KYO
Kyo
$0.01560
0.42%
Kyo
KYO
$0.01560
0.42%
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About Kyo
KYO is an ERC-20 token used within Kyo Finance as the protocol’s utility and rewards token, with governance handled via a separate fungible ERC-20 token called veKYO. KYO is emitted to incentivise eligible liquidity providers. Holders can convert KYO into veKYO at any time and this conversion is described as irreversible. veKYO is used to vote on gauges linked to pools and vote weight determines how KYO emissions are allocated across pools. Voting can entitle veKYO holders to a proportional share of trading fees from the voted pool under the stated staking condition and to third-party incentives added to that pool. veKYO can be liquidated through a veKYO/KYO market pair, providing a price-based exit path.
KYO is an ERC-20 token used within Kyo Finance. It is designed as the protocol’s utility and rewards token, while governance is handled through a separate fungible ERC-20 token called veKYO. The system uses a vote-escrow style model implemented with real-time voting rather than epoch-based voting periods.
- Liquidity incentives: KYO is emitted as rewards for eligible liquidity providers.
- Route into governance: KYO can be converted into veKYO. This conversion is described as available at any time and irreversible.
- Directing emissions: veKYO holders vote on gauges linked to specific pools. The distribution of votes determines how KYO emissions are allocated across pools, influencing which pools receive more KYO incentives.
- Voter-aligned revenue and incentives: voting on a pool can entitle veKYO voters to a proportional share of that pool’s trading fees under the stated staking condition and to any third-party incentives added to that pool.
- Market-based exit for veKYO: veKYO can be liquidated through a veKYO/KYO market pair on the protocol, providing a price-based path to exit rather than a time-based unlock mechanism.
