D2I Monthly Update: KaiaSwap

[Closed]Notice
1

Recap of the previous month

  • KLAY Received in the Recent Tranche:
    • We received 2,226,274 KLAY as part of the liquidity incentive and developer grant in May.
  • KLAY Used as Incentives Last Month:
    • In June, we utilized 202,079 KLAY for farming incentives; in July, this increased to 221,683 KLAY. Additionally, we budget 200,000 KLAY as the trading incentive in July.
  • Contracts Incentivized Over the Last Month:
    • WKLAY<>USDC.e: 0x117cc3920DA1E368bD087913F6326214e3435613
    • KKULP<>WKLAY: 0x2736e6d19ba2513704d948c38f98cea91461369a
    • WKLAY<>PING: 0x79f6f7c283575802e51dd6255aa4a4d16d1c8b64
    • MBTC<>KLAY: 0x42383e0c72ebe127d1a38afe115ec70847345ccb
    • USDT<>USDC.e: 0x86db09d9bc2f73f9852058baeadc76014052737b
  • Address Label Form 5 Completion Status for All Addresses: Yes
  • Remaining Amount of KLAY: 1,452,512 KLAY
  • Summary of Incentives Used This Month:
    • All farming incentives were channeled towards major asset pairs and two meme projects, enhancing their visibility and engagement. Moreover, the trading competition saw participation from 2,000 addresses. Accordingly, 200,000 KLAY will be awarded to 255 addresses based on their trading ratios and winning records in Galxe.

Data

Kaiaswap began setting up and operating its pools on May 17th.

  • Average Daily TVL:
    • Our average daily TVL was $255k in May, $647k in June, and $1.157 million in July, demonstrating a steady growth trend.
  • Average Daily Transactions:
    • Average daily transaction counts escalated significantly from 24 in May to 361 in June, and dramatically to 1,496 in July, reflecting heightened platform activity.
  • Average Daily Volumes:
    • The average daily trading volume showed a marked increase each month, starting at $2,411 in May, escalating to $29,601 in June, and surging to $797,913 in July.
  • Number of Unique User Addresses:
    • The number of addresses engaging on the platform escalated from 51 in May to 770 in June, and then to 2,698 in July, showing a rapid expansion of the user base month-over-month
  • Transaction Fees:
    • The total fee collected displayed a significant increase each month, starting at $130 in May, growing to $1,268 in June, and skyrocketing to $15,204 in July, illustrating a substantial rise in revenue as platform activity intensified.
  • Burned Amount of KLAY from Revenue:
    • We burned 1,014 KLAY in June and a much higher amount of 13,514 KLAY in July.
  • Link to Dashboard showing metrics:

Plan For the next month

  • Amount of KLAY to be distributed: we plan to use 400,000 KLAY as the trading incentive and farming incentive in August.
  • Plans to use KLAY in the following month: 400,000
  • Contracts that will be incentivized:
    • It schedules the same main asset pairs, with the addition of some new pairs to be determined
  • Address label Form 5 completed for all addresses: Yes
  • Mechanism for distribution incentives:
    • The farming incentives are distributed by our mechanism, meaning that LPs who add liquidity to the incentivized pool will receive rewards. The rewards each LP obtains depend on the proportion of liquidity they contribute relative to the pool’s total liquidity.
    • Our dual farming mechanism can incentivize liquidity across any range, whether it’s the full range or a dynamic range. For the same trading pair, we can establish incentives tailored to different price ranges. This is especially relevant for broader price intervals, where users face higher risks of impermanent loss. To counter these risks, we can adjust to offer larger incentives, thereby enhancing the profit potential for LPs within those price ranges. In summary, we can adjust the incentive ranges based on the project’s requirements.
1 Like