📝Overview
Last updated
Last updated
KAYEN Protocol is a community-driven SportFi ecosystem built on Chiliz Chain. Starting from the Decentralized Exchange as its cornerstone product, KAYEN's vision is to build a comprehensive platform with multiple DeFi products.
Inspired by Camelot, KAYEN is designed for high efficiency and customization. It provides an infrastructure that enables builders and users to access deep, sustainable, and adaptable liquidity solutions. Our goal is to offer a tailored approach that prioritizes composability.
Enrich Chiliz ecosystem with one-of-kind DeFi experience, bridging time-tested infrastructures to innovative features to be highly customizable and build sustainable liquidity
Emphasize decentralization, empowering the community to lead the protocol while supporting the core team in sustainable development.
Become the primary facilitator for protocol launches on Chiliz Chain, providing the tools that enable them to launch, bootstrap liquidity, and sustain their growth
Adhere to the permissionless ethos of Bitcoin to be fully trustless.
Deliver only state-of-the-art functionalities that are easy-to-use, build upon, and leverage by other protocols.
Offer real yield to a liquidity providing - creating innovative emissions strategies that leverage more sustainable tokenomics, aligning incentives with builders, users, and the protocol
KayenSwap V2 AMM is based on a dual AMM, supporting both volatile (UniV2) and stable (Curve-esque) swaps.
Along with dual AMM, we're also introducing Dynamic Directional Fees (DDF) for our trading pairs. DDF allow for different fees depending on the direction of the swap (buying/selling).
These innovative AMM features allow us to provide pool configurations that are much more customized and tailored to the specific trading pairs.
KAYEN is based on a dual token system, consisting of the native liquid KAYEN and its escrowed version xKAYEN, a non-transferable governance token, both being used as farming rewards.
Most emissions are distributed in xKAYEN, providing a high level of control on the supply flow on the market. This allows us to create a healthy balance between attractive incentives to grow initial liquidity, whilst ensuring that we are preparing for the long-term health of the protocol.
The set up of a hard-capped total supply, carefully crafted emissions and additional deflationary mechanisms, will be another important piece of the puzzle to ensure long-term sustainability of KAYEN's tokenomics.
Protocol Earnings, initially coming mostly from the swap fees, will be partly redistributed to the xKAYEN users in the form of real yield, and used on buy back & burns in order to maintain a constant buying pressure on KAYEN.
More details coming soon
More details coming soon
