Navigating Web3 can be quite confusing. Trying it out for the first time, many beginners struggle with the overwhelming jargon, difficult-to-use interfaces, and the overall lack of guidance as compared to Web2. Different problems exist here such as the existence of many different blockchains, each with their own uses and tokens. Thankfully, Kana Labs is here to simplify the Web3 experience! 

‍

What is Kana Labs?

Kana Labs is an all-in-one platform focused on simplifying decentralized finance (DeFi)  through a combination of DeFi dApps and infrastructure with a view of making DeFi accessible to all.). It aims to address key problems in Web3 such as user-friendly navigation, a lack of liquidity across multiple chains, and cross-chain communication. Kana Labs does this through offering multi-chain functionality and creating a suite of tools for both blockchain users and developers. Whether one is a casual user, a seasoned developer, or a business, Kana Labs has something for them. 

‍

Key Features of Kana Labs

Kana Labs’ main selling point is its extensive cross-chain communication. The platform brings together different chains from both Ethereum Virtual Machine (EVM) & non-EVM backgrounds This allows users to transact effortlessly between various blockchain networks, removing the usual issues of cross-chain interactions. Kana Labs also aggregates the liquidity between all these chains. The platform ensures a smooth and efficient flow of assets across these different networks while giving users access to the best rates and transaction speeds. Kana Labs is currently partnered with Ethereum, Polygon, BNB Chain, Arbitrum, Avalanche, zkSync, Aptos, Sui, and Solana. Additionally, Kana Labs’ EIP-4337-based smart wallet enhances user experience with its simplified interface. It offers convenient features such as a social login and two-factor authentication. 

‍

Comprehensive DeFi Suite

Kana Labs offers a complete DeFi product suite that caters to both retail users and businesses. This suite includes:

• AMM Swap Aggregator: Built on top of Kana Labs’ Web3 Middleware SDK, this aggregator combines liquidity from multiple DEXs and bridges. It offers users control over slippage and provides multiple rate quotes for transactions across 9 different chains, including both EVM and non-EVM networks.
• Kana Trade: A decentralized, on-chain order book trading platform that provides users with a Web2-like trading experience while retaining the benefits of blockchain technology. It uses Aptos' Block-STM and Parallel Transaction Execution tech, enabling faster and more efficient trades. Kana Trade has the same simple look and feel of a centralized exchange (CEX) but with the advantage of holding one’s own assets. 
• Kana Perps - This is an upcoming robust and futuristic, fully on-chain perpetual futures DEX. It was created with the sole motive of building a fully on-chain DEX that can challenge the CEXs out there in terms of performance and UI/UX. CEXs, through their centralized nature of decision-making, have created a monopoly of sorts over the whole of crypto trading and this has proved to be the bane of users and the blockchain industry. By building a DEX that is easy to use both for institutions and for retail traders and at the same time, being robust and secure, Kana Labs is looking to convince traders, for the first time, to move away from CEXs and into the world of DEXs for safe and secure trading.
• Intent-based Framework - Kana is also working on an intent based cross-chain framework that will help boost liquidity across multiple chains and finally be able to solve the problem of liquidity fragmentation across multiple chains, once and for all.
• Kana Operps - To complete the set of complementary DeFi products, Kana has a perpetual options platform that provides up to 1000X leverage which traders can use for hedging and speculation as well.

‍

Empowering Developers and Businesses

Kana Labs also caters to various Web3 developers and businesses. For developers entering the Web3 market, Kana Labs offers SDKs (software development kits) that allow them to connect their applications with blockchain networks without requiring deep blockchain expertise. 

For example, they offer developer-friendly tools like an All-In-One Web3 Middleware SDK which simplifies the process of integrating blockchain technology into existing platforms. The Middleware SDK also connects multiple liquidity pools and provides access to different dApps. Furthermore, businesses can also use Kana Labs’ Mirai SDK to provide their customers with a seamless onboarding experience, reducing the complexities of user transactions. Additionally, the Paymaster service allows for gasless transactions, eliminating fees. They also offer Kana Widget, which is a plug-and-play solution for businesses to enable their platforms with Web3 functionalities.

‍

Web3 will continue to keep growing but it doesn’t need to stay complex. Kana Labs works to empower not just users, but developers and business as well to work hand-in-hand, contributing to a new ecosystem. No one should have to be excluded just because it’s “too confusing”.