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Kryptonite (seilor)

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What is the project about? Kryptonite is a core pillar project of Sei Network. It's the premier LSD product of Sei and built to supercharge LSDfi. It has built-in functions for SEI lending and collateralized stablecoin minting. And enables users to enhance their staking strategies by providing them with access to liquidity normally locked within their staked assets. What makes your project unique? 1 of 6 projects to participate in Sei's incentivized testnet. With over 50,000 testnet users. We've fully integrated into Sei's ecosystem as a core pillar project in DeFi. History of your project Started in late 2022 as a simple Anchor fork but have built it out more to give more use case to LSDs and capital efficiency. What’s next for your project? Sei mainnet launch in August. Along with our token launch. Currently undergoing an audit with Halborn and will be releasing full product in Q3. What can your token be used for? Unlocking staking and yield boosts. Governance and voting. Priority product access. Special promotions. Additional user engagements and experiences.