Kona DeFi Unveils Leverage Yield and Trading Protocol on Abstract

@KonaDeFi has announced a new leverage yield and trading protocol launching natively on abstractchain, with paper trading now available for users to test.

The protocol is built directly on top of Kona Lend, @KonaDeFi's existing lending product, extending its existing financial stack into leveraged positions and yield strategies. The paper trading mode allows users to simulate trades without real capital at risk ahead of a full launch.

Context

@KonaDeFi — developed by KittyPunch — is a full-stack DeFi protocol on abstractchain offering an interconnected suite of products including spot and derivative trading, lending, volatility derivatives, and yield optimization. The project recently surpassed $2M in total value locked (TVL) and reported nearly $1M in $PENGU deposits through Kona Lend alone.

The new leverage protocol adds another layer to that stack, targeting users seeking amplified exposure to yield and price movements. By building natively on Kona Lend, the protocol can tap existing liquidity and collateral infrastructure already on the platform.

No launch date for the live version has been announced. Users can access the paper trading environment via the link shared in the announcement.