Kinetic on Flare: How This Lending Protocol Actually Works (Full Breakdown)

We're back at it again. Deep dive in the Flare ecosystem. Today we're going to be talking about Kinetic. Me and my buddy Blues Guy, a great member of this community, very passionate about the Flare ecosystem. He's got a lot to say and a lot of energy. I hope you guys enjoy this video. Smash the like button, subscribe, and let's get right into it. Welcome to the channel. My name is Blues Guy for Underground Crypto Channel. This is a deep dive into the Flare Network ecosystem. Once again, bringing you to the sauce for this beautiful monster in the making, Flare Network. Today, we're going to talk about Kinetic and how to earn yield by lending your XRP, FXRPF assets or by borrowing them. So, let's get right into it. Gratitude and blessing to everybody on the live. Please like, share,

and subscribe to the channel. Underground crypto is amazing, bringing you deep dives every single day. Raising your IQ [snorts] into the crypto world, my friend. Let's get to it. Let's open the app. Let's assume that you already have connected to flare network and you already add provided to the flare ecosystem by wrapping your flare and then send them to the liquidity pool and then by minting your XRP and converting into FXRP my friend. And now this is the dashboard total supply total borrow primary market ISO market and jewel market. You know that Juul is the kinetic native token. And then we going to dashboard supply. We have not supply. We have not borrow. And there is nothing to claim yet. You have no activities. So let's dig into it. Let's go to supply and borrow. And here you my

friend you can actually go to the primary market and hover here and look what is available. If you own USDC, USDTO, rap eat, flare eat, flare, rap, flare, and USDTO, you can actually supply to the primary market cap. And it he'll tell you the supply APY, it's not much, 0.07, distribution APY, 0.40%, and the collateral factor 70.82 by adding to the supply pool. Then if you go to FXRP USDTO and stake XRP, you can do the same thing here. And then you could supply with a little bit differences in APY. Then you can go to jewel and then click your jewel. Remember if you don't have jewel, you can either go to uh right here to swap and swap the token that you would like to have and start borrowing and supplying. Now, let's go back to supply and

borrow. And that's what it is. Just for the sake of this video, I am going to show you how to supply some flare. And I'm going to go max. And >> hold on a second. Did you smash that like button? Did you subscribe? Do you enjoy these videos? If you did, please make sure you send this to somebody who you know loves crypto and support your boy as I put out more of this content. Also, we do have a link to our free Discord in the description where we hang out when we're not live streaming. And we're live streaming Monday through Friday, 8:30 p.m. New York time, raising your crypto IQ, educating people about what's going on and how crypto works, and also what is trending and staying top of the latest coins and trends. Also, weekends 10:30 p.m.

New York time. Back to the video. >> And I'm going to stake on Scepter. Confirm. and it'll confirm twice the transaction. Once here and once on my MetaMask sometimes it takes a little bit of time because remember in Canada the internet is very slow where I'm at as UG is there's not enough internet for all Canadian. So let's hypothetically says that it worked. So I'm just going to cancel transaction and then we'll just add to the liquidity pool and then here you go to reward. Now it's the window is popping up. Now we're going to reward and then you'll see what rewards you are eligible to receive. Okay. And then you want to claim those reward. You go to claim. It'll take you to another page where you can go and claim your reward at portal.flare.network. I will make

a video on that next time because this is a good place where you can see all your tokens and where are the delegation and all that. Okay. Now let's go back to borrow and supply. Now let's borrow. This is important to know. The borrowing part is very cool because you could borrow some money and you earn you on that. And if you go here and you go to borrow and the primary market, these are the tokens offering you to borrow. Normally it's more about USDC and but now they added rap flare rap eat and rap flare eat. And then you go to FXRP. And if you have FXRP or stake XRP, you could do that here as well. But I do not have enough right now. Let's see if I can swap a little bit. Do that for you.

Right. Then you would come here. Let's say for example, you have your okay borrow primary market. Then you have some USDTO. I don't want to do it. I don't want to borrow. But basically, that's what you would do. And then you would put the amount and then you would go for a pump. Click borrow and it gives you the percentage and the borrow APY and all that stuff. So it's pretty simple. So you do that when you think that you know your crypto is going to pump. So you borrow and then you could borrow and repay back very easy, effortlessly because now your crypto pumped and then you have less to um to pay back. So that was kinetic guys. Kinetic is an amazing platform for borrowing and for lending your uh XRP and then Flare and all the

other token that are associated with it. So I hope you liked it. Please like and subscribe and stay grateful. Stay underground. Stay crypto and stay tuned for more deep dives. Thank you. This is Blues Guy for Underground channel. Have a great day guys.