Description
Kyo Finance is a DEX on the Soneium blockchain. It leverages vote-escrowed tokenomics and innovative batch operations to simplify liquidity management and streamline DeFi interactions.
Value Proposition
Kyo Finance stands out by reducing friction in DeFi operations. Its intent-based batch transactions let users claim rewards, swap tokens, and manage liquidity in one go, lowering gas fees and reducing transaction steps. The platform’s epoch-less voting and smart voting mechanisms ensure that governance is continuous and real-time, providing optimal yield and a smoother user experience.
Governance
Kyo Finance features a community-driven governance model that empowers users to vote on proposals in real time. Without epoch restrictions, liquidity providers can adjust their votes whenever needed, ensuring that decision-making is flexible and reflective of current market dynamics.
Tokenomics
The native token of Kyo Finance is central to its vote-escrowed system. It incentivizes long-term participation and rewards liquidity providers through staking and governance rewards. By using fungible ve tokens instead of NFTs, Kyo Finance aligns incentives and streamlines liquidity management across various asset classes.
Milestones
- Selected as a Soneium Spark Winner for its innovative approach in the DeFi category.
- Integrated with Bifrost for liquid staking of ASTR, enabling users to mint vASTR and benefit from shared reward systems.
Previous Funding
Kyo Finance received early support through the Soneium Spark Incubation program, which recognized its innovative model and helped secure initial funding.
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