Koi Overview
- What is Koi?
Koi Finance, formerly known as Mute, is a DeFi (Decentralized Finance) platform built on the zkSync rollup. It offers functionalities related to decentralized exchange, liquidity management, yield generation, DAO, and token bonding, aiming to cater to various DeFi needs. Its unique feature is allowing users to cover gas fees using other tokens.
- Main Features
- Multiple Pool OptionsFaster and Cheaper TransactionsFixed Base APY Yield FarmingGoverned by the Community (DAO)Network fees payable with different assets
- Blockchains
- ZkSync Era
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A DeFi Hub built on the zkSync Era scaling solution aiming to be a one-stop shop for various DeFi needs.
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Frequently asked questions
Koi Farming Pools offer a unique liquidity reward protocol, providing LPs the chance to earn additional revenue APY and engage with the Koi ecosystem. Rewards are driven by platform revenue and fees through a buyback system established by the DAO. Not all liquidity pairs are amplified; selections are made by the team and Koi DAO, focusing on essential pairs like ETH/USDC. This protocol differentiates itself with a static APY model, allowing for predictable revenue generation for the protocol, its partners, and users.
Yes, their limit orders rely on AMM as a liquidity and inventory provider. This provides users with more control over their trades compared to basic swaps.
The KOI token grants access to the Koi DAO through a veNFT model, where locking KOI for 7-728 days yields a veKOI NFT, representing voting power and locked assets. This NFT contains data on locked KOI amount, vote share weight, and expiry, allowing for redemption or further lock-in post-expiry. The system supports voting on DAO proposals, adjusting protocol fees, and managing the treasury, with the functionality to delegate voting rights, split, or merge veKOI NFTs for customized governance participation.
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