One Month In, Kyber’s Katalyst Sees Mass Community Buy-In

2020-7-30 22:59

The Kyber network’s launch of Katalyst has seen impressive metrics just one month after its launch.

Kyber’s Katalyst For Growth

The Kyber Network’s launch of the KyberDAO and Katalyst on July 7 ushered in community-based decision making for the DAO, driving the network close to full decentralization. Since the start of Katalyst, KyberDAO allows every single KNC holder to share the responsibility of determining the appropriate set of parameters for various scenarios that will best drive long term protocol growth and sustainability.

In the first 24 hours of its launch, over 10 million KNC tokens were staked to the network. A quarter of the total supply (25 million KNC) from 3,100 unique addresses were staked on the KyberDAO within the first week.

As reported by Crypto Briefing, Kyber DAO attracted around 13.5 million KNC tokens in a mere three days. That was valued at over $21 million at the time. By July 25, the on-chain liquidity protocol had 58 million tokens staked, with 40 million votes recorded in the first Epoch. An epoch is a period of time when voting on governance proposals occurs. Those figures were supported by Binance’s implementation of KNC staking. 

Token Holders Embrace Participation

Since the launch of Katalyst, the Kyber Network community has embraced its role in network decisions. In the first Epoch, over 2,500 unique voters voted on the Burn/Reward/Rebate (BRR) proposal to decide if there should be changes to the existing network fee parameters. Network fees are collected from trading activities on Kyber Network. 

Kyber recently concluded its first KyberDAO Proposal, where the KNC community voted on-chain for the first time on the allocation of network fees that goes towards burning KNC, voting rewards, or reserve rebates (BRR). Roughly 80% of the community voted to increase the Voting Rewards to 70% and lower KNC burns and Reserve Rebates to 4.3% and 25.7%, respectively. Users need to stake tokens in the previous Epoch to vote and earn rewards in the following one. 

Over 420 ETH, or ~$135,000, in fees was collected over the past 10 days. Voting rewards continued increasing until the first Epoch finished on Jul. 28. According to Loi Luu, Co-Founder at Kyber Network:

“KyberDAO is helping to align incentives between different stakeholders in the Kyber ecosystem and enabling the community to be more involved in project development. We’re proud that the first KyberDAO vote concluded successfully with one of the highest on-chain participation rates for a DAO on Ethereum.”

As Kyber’s DAO continues to grow, the network is helping shape the future of decentralized governance in DeFi. 

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katalyst kyber launch network one month growth

katalyst kyber → Результатов: 9


7 июля Kyber Network проведёт обновление Katalyst

Децентрализованная сеть ликвидности Kyber объявила о запуске 7 июля своего обновления Katalyst, которое внесёт существенные изменения в нативный токен, привлекая больше потребителей. В соответствии с анонсом, модернизация ставит своей целью снижение фрикционной ликвидности (время на поиск средств) наряду с интеграцией DApp в сеть Kyber и введением льгот для высокопроизводительных резервов.

2020-7-3 09:50


Фото:

Kyber Network объявил дату обновления с поддержкой стейкинга

Разработчики протокола Kyber Network проведут обновление Katalyst 7 июля. С ним у пользователей появится возможность зарабатывать на стейкинге и участвовать в решении различных вопросов на платформе.

2020-6-30 12:32


У держателей Kyber Network Crystal появится возможность стейкинга

Разработчики децентрализованной биржи Kyber Network планируют запустить обновление протокола Katalyst 7 июля. Как сообщает CoinDesk, оно направлено на изменение роли собственного токена Kyber Network Crystal (KNC) в целях поощрения участия в развитии проекта.

2020-6-30 19:52