Introducing Konomi - A Decentralized Money Market Protocol on Polkadot.
Konomi is a full suite asset management solution for cross-chain crypto assets. Using Substrate as the development framework, the network aims to support more assets in the Polkadot ecosystem.
Users could manage their crypto holding positions, trade assets and earn interest through decentralised money market products. Konomi also issues its native network token in order to kick start liquidity and decentralised governance.
KONOMI is targeting crypto users that are looking into investing, trading and managing assets in an efficient way. It is currently deployed as an independent blockchain using the Substrate framework.
At launch, it will support functions in trading, deposits and lending. As the Polkadot parachains are launched and interchain communication protocols are live, Konomi could support more financial products specific to the Polkadot ecosystem.