In the digital era of traditional finance, asset transfers have become seamless, allowing millions of dollars to move with a single click. However, this convenience introduces risks due to third-party involvement. These transactions often rely on escrow services, pre-funding, and complex smart contracts, increasing vulnerabilities related to security breaches, fraud, and operational inefficiencies. Kima Network introduced delivery versus payment (DvP) and payment versus payment (PvP) transactions to counter these issues. This innovation not only reduces risk but also eliminates the need for smart contracts as well as third parties.

What is Kima Network?

Kima Network is a decentralized, blockchain-based, cross-ecosystem money transfer protocol enabling secure TradFi/DeFi interoperability without smart contracts. It consists of a blockchain and a toolkit that allows the seamless transfer of assets between different protocols and platforms. Kima’s vision is to drive mass adoption of DeFi by Web2 users while enhancing the experience for seasoned Web3 users by applying two distinct solutions: security and infrastructure. The Kima security feature protects users from all known attacks by not relying on any external sources, such as smart contracts, oracles or external relayers. On the other hand, Kima infrastructure accelerates the creation of secure omnichain applications, tackling interoperability problems without causing additional liquidity fragmentation.

Background of Kima Network

Kima Network is a financial services provider founded in 2021 in Israel. It has conducted two funding rounds and collected a total of six million dollars from various investors such as Finsec Innovation Lab by Mastercard, Blockchange, Permanent Ventures, Big Brain Holdings, Outlier Ventures, Anti Capital, DEXT Force, OXbull, Founderheads, WAGMI, X21, ChainGPT Labs, Maven, Halvings Capital, Kangaroo Capital, Castrum, WallStreetBets VC, Blokhash, Yay Network, GAINS, DexCheck, CoinX, DCI Capital, Altcoin Buzz, IBC Group, Alpha Capital, Coinvestor, HVS, Spicy Capital, Spores, Ferrum Network, Decubate Ventures, MH Ventures and more.

Kima Network emphasizes transparency by sharing information about its leadership and advisory board, showcasing expertise to build user trust. Kima Network team includes:

• Eitan Katz, co-founder & CEO: Former corporate tech leader at HP and BMC, Katz pivoted to crypto in 2014 with Aegis, one of the first hardware wallets.
• Guy Vider, co-founder & CTO: Over 25 years of tech leadership, developing solutions for startups and consulting for Fortune 500 companies. Fintech, blockchain, and security industries veteran, an expert in computer science and mathematics.
• Tzahi Kanza, Co-founder & COO: Blockchain innovator since 2013, founder of Titanium Technologies, FutureBlock Ventures, and more. A serial entrepreneur with successful exits holds diverse knowledge in law, economics, and business education.
• Dan Scheinmann, CPO: 20 years of experience in financial markets and has held various roles with top-tier investment banks and asset managers, responsible for conceiving and implementing emerging products and platforms at JP Morgan, UBS, Standard Life Investment, and, most recently, Bank Leumi.
• Wael Shama: Over 10 years of tech and Web3 experience, led blockchain development for various EU banks, merges entrepreneurial spirit with corporate proficiency.
• Tomer Warschauer Nuni, CMO/CBDO: Over 20 years of digital marketing expertise focusing on Web3 since 2017. Serial entrepreneur with successful exits, writer at Forbes and Cointelegraph, and Forbes Business Development Council member.

Features of Kima Network

• Universal Payment: Send and receive payment across multiple currencies and platforms. Its value transfer capability is engineered to integrate traditional financial systems with cutting-edge blockchain technologies, creating a unified, efficient, and versatile payment network.
• Liquidity Management: Financial platforms can access Kima liquidity across multiple assets and networks, including fiat and unsupported currencies.
• High Security: Kima can identify and eliminate the all-known attack, such as flash loan attacks, cross-chain protocol exploits, or smart contract exploitation.
• Unchained Interoperability: It securely and directly provides connectivity between centralized and decentralized financial systems by offering API/SDK.
• On Ramp Functionalities: Kima offers a solution to the challenges of lacking integrated fiat-crypto gateways. By providing a direct 1:1 value exchange through its API, Kima eliminates the need for centralized, risky entities like exchanges.
• Extensive Blockchain Support: It supports almost all popular blockchains like Solana, Base, Optimism and many more.

Kima Network Hub

Kima Hub is a centralized platform for managing all activities within the Kima ecosystem. It simplifies user interactions and provides seamless access to tools such as Explorer, Bridge, Delegate, and Earn.

Kima Explorer

The Kima Explorer provides real-time insights into the Kima Network’s blockchain activity, including transactions, blocks, wallet interactions, and data tracking. Using Explorer, anyone can trace any activity on the Kima blockchain. Explorers can help users see the history of a particular token before investing, giving its insights into its past activity and potential risks.

Delegate

Users can use their KIMA token to select a validator and assign their voting power to another address without transferring ownership. Validators help secure the Kima blockchain; in return, users will get 28% APY on the delegated amount. The validator also shares a portion of the corresponding rewards with each delegator while taking a percentage of the rewards for being the delegate. Each validator can adjust the commission percentage to incentivize more participants to become delegators.

Claim

The Kima Claim portal allows users to claim rewards or tokens associated with the Kima Network.

Kima Bridge

Bridge allows users to transfer KIMA tokens between the Kima blockchain and Ethereum-based networks, allowing cross-chain use in DeFi, staking, and trading. This ensures low-cost transfers and expands KIMA token utility across ecosystems.

Earn

The Kima Staking allows users to stake KIMA tokens, view staked pools, manage rewards, and monitor total value locked (TVL). Users can connect their wallets to participate in staking. At this time, the KIMA/USDT pool is available, giving 99.3% APY on a one-day lock term.

Use Cases of Kima Network

The key use cases of Kima Network include:

Atomic Swap

Using Kima Network atomic swaps, anyone can directly exchange cryptocurrencies between different blockchains without intermediaries, while its DvP (Delivery versus Payment) allows for the settlement of any type of asset on any ecosystem, including fiat from bank accounts.

Fiat-to-Crypto Transactions

Kima Network supports cross-chain settlement that transfers crypto-to-fiat on any blockchain. Its cross-chain settlement engine simplifies conversions, manages liquidity efficiently, and provides a scalable, secure business solution. This use case can help cooperatives and businesses transfer payments to their employees without worrying about payment gateways.

Blockchain Wallets

Kima’s cross-chain settlement engine simplifies wallet transactions, eliminating the need for complex integrations. Whether a developer is developing a new blockchain wallet or enhancing an existing one, Kima provides a reliable, secure, and scalable payment solution to streamline operations and enhance the user experience.

DeFi

Kima’s cross-chain settlement and its fiat-to-crypto and crypto-to-fiat transfer capability make it a reliable, secure, and scalable solution for DeFi protocols.

Crypto Gaming

Aside from DeFi, Kima also provides solutions for GameFi, ensuring secure, fast, and cost-effective in-game transactions, NFT trades, and reward distributions across multiple blockchain networks.

NFT Marketplaces

Kima’s fulfills the unique requirement to build NFT marketplaces. It handles seamless cryptocurrency payments across multiple blockchains, so users can easily buy and sell NFTs.

Lima: Kima Network’s AI Agent

Lima (Liquidity Management Algorithm) is an AI assistant powered by Kima Network. It functions as a real-time search engine, tracking blockchain activity to assist users, liquidity providers, and DeFi participants navigate complex blockchain dynamics. The AI is already working as a bot on X (and soon on Telegram) and delivering instant, actionable insights, bringing real-time liquidity research and data analysis directly to users fingertips. By leveraging Lima’s capabilities, Kima Network aims to enhance liquidity efficiency, drive adoption, and create a seamless user experience for cross-chain transactions. As of now, the key features of Lima on X and Telegram are as follows:

• Liquidity Monitoring: Lima scans multiple blockchains 24/7 and notifies users about liquidity pool efficiencies that can be profitable or have arbitrage opportunities.
• Risk Alert: Beside the profit alert, it also provides any emerging alert liquidity drain, impermanent loss, or smart contract vulnerabilities.
• Track New Opportunity. Lima scans for new liquidity trends or other market conditions that maximize users’ portfolios.
• User Empowerment: Lima democratizes access to liquidity data and analysis, empowering users of all levels to make data-driven decisions.
• To interact with Lima, visit @AIAgentLima on X.

Audits on Kima Network

Kima has been audited three times by Certik, Cyberscope, and Halborn. The audit investigates security issues, business logic concerns, and potential improvements. No critical issues or compiler errors were detected, underscoring the platform’s commitment to user safety and system integrity. Although no major issue was found, but Certik and Cyberscop highlighted some centralized issues that contract owners can access some admin functions that cannot be used maliciously to disturb the users’ transactions.

What is the KIMA token?

KIMA is a utility native token of the Kima ecosystem on the Arbitrum chain. The KIMA token plays a central role in the ecosystem, serving multiple purposes such as transaction fees, participating in network security through staking and payment transactions, and functioning as a governance token, enabling holders to vote on crucial matters. Its utility is intricately crafted to expand alongside the Kima platform, driving up demand as adoption increases.

The KIMA token has a total supply of 210 million, distributed across categories like foundation (26.9%), seed (12.6%), development fund (10%), advisors (10%), and others with a vesting schedule that unlocks tokens gradually.

Kima Network Governance

Kima Network’s governance is on-chain and off-chain, enabling users to propose and vote on changes like parameter adjustments, fund allocations, and signaling through text proposals. The governance processing is done by submitting a draft proposal, which requires users to hold a minimum of 10,000 KIMA tokens for a maximum of 14 days, and other community members have seven days to vote on the proposal. There are currently several types of proposals supported by Kima:

• Text: Proposal to agree to a certain strategy, plan, commitment, future upgrade, or other statement. Text proposals do not directly cause any changes, but they can be used to take a record of the community’s opinion or commitment to a future idea.
• Community Pool Spend: Proposal to spend funds from the community pool on a project
• Parameter Change: Proposal to change a core on-chain parameter.
• Software Upgrade: Proposal to upgrade the chain version.

Conclusion

To connect Web2 and Web3, Kima provides a broader financial space. With a settlement layer supporting multi-ecosystem payments, peer-to-peer commerce, CeFi/DeFi services, cross-chain DEX swaps, and omnichannel wallets, Kima provides a seamless way to connect fiat and crypto while focusing on security and accessibility.