Kaia Network｜Epoch1 Special Boost Campaign Now Being Held

Duration

In Progress

Task

Supported Chains

Kaia Network｜Epoch1 Special Boost Campaign Now Being Held

What is Kaia Blockchain?

Kaia Blockchain is a Layer1 blockchain born from the merger of LINE's blockchain "Finschia" and Kakao's blockchain "Klaytn". The mainnet was launched on August 9, 2024, and it is an EVM-based chain that boasts low gas fees and high-speed approvals.

It aims to bring a messenger user base of over 250 million people to Web3 and achieve synergy like Telegram TON. By leveraging Klaytn's mainnet technology and operational expertise, it will provide LINE's exclusive content, support a wide range of Web3 services within LINE and Kakao messengers, and aim to become Asia's largest blockchain ecosystem.

About DeFi Ecosystem Enhancement

Currently, Kaia Network is strengthening its DeFi ecosystem. The campaign held this time will award points that can be converted to tokens by providing liquidity or depositing. Rewards will also be distributed through the D2I program. In the future, various projects and point boost functions will be added. Project builders are also being recruited, and if selected, they will have access to Kaia Network's existing marketing network and receive funding.

Campaign Details

1. Up to 30 million $KAIA (equivalent to $4.3M) will be distributed.
2. Deposit/Provide liquidity from KAIA PORTAL to various DEXs.
3. The period is planned for around three months, and various projects, participation methods, and boost functions are planned to be added in the future.
Campaign FAQ is here Join Now

Rewards Earned

1. $KAIA rewards from Kaia network
2. Individual project point rewards
3. Income from the protocol
4. Rewards based on the D2I Proposal

In addition to the above rewards, various benefits will be added in the future.

About Dragonswap

1. Native token has not been issued yet, but there is a possibility of issuance in the future.
2. Currently, the point system on Dragonswap is not public, but it will be released in the future, so there is a possibility of preferential treatment for early users.
3. TVL $8.1m, currently the second largest liquidity on Kaia Network.
Official documentation is here

About Capybara

1. Development and operation are already underway on other chains by the Wombat team (Backed by Binance Labs, Animoca, Shima, Jump Crypto)
2. Equipped with a gamified point system, Raffle, and Launchpad functions.
3. Relatively easy to participate in as it allows single token liquidity provision.
Official documentation is here

About Kaia Swap

1. iZUMi Finance (Backed by Mirana, HASHKEY, IOSG, BIXIN Ventures)
2. Native DLAMM (Discretized-Liquidity-AMM) DEX. Achieves low gas fees by combining Account Abstract and MultiSignature.
3. Distributes points according to the trading volume swapped, not just liquidity provision.

Simple Procedure Explanation

1. Bridge assets from Ethereum to Klytn using Wormhole etc. with USDT.
2. Provide liquidity to your favorite project from among the 3 Dapps.
Capybara,Dragonswap,KaiaSwap
You can participate relatively easily by purchasing Klytn directly from Bitbank etc. and bridging it.

Disclaimer

・This article is created for informational purposes only and should not be used to solicit the sale, purchase, or underwriting of cryptocurrencies, securities, or other financial products, nor should it be considered an invitation to engage in such transactions, or constitute financial or investment advice.
・The information and opinions in this article are obtained from sources that we believe to be reliable, but we do not guarantee their accuracy, completeness, suitability, timeliness, or truthfulness.
・We, the authors, and all related parties are not responsible for any damage or loss caused by or related to the information published in this article. Cryptocurrencies involve hacking and other risks, so please conduct thorough research before using them.

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