Cryptopedia - Joule
Kinetic operates as a lending protocol on the Flare Network, utilizing FTSO (Flare Time Series Oracle), FAssets, and LayerCake technology. By leveraging Flare’s FTSO and FAssets, Kinetic provides users with a secure, decentralized way to use the value of non-native assets such as BTC, DOGE, and XRP. The FTSO delivers precise, decentralized price data, while FAssets allow non-native tokens to be represented on the Flare Network, thereby expanding the range of assets available for borrowing and lending.
