With @KodiakFi entering a deep decentralized phase, the KDK Foundation has been officially established. It will be fully responsible for the governance, staking, and economic model management of $KDK/$xKDK. Key features of the dual-token system: - $KDK: A circulating utility token with a maximum supply of 100 million. - $xKDK: A non-transferable custodial governance token used for staking to participate in governance and earn protocol rewards. Unique conversion mechanism: - $KDK can be instantly converted to $xKDK at a 1:1 ratio. - Redeeming $xKDK from $KDK has a vesting period of 15 days to 6 months, with a ratio ranging from 1:0.5 to 1:1 (for periods shorter than the maximum, a portion of the tokens will be forfeited and injected into the rewards pool). 💰 Protocol revenue distribution (approximately 90%): - 60% is used for open market buybacks of $KDK → injected into the Kodiak Reserve (protocol insurance fund). - 30% is used to increase protocol liquidity (POL). 📅 Key dates: Trading launch: December 23, 22:00 UTC+8 @KodiakFi DEX Synchronization On-chain Liquidity: KDK/USDT (0.3%), KDK/BERA (0.05%), KDK/WBTC (0.05%) This is a significant step for Kodiak as the liquidity hub of Berachain towards maturity and autonomy, and a key deepening of the PoL ecosystem's value capture mechanism! $BERA #berachain