Kyoko
  • Kyoko Introduction
  • HOW IT WORKS
    • Peer-to-Pool NFT Lending Platform
      • P2P NFT Lending Introduction
        • As Lenders: Earning Interest
        • As Borrowers: Get Instant Loans
        • NFT as the collateral
        • NFT Price Discovery
      • Who can create the pools?
        • The Blue-Chip Pools
        • The Shared Pool
      • Risk Models: Health factor or Time-based
        • Risk Framework
        • Dual Rates
        • NFT Risk Parameters
      • Pending Liquidation
        • Auction liquidation
        • Bad Debt
      • Security and Audits
    • Cross-Chain GameFi Assets Lending(CCAL)
      • How to use Cross-Chain GameFi Assets Lending?
      • FAQ for CCAL
  • TOKEN
    • Token distribution
    • Understanding $KYOKO in P2P NFT Lending
      • Staking (Shared income)
        • Staking your $KYOKO
        • Claiming shared income
      • Voting
        • Vote Locking
        • Governance Mechanism
        • Snapshot
        • Proposals
    • Vesting
    • Stake
      • Liquidity Mining
      • How to start staking?
    • Business Model
    • Governance
      • KRCs
      • KIPs
      • Governance forum
      • Voting(Snapshot)
  • Roadmap
  • Security and auditing
  • Contact
  • DEPLOYED CONTRACTS
    • P2P NFT Lending
    • Cross-Chain GameFi Assets Lending(CCAL)
  • TEST
    • P2P NFT Lending testnet
    • Cross-Chain GameFi Assets Lending(CCAL)
  • COMMUNITY
    • Twitter
    • Telegram
    • Discord
    • Medium
    • Github
    • TERMS OF SERVICE
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  1. TOKEN

Understanding $KYOKO in P2P NFT Lending

Understanding $KYOKO

KYOKO is used as the centre of gravity of Kyoko Protocol governance. KYOKO is used to vote and decide on the outcome of Kyoko Improvement Proposals (HIPs). Apart from this, KYOKO can be staked within the protocol Safety Module to provide security/insurance to the protocol/depositors. Stakers earn staking rewards and shared income from the protocol.

Documentation on tokenomics and governance will be available in the flash paper and with further detail in the full documentation. Feel free to join the discussion in the governance forum.

The main purposes of the Kyoko DAO token are to incentivize liquidity providers on the Kyoko Finance platform as well as to get as many users involved as possible in the governance of the protocol.

Currently, KYOKO has two main uses: voting and staking. Those three things will require you to vote to lock your $KYOKO and acquire veKYOKO.

veKYOKO stands for vote-escrowed KYOKO, it is simply KYOKO locked for a period of time. The longer you lock KYOKO for, the more veKYOKO you receive.

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Last updated 2 years ago

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