KittyParty, a DeFi platform that blends DeFi, NFT collectibles, and gamification, is gearing up for its relaunch in March 2023.

The protocol went into public beta in March 2022 and received excellent initial feedback from beta users. However, the bear market rendered the platform less relevant to new users. But with the slow but sustained momentum DeFi is gaining in 2023, the community feels that now is the right time to relaunch the protocol.

To mark the relaunch, KittyParty is launching a liquidity mining program and an airdrop campaign. The platform is also introducing veKPT, a mechanism that enables projects to bribe KPT emissions towards savings pools that use their token, starting with various stablecoins and other pegged assets.

To help everyone refresh their memory, Kitty Party is a DeFi platform that blends ROSCA (rotating savings and credit association) with DeFi, NFT collectibles, and gamification to onboard first-time users to the world of DeFi. The platform enables community-led yield generation and wealth creation.

The liquidity mining program is intended to bring new users to the platform. The protocol will incentivize liquidity for its token in some leading dexes. This program is currently being discussed in the community, and once it passes voting, it will enable the protocol to generate liquidity for its token.

The airdrop campaign is another way the platform is trying to incentivize users to come back. The community is discussing a program that rewards early users of the protocol with KPT tokens. There could also be additional token incentives for social media activities that promote the protocol.

Finally, veKPT is a mechanism that allows partner projects to direct KPT emissions allocated towards pool emissions towards their own pools. The community is considering a voting mechanism where veToken holders will receive voting power proportional to the amount of their locked KPT and the duration of locking. veKPT holders can use this voting power to allocate KPT emissions towards various pool token options available on the platform.

Overall, KittyParty’s relaunch is an exciting development for the community. With its focus on innovative solutions for user experience and efficient on & off-ramps, the platform is well-positioned to attract new users to the DeFi space. Stay tuned for more updates on KittyParty’s progress!