Kyo finance - dApp Staking Application

Welcome to Astar ! :star:
Glad to see KYO applying to dApp staking. I was using the dApp from the beginning so I’m more than happy to support this proposal :grinning_face_with_smiling_eyes:

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Since there were multiple relevant replies, I’ll reply here in general. Our first goal is to raise the value of ASTR itself through various utilities so that stakeholders in general can benefit. Most of the rewards will be used to bribe ASTR-LST pairs to fuel the ASTR flywheel. However, it is a valid point that we should also reward dApp staking voters separately. We’ll allocate part of the dApp staking reward and distribute it to the voters pro rata based on their voting shares when we get access to that data. We’re not sure yet how many ASTRs per epoch we might get, so can’t fix the exact amount now, but we’ll adjust rates according to the tiers so that it can incentivize stakeholders to vote for us! :grinning_face:

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Great, this is the response I was hoping to hear! This kind of answer further highlights your way of operating and shows how much you value the community for a shared growth process. I want to clarify that my comment was not directed at you specifically; rather, it was a general observation. During election times, I believe it’s appropriate to point out potential improvements for both sides. Thank you again for choosing to join the program and for the attitude shown in your response.

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Thanks for all the support and suggestions!
@Community_Council May I now ask community council to proceed with the next step?
Our native astar wallet address is : W5pWvSj51oVWXqo8XHAep5BXsg73Vk9KRC6Tf97hmcyX8FG
Deployed contract address on AstarEVM is 0x8582EC9E183a8c5C1c32A7d62eE662ee460061A5
for registration.

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We genuinely appreciate Kyo’s support for Astake and its efforts to expand ASTR’s utility and potential on Soneium. Since everyone is already aware of Kyo’s contribution, I’ll make my answer short:
An absolute AYE!

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Hi Friend,

Note that Kyo Finance onboarding in dApp staking has been approved. However, due to the recent hack and pause of the dApp staking system, the actual onboarding will be effective once dApp staking is unpaused.

Congrats and welcome on board!

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Thanks @Mouthmouth68 ! Totally understand. Recent accident at Neemo was a true tragedy. Hope all astar community recovers from it asap and we’ll do our best.

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Hi @Kai

Kyo Finance is now listed on dApp staking. You can now promote your dApp in search of staker :wink:

Good luck and congratulation again

@Community_Council

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