KYO Finance - A veDEX unlike anything you've experienced before!

[Kai]

Happy New Year, Astar community members! Glad to introduce ourselves on the forum.

I’m Kai, operating at KYO finance and here to share about what we are and how we could grow together as one team. We are building not just a simple AMM but a liquidity hub with advanced ve-tokenomics to make Soneium the center of the superchain.

What is KYO [共, pronounced as /kyo/ in Tokyo] finance?

Kyo Finance is the representative DEX of Soneium with vote-escrowed tokenomics. Vote-escrowed tokenomics means that protocol revenue is given as rewards to token holders through voting actions, and emissions are distributed at optimized ratios through these votes rather than by a centralized team. KYO has eliminated all complex concepts like Epoch, voting power, and NFTs that existing veDEXes had, and simplified it to real-time staking-like action. Our motto is ‘simplify and optimize until you can’t do it anymore.’

Key features
Extra revenue stream for LPs
We will create sustainable LP yield by paying back losses that LPs experience due to token market price changes (commonly expressed as Impermanent loss) through cooperation with aligned arbitrageurs. Our goal is to become an LP option that uses Uniswap’s AMM, provides the same level of security across all chains, and consistently provides better yield.

One click, simplified user experience

Using DeFi requires many transactions. Especially for LP, voting and claiming, you may need to send dozens of claim, approve, and swap transactions. We make all operations batchable to finish with one click as much as possible. Instead of calculating optimal distribution for voting yourself, you can just finish with one click of the smart vote button, or use a native auto-compounder. We’ve also made the voting token easy to buy and sell as a fungible ERC20 token without worrying about concepts like voting power or NFTs.

Unifying EVM liquidity
Beyond KYO, we have a roadmap to connect Soneium and cross-superchain liquidity, and bring value back to Soneium and KYO. We’re already realizing the first step through our swap page and APIs provided to partners, and we’ll optimize while integrating one by one.

To learn more about us, I recommend reading Medium series 1-4!

[1] Why Soneium? The Foundation of Kyo Finance

What are we trying to offer the Soneium ecosystem?

The philosophy that penetrates our entire roadmap is ‘vertical, not parallel expansion’. We don’t directly create products that aren’t our core, but focus on making our core trading and liquidity easier to use for partners and users while integrating partners. We think we can go further when we grow together. We provide various APIs and SDKs for them to easily integrate, help Web2 companies easily onboard to Web3 through Soneium, and strive to make fragmented EVM liquidity easy to use as one. We will provide fast and good quotes to traders, become the best option for liquidity providers to safely grow their assets, and let KYO token holders enjoy all that platform value.

How will KYO work for the Astar community and why do we consider it important?

I think beyond the fact that Soneium simply started from Astar chain, the existence of $ASTR as an asset can become a strength as an L2. L2s start with almost no bluechip assets or ecosystem users at launch, but Soneium starts with ASTR and staked ASTR even before various retail apps onboard. This is our unique asset in addition to ETH, USDC, BTC, and makes the ecosystem richer as bluechip liquidity listed on all top exchanges from Binance.

So we participated in the Surge campaign to get as much ASTR as possible to move to Soneium from day 1, and we’ve gathered the most ASTR and vASTR currently We hope that bridged assets will continue to be added to KYO in various pairs like ASTR-vASTR, ASTR-ETH, ASTR-USDC and become core assets.

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I’m really excited to get to know you guys here, and since mainnet is not far away, I want to communicate more with you on our Twitter and Discord communities!
LFGM together

Useful links

Website: https://kyo.finance
Twitter: x.com
Discord: Kyo Finance

[mojojojoppg]

Hi Kai!

Bullish on Kyo!

LFGM

[Kai]

LFGM with Sake KYO !

[Maarten]

@Kai

So we participated in the Surge campaign to get as much ASTR as possible to move to Soneium from day 1, and we’ve gathered the most ASTR and vASTR currently

Impressive!

Great to have the team here on the forum!
Looking forward in working together in 2025

[SimonB]

Super happy to see you on Astar Forum @Kai !
I have been a super fan of the Kyo project since the beginning because I really saw a team that is finally focusing on innovation to make the dynamics of DEFI simpler and more scalable for the user. The key features you are implementing are truly innovative and many of these (MAGIC POOL v2 for ex.) really help and simplify the use of the platform and the many swap operations that a user usually has to perform.
PS: Hope on a future MEME FAST LAUNCHPAD feature integration to get all the meme degen movement of this crazy Market cycle on your platform…in SONEIUM ;)

[Kai]

Thanks a lot for your support! We are still coding everyday to provide better experience We are also collaborating with some projects building a meme launchpad as well!

[SimonB]

Very good! I’m very happy to hear this! One more curiosity questions : Do you have in mind to make some integration with AI tech on your project? This is another narratives/perk that surely will make FOMO and focus on your project in the Soneium and Superchain community

[BoomBLB]

Welcome officially, Kai! From my perspective, Kyo Finance is a very user-friendly and convenient dApp. I really want to commend you on this.

Based on the information above, I’d like to ask a few additional questions:

1. Currently, how are the user engagement numbers looking?

2. For long-term plans, what are the team’s numerical targets?

Finally, thank you for becoming part of the Ecosystem. I hope we’ll get to do many fun things together. =)

[MS-PY]

I have used KYO Finance. The interface is easy to use, the transaction is only 1 TX, which will give users a smooth experience. However, liquidity and slippage are things that users are upset about, will KYO Finance solve that problem?

[Kai]

Haha it’s on our roadmap and we’ll partner up with the ecosystem project for that initially!

[Kai]

1. Pretty good and we’ve got over $5m commit on the pre-deposit campaign.
2. There’s no fixed target since it’s higher the better, but our KPI is trading volume and TVL.

Thanks!

[Kai]

Yeah it is just displayed like that because of the testnet valuation of ETH isn’t actual ETH price. Won’t have same problem on the mainnet

[BoomBLB]

Thank you very much for your answer. I’d like to ask a few additional questions:

1. What are the current statistical figures after the Soneium Mainnet launch?

2. I’m not sure if I understand correctly - for people who participated in Astar Surge’s pre-deposit, can they now bridge to Soneium Mainnet? I understand that bridging will connect with other dApps like Sake Finance, so what are Kyo Finance’s plans to support this on their dApps?

[Kai]

1. Pretty good, we’ve reached $5.5M in TVL and over $1.5M volume/day. keep growing as we add more pools. Some LPs who have deposited on pre-deposit campaign haven’t even started LPing since vASTR bridge isn’t launched yet.
2. Although we could have immediately converted the bridged ASTR into our LP to increase TVL, we chose not to. We thought it would be inappropriate to modify users’ capital without their anticipation. Instead, since both partners Sake and Untitled allow deposits of bridged ASTR as is and have no lockup period, we decided to strengthen our partnership by redirecting TVL to these core partner protocols. After all, we need to grow together as an ecosystem!
   We also thought it would be better in the long run to use this opportunity to build trust that KYO is a protocol that always prioritizes its users’ benefits.