidity.
- 🚀 PILOT offers a fair and equitable mechanism to launch tokens to the market, configurable to suit the priorities and audience of the launchers.
- 📈 BLUE is the Kujira dashboard, where users can stake KUJI, vote on governance, swap KUJI, bridge to Kujira Network, and claim rewards all in one place.
- 🔍 FINDER is a tool to search for present and historical data on the Kujira blockchain.
Community
Kujira boasts a thriving community with 50K+ active users, engaging in social media platforms such as Twitter, Discord, and Telegram.
Summary
Kujira is a Layer 1 blockchain that is committed to leveling the playing field in decentralized finance by building dApps for regular crypto users. It aims to be a revenue-generating hub with superior UX that is close-knit. Kujira is semi-permissioned, and a contract must be voted in by the community via governance to be accepted on the network. Kujira’s on-chain scheduling allows protocols to be