Question 1

What is Kyo (KYO)?

Accepted Answer

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.

Question 2

What is Kyo (KYO) used for?

Accepted Answer

- **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.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	KYO-USDT KYO-USDT	kucoin	BB	0.02868USDT	-0.42%	229,833.90KYO	252	0.02880USDT	0.02904USDT
2	KYO-USDT KYO_USDT	gateio	A	0.02879USDT	0.00%	42,113.00KYO	290	0.02879USDT	0.02885USDT