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🪙 Tokens & Rewards

Kinetix Revenue Distribution

pKFI (preKFI Token)

  • pKFI does not have any utility and can be redeemed for $KAI at a 1:1 ratio

You can convert your pKFI to KAI on our dApp via: https://kinetix.finance/apps/earn

pKFI Contract Address:

KAI

KAI is Kinetix's governance Token.

KAI stakers will receive:

  • 25% of the total fees generated by Kinetix's Perpetual DEX.

  • 7.5% of total fees generated by Kinetix V3 DEX

  • 4% of the total fees generated by Gamma V3

  • 30% of the total fees generated by dCLOB DEX (Blue Chip)

  • 20% of the total fees generated by dCLOB DEX (Mid/Low Cap)

The max supply of KAI will be at 1,000,000,000.

KLP (Kinetix LP Token)

KLP is Kinetix's Liquidity provider Token.

KLP liquidity providers will receive:

  • 70% of the total fees generated by Kinetix's Perpetual DEX.

  • 90% of the total fees generated by Kinetix V3 DEX

  • 90% of the total fees generated by Gamma V3

  • 40% of the total fees generated by dCLOB DEX (Blue Chip)

  • 50% of the total fees generated by dCLOB DEX (Mid/Low Cap)

More infos on KLP and a Tutorial on how to provide Liquidity can be found here.

veKAI

veKAI will be the vote-escrowed version of KAI.

Introduction to Kinetix's veTokenomics Model:

When forming the veTokenomics, Kinetix took inspiration of successful implementations from projects such as Solidly, Curve, ThenaFi and Camelot.

Seeking to align the incentives of both, token holders and liquidity providers, the idea is that while locking governance tokens, users receive increased farming rewards and simultaneously can have more influence in Kinetix's governance (Voting power).

veKAI utility

  • Holders receive Voting Power: veKAI holders take part in the governance and will be able to vote during proposals.

  • Earn Farming Rewards

veKAI voters receive:

  • Trading fees that the pool(s) they vote for are generating

  • Bribes on the pools they have voted for

  • Bi-weekly veKAI distribution

Voting Period

  • veKAIholders will be able to vote for gauges on a bi-weekly basis.

Lock Period

  • The lock period for veKAI will commence from 7 days, going up to 365 days.

Hence, the longer veKAI is locked, the larger the Multiplier will be.

This means, holding veKAI for a longer period of time, will earn you higher revenue as well as increased voting power.

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