written by BP2122
https://twitter.com/SmallCapScience
Tons of amazing stuff going on.
I told everyone I would type up an article soon but haven’t. Here’s my quick thoughts:
1. veKLON — A move to a two token system similar to CRVs is being worked on. This is important because users can lockup their klonx in the boardroom for higher rewards. The more people who lock klonx in the boardroom > Less available to trade > higher the price goes! When the price of $KLONx goes up > APYs in the farms go up >more people buy k assets > more rebases. FUCKING POWERFUL CYCLE. Can’t wait for you guys to see it in action.
2. KSWAP — low/no fee swapping on platform between assets. So you can trade on platform with a .3% fee (tiny) without slippage. Day traders dream to just swap between assets on platform. Those fees will go to the stabilization fund to start but might end up going to klonx holders longer term.
3. Liquid Bond Market — Currently there is a small incentive to buy bonds but they are illiquid. The plan is to have pools that are say wBTC-kBOND that output KLONx. kBONDs are scarce at the moment so everyone would want to own them to be able to hog the liquidity pool rewards. Because of the LP you can sell your bond on the market at any time (might even trade at a premium). This is massively important because if people rush to buy bonds when we drop below .95 of peg then the stabilization fund won’t be used. Once the stab fund is 100% collatoralized we can change the % of rebases it receives. Instead of it getting 68% of rebases maybe it gets 0%, 5%, or 10% and the rest can go to KLONx holders in the boardroom. That’s absolutely massive!
4. New Assets — I can imagine kxETH is next but the devs have stated it’s fairly simple to add assets now that we’ve migrated to v2. Imagine getting rebases across 15 different assets for being in the boardroom (I was getting $10k a day at one point with only kBTC). Also real world synthetics can be coming… stock tickers? Possibilities are endless. The devs have mentioned adding a synthetic (VIX) which is the crypto volatility index. Imagine when the market goes crazy you get rebases because of the fluctuations… or better yet you use kSWAP to move your rebases into kxVIX. That can derisk your entire crypto portfolio because if the market tanks VIX will go up 🤯
5. Partnerships — we haven’t inked any public partnerships year because we were migrating to v2. No point in partnering until after we switched to a new token because it’s a pain in the ass. Now that we’ve migrated we can partner with other ecosystems to bring real utility to our kAssets, stabilization fund, and possibly outsource some of our LPs to cut inflation. Being able to use kBTC for lending or in an LP pool would be massive for us. Partnerships are currently being worked on 👏
There are plenty more out there as well! High level overview and hope this helps!
