When DeFi meets DeFi — Unlocking Kaspa’s full potential with Chainge

Chainge
3 min readMar 13, 2023

Empowering a decentralized web3:

Kaspa is the world’s first blockDAG — a digital ledger enabling parallel blocks and instant transaction confirmation — built on a robust proof-of-work engine with rapid single-second block intervals. GHOSTDAG, unlike traditional blockchains, does not neglect parallel blocks. Instead, it allows them to coexist & orders them in consensus. Kaspa is currently the fastest, open-source, decentralized & fully scalable Layer-1 on the market. The project has no central governance or business model. That means it is community-based, decentralized, and open-sourced.

However, to fully leverage the power of Kaspa, users need a reliable and user-friendly wallet that can help them store, swap, and transact $KAS seamlessly. This is where Chainge comes in.

Chainge, as a next-gen cross-chain DeFi wallet, enables users to manage their crypto assets in a secure and convenient way. With its intuitive interface and advanced features, Chainge has become a one-stop-shop DeFi platform that stands as the most liquid cross-chain aggregated DEX on the market. Recently, Chainge has integrated KAS, allowing KAS users to access a range of functionalities that were previously unavailable to them.

Here are some of the key functionalities of $KAS in the Chainge app:

  • Secure Self-Custodial Wallet

One of the main advantages of the Chainge app is that users can store KAS in a secure self-custodial wallet. In expert mode, users own their seed-phrase and can import it in other self-custodial wallets whenever they want. This provides a higher level of security and gives users full control over their funds. With Chainge, users can store their KAS with peace of mind, knowing that their assets are always safe and accessible.

  • Instant Swaps

Chainge also offers users the ability to swap KAS in the Chainge Cross-chain aggregated DEX. This means that users can swap their KAS for other cryptocurrencies or tokens with ease, without having to leave the app. The swap is dependent on liquidity, so users can be assured of getting the best rates possible. This feature is especially useful for traders who need to quickly exchange KAS for other assets.

  • Send/Receive KAS

Sending and receiving KAS is now easier than ever, thanks to the integration of KAS in the Chainge app. Users can send and receive KAS via wallet address, phone number, or Twitter handle. This makes it convenient for users to transact KAS with friends, family, or business partners.

  • Decentralized Escrow Module

Chainge also offers a decentralized escrow module that enables users to buy goods, services, or crypto OTC in a secure and trustless manner. This is particularly useful for users who want to transact with strangers or in a peer-to-peer setting. The escrow module ensures that the transaction is completed only when both parties fulfill their obligations. This provides an added layer of security and helps to prevent scams or fraud.

In conclusion, the integration of KAS in the Chainge app is a game-changer for KAS users and a significant leap to a truly decentralized web3. With the Chainge app, KAS users can now access a range of decentralized functionalities, including a secure self-custodial wallet, instant swaps, easy send/receive, and a decentralized escrow module.

The Chainge app is the perfect complement to KAS, allowing users to unlock the full potential of this amazingly powerful blockchain platform. Whether you’re a trader, a business owner, or a casual user, the Chainge app is now the best way to manage your KAS assets.

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