Fight your collectible CryptoKitties win tokens & ETH then buy more cute furry #cryptokitties NFT in the real- time dapp fighting game
KittiFIGHT: An Innovative Protocol in DeFi KittieFIGHT is a decentralized gaming application backed by a DeFi lending protocol. The gaming application is mortal combat between kittie characters, that are integrated from the Cryptokitties platform. Through the lending protocol, winners are awarded ETH and KTY tokens, native to the KittieFIGHT platform, after each combat fight.
KittieFIGHT Lending Protocol The amount of ETH contributed by each lender goes into the ‘Endowment Fund Contract’ or treasury. This open-source bank is decentralized and entirely governed by the users of the platform. The fund is operated and managed through the functionality of smart contracts. Lenders can deposit ETH cryptocurrency into the Endowment Fund.
The funds are then utilized as jackpot incentives. Once the fund increases by 10X its value, the game is ended. The rewards are distributed to winners as well as lenders. Further, lenders can expect a yield of anywhere between 20-70% depending upon their initial commitment.
How Does It Work? The lender has to lock ETH funds in the KittieFIGHT protocol’s endowment fund for a minimum duration of a week. In return, the KittieFIGHT protocol enables the lender to generate an Ethie CDP. The endowment fund holds the collective amount of Ether tokens lent by each user throughout the week. After a week on the ‘rest day’, lenders can burn Ethie CDP to redeem compound interest as well as the initial capital of Ether.
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Categories: Blockchain, Cryptocurrencies, DApps