Wombat and iZUMi Launch DEX to Strengthen Kaia Defi Ecosystem

The Kaia Foundation is operating the Dragon DeFi Initiative (D2I) program for a new brand of Kaia Chain through integration with Klaytn and Finschia to strengthen the DeFi ecosystem. As part of the D2I program, iZUMi and Wobmat have respectively launched KaiaSwap and Capybara, two DEXs. KaiaSwap uses a unique DLAMM model to provide high capital efficiency, while Capybara is a new DEX that combines user-friendly issuance platforms and stable exchange mechanisms. In addition, Kaia Chain will enhance on-chain data analysis and visualization through integration with Flipside. The Kaia Foundation aims to optimize the liquidity of the DeFi ecosystem, attract more partners to join, build a strong financial infrastructure, and promote synergy between DApps. It is reported that the Kaia Foundation and Kaia Chain are the names determined by the new brand "Kaia" of the integrated foundation of Klaytn and Finschia.