📈Tokens
Technical
Last updated
Technical
Last updated
The KAI token is the native governance and utility token within the kai ecosystem. It plays a crucial role in facilitating governance, incentivizing participation, and enhancing the overall functionality of the platform. Here are the primary use cases for the KAI token:
1. Governance
Voting Rights: KAI token holders can participate in governance decisions by voting on key proposals, such as protocol upgrades, balancer proposals, Aura Finance proposals, and treasury management. This ensures that the community has a direct influence on the future development and direction of the kai protocol.
Proposal Creation: Holders of a certain amount of KAI can submit proposals for consideration by the community. This empowers users to suggest and implement changes they believe will benefit the ecosystem.
Earning Rewards: KAI stakers receive kai emissions in addition to governance rights.
2. Ecosystem Development
Treasury Management: A portion of KAI tokens is allocated to the kai treasury, which is used to fund development initiatives, security audits, marketing efforts, and other activities that support the growth and sustainability of the ecosystem.
Incentive Programs: The kai protocol may implement various incentive programs, such as liquidity mining, referral bonuses, and community rewards, all of which are powered by KAI tokens to attract and retain users.
kaiAURA is a tokenized version of AURA tokens within the kai ecosystem. It represents AURA tokens wrapped through the kai protocol, providing additional benefits and enhanced functionality for users.
Tokenized Wrapper: kaiAURA is a tokenized wrapper for AURA tokens. When users wrap their AURA tokens into kaiAURA, they receive a 1:1 representation of their AURA holdings within the kai ecosystem.
Enhanced Functionality: The wrapping process transforms AURA into a more versatile asset that can be utilized within the kai platform for various purposes, including staking with enhanced rewards, and liquidity provision.
Earn Additional Rewards: Users can stake their kaiAURA tokens within the kai platform to earn additional rewards from bribe rewards and additionally KAI tokens. This staking process provides an enhanced yield compared to holding AURA tokens alone. This means that users who convert their Aura for kaiAura and stake it in the staking pool will continue to receive all the associated earnings from Aura and an increased rate, with additional kai Rewards.
