Top Tweets for #MemeToo
Introducing Weero, the Next Liquidity Hub on Kaia
♻️ https://t.co/9gs40sboiZ
As the @KaiaChain Ecosystem enters a new phase of growth with millions of potential users through messenger integration, we built Weero — a V2/V3 DEX with integrated aggregator. Read more:
시장 고인물로 있다보니, 느껴지는 건 작은 파도는 왔다 가더라도, 거대 불장은 그냥 오지 않고, 진짜 집중된 드라이버가 있어야 함.
앞으로, 여기는 무조건 스테이블코인과 결제쪽이 드라이브 할거라고 생각함. 이건 Adoption에 투자 분위기도 무관한 영역이라 진짜 쎈놈임.
앞으로 올 것 같다도 아니고, 첫 불장온지 8년이 지난 지금, 이제 정말 비트코인이 보여준 영역 중 "가치저장 + 송금"의 영역이 대중화 되고 있음.
*수요: 강함 / 인프라: 이미 많음 / 규제: 맞게 가고 있음
크립토를 활용한 결제 송금 분류
- 국가 내: 어차피 자체 화폐씀. 비트코인 결제도, 사실 비트코인을 화폐로 활용하는 경우는 매우 드믈고 사실상 뒷단 정산에 활용
- 개인간 국제 송금: 스테이블 코인이 빠르게 잠식
- 사업자간 국제 송금: 서비스 제공자 백엔드에서 스테이블 코인 활용
- 메인넷들: 위 transaction을 지원하는 효율적인 인프라
$BUG LFG‼🚀🚀🔥🔥
Gundam BUG
@BugMemeKAIA @iwantred3 @CaveDAO_org
#KAIA #KaiaMemeCoin #BugMeme #MEMETOO #CaveDAO #SHIBAWA #AVALON
$BUG LFG‼🚀🚀🔥🔥
Chill BUG
@BugMemeKAIA @iwantred3 @Iam_JohnCho @CaveDAO_org
#KAIA #KaiaMemeCoin #BugMeme #MEMETOO #CaveDAO #SHIBAWA #AVALON
[A Six-Month Retrospective on KaiaFun and Our Vision Forward]
📌 From a builder and protocol's perspective who loves to @BuildOnKaia 🛠️
📌 Coming Soon: A new DEX "for Degens™"
1/ We launched KaiaFun in September, inspired by the success of @Pumpdotfun on Solana. It showed how a core app could elevate an entire L1 ecosystem. We wanted to watch the replication of this same protocol-to-chain growth transition on @KaiaChain, and since no one was building a speculative yet product-driven launchpad at that time, we decided to create it ourselves.
2/ We believe that DeFi's greatest strength is its function as money legos. Since every protocol is transparently deployed on-chain (and is open source, at least some of their ABIs, lmao), various protocols can connect with each other's products and grow together.
3/ The simple playbook would be forking successful products from other chains, but we sought more ways to align with other players in Kaia and leverage its growing DeFi environment and building blocks.
4/ What impressed us most about Kaia was its evolution from a private chain with traditional companies as GCs (Validators) to a more decentralized network with diverse stakeholders and protocol-centric companies.
Validators launched their own LSD assets (Liquid Staking Derivatives) to give control and listen to delegator opinions, engaging communities transparently. Examples include @LairFinance's $stKAIA and @Swapscanner's $GCKAIA.
Among EVM chains, we think Kaia shows the most impressive growth in this aspect. That's why our favorite KIP (Kaia Improvement Proposal) will always be CNStaking.
5/ Like other ecosystems we've observed such as Cosmos, our thesis was that Kaia would gradually see validators and LSD providers gain influence based on their delegated KAIA amounts, which they'll naturally want to increase. The Kaia Foundation and holders also would want native tokens to be staked.
6/ Memecoin launchpads typically operate with users speculating against the contract using virtual prices determined by its bonding curve. Once 80% of tokens on the curve are sold, the curve deploys the remaining 20% of tokens paired with the native tokens from buyers to CPAMM based DEX ("migration").
7/ Instead of simply deploying liquidity with KAIA, we used LSD services to deposit KAIA with validators, issuing new LSD to pair with tokens. This benefits all parties in the cycle: LSD protocols (providers), validators, DEXs, and the Kaia Foundation.
What LSD Providers and validators want most is to increase the issuance of LSD (i.e., the amount of delegated KAIA) / And what they want to avoid is direct undelegation from stKAIA. The solution is to create sufficient market liquidity for LSDs so users can sell them in the market.
KaiaFun continuously increases LSD issuance on liquidity migration. Additionally, when killer memecoins emerge via KaiaFun and create additional pools paired with other coins like KAIA or stablecoins with enough liquidity, this will enable stKAIA-Memecoin-(...)-KAIA swap routes and increase stKAIA's market liquidity, helping users exit at better prices while preventing increases in KAIA circulation.
8/ For this experiment, we partnered with @LairFinance and used $stKAIA. Their strong community cohesion greatly helped viralize the product. Not just because of us, but thanks to their excellent product and continuous efforts like $rstKAIA (Liquid (Re)staking to power LINE MiniDapps and more), Lair's LSD now holds $5.4M liquidity—the second-largest in Kaia after KAIA itself.
9/ Wouldn't there be difficulties with price discovery with those pairs?
Luckily, Kaia has @Swapscanner, a high-performance DEX aggregator and another valued partner of ours.
Thanks to their high-performance navigator which connects KAIA-stKAIA-memecoin routes utilizing multiple pools in the entire ecosystem, there was no friction in the degen experience at all.
And that was it. With Lair, DragonSwap, and Swapscanner, our first experimental DeFi flywheel was complete. We're grateful to them for creating and providing excellent money legos to our team and the ecosystem.
10/ Over three months, numerous memecoins had been launched and migrated, and we staked over 1 million KAIA with validators and locked it as DragonSwap LP (which is locked forever with accrued fees in KAIA). Six of the top 10 TVL pools in DragonSwap V2 were created through us.
11/ Six months after launch, perhaps as a natural result of initial hype, KaiaFun's activation frequency decreased except during interesting ecosystem events. It was of course still fun to watch and see the latest Kaia drama, but rather than waiting for the next Kaia memecoin season, we decided to build more infrastructure for Kaia DeFi.
12/ While building, we realized Kaia needs more infrastructure, legos, and preparation to onboard the masses. The most common feedback we received from the community was requests to build DEXes and other solid protocols that interconnect with other protocols, and most importantly, are "fun (like KaiaFun)" and trader-friendly — "for degens."
13/ So that's exactly what we're going to do next. We're creating a new DEX (for degens) and more protocols with it on Kaia, not only adding dashboard features to make trading existing memecoins and assets easier.
This will prevent external protocol TVL leaks to exchanges during token migrations, while allowing WEERO (our upcoming token to be airdropped to KaiaFun users) to absorb value from protocol growth. Newly tokenized assets and LINE DApps on Kaia will be able to easily deploy & manage Uniswap V2/V3 based liquidity pools. (Users will be finally able to @PlayonKaia)
14/ "Memecoin liquidity that benefits all ecosystem participants"
Once this growth is complete, users will be able to purchase memecoins at better prices using various assets as input tokens. We'll also share interfaces and SDKs with other services and integrate core pools from other DEXes for in-app route exploration, allowing us to grow together with other Kaia protocols.
15/ The DEX will be called Weero, offering the same experience and value capture opportunities as KaiaFun, not as a separate product but as one brand umbrella. Having a protocol-owned DEX, like other Ethereum products, will make it easier for users to fully absorb all value in our future protocol expansions/partnerships.
16/ We'll continue the experiments with creating "liquidity flywheels" on Kaia. By growing this liquidity-absorbing cycle, we want to drive Kaia's growth and help numerous assets flourish.
Please look forward to March-April, when we'll restart KaiaFun's SuperFast™ innovation through our new exchange launch and points system (we'll try to make it fun, we feel your tiredness grinding).
That's all for today, folks.
Stay Funny! 🌱
![weerofinance's tweet photo. [A Six-Month Retrospective on KaiaFun and Our Vision Forward]
📌 From a builder and protocol's perspective who loves to @BuildOnKaia 🛠️
📌 Coming Soon: A new DEX "for Degens™"
1/ We launched KaiaFun in September, inspired by the success of @Pumpdotfun on Solana. It showed how a core app could elevate an entire L1 ecosystem. We wanted to watch the replication of this same protocol-to-chain growth transition on @KaiaChain, and since no one was building a speculative yet product-driven launchpad at that time, we decided to create it ourselves.
2/ We believe that DeFi's greatest strength is its function as money legos. Since every protocol is transparently deployed on-chain (and is open source, at least some of their ABIs, lmao), various protocols can connect with each other's products and grow together.
3/ The simple playbook would be forking successful products from other chains, but we sought more ways to align with other players in Kaia and leverage its growing DeFi environment and building blocks.
4/ What impressed us most about Kaia was its evolution from a private chain with traditional companies as GCs (Validators) to a more decentralized network with diverse stakeholders and protocol-centric companies.
Validators launched their own LSD assets (Liquid Staking Derivatives) to give control and listen to delegator opinions, engaging communities transparently. Examples include @LairFinance's $stKAIA and @Swapscanner's $GCKAIA.
Among EVM chains, we think Kaia shows the most impressive growth in this aspect. That's why our favorite KIP (Kaia Improvement Proposal) will always be CNStaking.
5/ Like other ecosystems we've observed such as Cosmos, our thesis was that Kaia would gradually see validators and LSD providers gain influence based on their delegated KAIA amounts, which they'll naturally want to increase. The Kaia Foundation and holders also would want native tokens to be staked.
6/ Memecoin launchpads typically operate with users speculating against the contract using virtual prices determined by its bonding curve. Once 80% of tokens on the curve are sold, the curve deploys the remaining 20% of tokens paired with the native tokens from buyers to CPAMM based DEX ("migration").
7/ Instead of simply deploying liquidity with KAIA, we used LSD services to deposit KAIA with validators, issuing new LSD to pair with tokens. This benefits all parties in the cycle: LSD protocols (providers), validators, DEXs, and the Kaia Foundation.
What LSD Providers and validators want most is to increase the issuance of LSD (i.e., the amount of delegated KAIA) / And what they want to avoid is direct undelegation from stKAIA. The solution is to create sufficient market liquidity for LSDs so users can sell them in the market.
KaiaFun continuously increases LSD issuance on liquidity migration. Additionally, when killer memecoins emerge via KaiaFun and create additional pools paired with other coins like KAIA or stablecoins with enough liquidity, this will enable stKAIA-Memecoin-(...)-KAIA swap routes and increase stKAIA's market liquidity, helping users exit at better prices while preventing increases in KAIA circulation.
8/ For this experiment, we partnered with @LairFinance and used $stKAIA. Their strong community cohesion greatly helped viralize the product. Not just because of us, but thanks to their excellent product and continuous efforts like $rstKAIA (Liquid (Re)staking to power LINE MiniDapps and more), Lair's LSD now holds $5.4M liquidity—the second-largest in Kaia after KAIA itself.
9/ Wouldn't there be difficulties with price discovery with those pairs?
Luckily, Kaia has @Swapscanner, a high-performance DEX aggregator and another valued partner of ours.
Thanks to their high-performance navigator which connects KAIA-stKAIA-memecoin routes utilizing multiple pools in the entire ecosystem, there was no friction in the degen experience at all.
And that was it. With Lair, DragonSwap, and Swapscanner, our first experimental DeFi flywheel was complete. We're grateful to them for creating and providing excellent money legos to our team and the ecosystem.
10/ Over three months, numerous memecoins had been launched and migrated, and we staked over 1 million KAIA with validators and locked it as DragonSwap LP (which is locked forever with accrued fees in KAIA). Six of the top 10 TVL pools in DragonSwap V2 were created through us.
11/ Six months after launch, perhaps as a natural result of initial hype, KaiaFun's activation frequency decreased except during interesting ecosystem events. It was of course still fun to watch and see the latest Kaia drama, but rather than waiting for the next Kaia memecoin season, we decided to build more infrastructure for Kaia DeFi.
12/ While building, we realized Kaia needs more infrastructure, legos, and preparation to onboard the masses. The most common feedback we received from the community was requests to build DEXes and other solid protocols that interconnect with other protocols, and most importantly, are "fun (like KaiaFun)" and trader-friendly — "for degens."
13/ So that's exactly what we're going to do next. We're creating a new DEX (for degens) and more protocols with it on Kaia, not only adding dashboard features to make trading existing memecoins and assets easier.
This will prevent external protocol TVL leaks to exchanges during token migrations, while allowing WEERO (our upcoming token to be airdropped to KaiaFun users) to absorb value from protocol growth. Newly tokenized assets and LINE DApps on Kaia will be able to easily deploy & manage Uniswap V2/V3 based liquidity pools. (Users will be finally able to @PlayonKaia)
14/ "Memecoin liquidity that benefits all ecosystem participants"
Once this growth is complete, users will be able to purchase memecoins at better prices using various assets as input tokens. We'll also share interfaces and SDKs with other services and integrate core pools from other DEXes for in-app route exploration, allowing us to grow together with other Kaia protocols.
15/ The DEX will be called Weero, offering the same experience and value capture opportunities as KaiaFun, not as a separate product but as one brand umbrella. Having a protocol-owned DEX, like other Ethereum products, will make it easier for users to fully absorb all value in our future protocol expansions/partnerships.
16/ We'll continue the experiments with creating "liquidity flywheels" on Kaia. By growing this liquidity-absorbing cycle, we want to drive Kaia's growth and help numerous assets flourish.
Please look forward to March-April, when we'll restart KaiaFun's SuperFast™ innovation through our new exchange launch and points system (we'll try to make it fun, we feel your tiredness grinding).
That's all for today, folks.
Stay Funny! 🌱](https://pbs.twimg.com/media/GmX4HksbwAAmyIv.jpg)
![weerofinance's tweet photo. [A Six-Month Retrospective on KaiaFun and Our Vision Forward]
📌 From a builder and protocol's perspective who loves to @BuildOnKaia 🛠️
📌 Coming Soon: A new DEX "for Degens™"
1/ We launched KaiaFun in September, inspired by the success of @Pumpdotfun on Solana. It showed how a core app could elevate an entire L1 ecosystem. We wanted to watch the replication of this same protocol-to-chain growth transition on @KaiaChain, and since no one was building a speculative yet product-driven launchpad at that time, we decided to create it ourselves.
2/ We believe that DeFi's greatest strength is its function as money legos. Since every protocol is transparently deployed on-chain (and is open source, at least some of their ABIs, lmao), various protocols can connect with each other's products and grow together.
3/ The simple playbook would be forking successful products from other chains, but we sought more ways to align with other players in Kaia and leverage its growing DeFi environment and building blocks.
4/ What impressed us most about Kaia was its evolution from a private chain with traditional companies as GCs (Validators) to a more decentralized network with diverse stakeholders and protocol-centric companies.
Validators launched their own LSD assets (Liquid Staking Derivatives) to give control and listen to delegator opinions, engaging communities transparently. Examples include @LairFinance's $stKAIA and @Swapscanner's $GCKAIA.
Among EVM chains, we think Kaia shows the most impressive growth in this aspect. That's why our favorite KIP (Kaia Improvement Proposal) will always be CNStaking.
5/ Like other ecosystems we've observed such as Cosmos, our thesis was that Kaia would gradually see validators and LSD providers gain influence based on their delegated KAIA amounts, which they'll naturally want to increase. The Kaia Foundation and holders also would want native tokens to be staked.
6/ Memecoin launchpads typically operate with users speculating against the contract using virtual prices determined by its bonding curve. Once 80% of tokens on the curve are sold, the curve deploys the remaining 20% of tokens paired with the native tokens from buyers to CPAMM based DEX ("migration").
7/ Instead of simply deploying liquidity with KAIA, we used LSD services to deposit KAIA with validators, issuing new LSD to pair with tokens. This benefits all parties in the cycle: LSD protocols (providers), validators, DEXs, and the Kaia Foundation.
What LSD Providers and validators want most is to increase the issuance of LSD (i.e., the amount of delegated KAIA) / And what they want to avoid is direct undelegation from stKAIA. The solution is to create sufficient market liquidity for LSDs so users can sell them in the market.
KaiaFun continuously increases LSD issuance on liquidity migration. Additionally, when killer memecoins emerge via KaiaFun and create additional pools paired with other coins like KAIA or stablecoins with enough liquidity, this will enable stKAIA-Memecoin-(...)-KAIA swap routes and increase stKAIA's market liquidity, helping users exit at better prices while preventing increases in KAIA circulation.
8/ For this experiment, we partnered with @LairFinance and used $stKAIA. Their strong community cohesion greatly helped viralize the product. Not just because of us, but thanks to their excellent product and continuous efforts like $rstKAIA (Liquid (Re)staking to power LINE MiniDapps and more), Lair's LSD now holds $5.4M liquidity—the second-largest in Kaia after KAIA itself.
9/ Wouldn't there be difficulties with price discovery with those pairs?
Luckily, Kaia has @Swapscanner, a high-performance DEX aggregator and another valued partner of ours.
Thanks to their high-performance navigator which connects KAIA-stKAIA-memecoin routes utilizing multiple pools in the entire ecosystem, there was no friction in the degen experience at all.
And that was it. With Lair, DragonSwap, and Swapscanner, our first experimental DeFi flywheel was complete. We're grateful to them for creating and providing excellent money legos to our team and the ecosystem.
10/ Over three months, numerous memecoins had been launched and migrated, and we staked over 1 million KAIA with validators and locked it as DragonSwap LP (which is locked forever with accrued fees in KAIA). Six of the top 10 TVL pools in DragonSwap V2 were created through us.
11/ Six months after launch, perhaps as a natural result of initial hype, KaiaFun's activation frequency decreased except during interesting ecosystem events. It was of course still fun to watch and see the latest Kaia drama, but rather than waiting for the next Kaia memecoin season, we decided to build more infrastructure for Kaia DeFi.
12/ While building, we realized Kaia needs more infrastructure, legos, and preparation to onboard the masses. The most common feedback we received from the community was requests to build DEXes and other solid protocols that interconnect with other protocols, and most importantly, are "fun (like KaiaFun)" and trader-friendly — "for degens."
13/ So that's exactly what we're going to do next. We're creating a new DEX (for degens) and more protocols with it on Kaia, not only adding dashboard features to make trading existing memecoins and assets easier.
This will prevent external protocol TVL leaks to exchanges during token migrations, while allowing WEERO (our upcoming token to be airdropped to KaiaFun users) to absorb value from protocol growth. Newly tokenized assets and LINE DApps on Kaia will be able to easily deploy & manage Uniswap V2/V3 based liquidity pools. (Users will be finally able to @PlayonKaia)
14/ "Memecoin liquidity that benefits all ecosystem participants"
Once this growth is complete, users will be able to purchase memecoins at better prices using various assets as input tokens. We'll also share interfaces and SDKs with other services and integrate core pools from other DEXes for in-app route exploration, allowing us to grow together with other Kaia protocols.
15/ The DEX will be called Weero, offering the same experience and value capture opportunities as KaiaFun, not as a separate product but as one brand umbrella. Having a protocol-owned DEX, like other Ethereum products, will make it easier for users to fully absorb all value in our future protocol expansions/partnerships.
16/ We'll continue the experiments with creating "liquidity flywheels" on Kaia. By growing this liquidity-absorbing cycle, we want to drive Kaia's growth and help numerous assets flourish.
Please look forward to March-April, when we'll restart KaiaFun's SuperFast™ innovation through our new exchange launch and points system (we'll try to make it fun, we feel your tiredness grinding).
That's all for today, folks.
Stay Funny! 🌱](https://pbs.twimg.com/media/GmX3-MobEAAdgIi.jpg)
![weerofinance's tweet photo. [A Six-Month Retrospective on KaiaFun and Our Vision Forward]
📌 From a builder and protocol's perspective who loves to @BuildOnKaia 🛠️
📌 Coming Soon: A new DEX "for Degens™"
1/ We launched KaiaFun in September, inspired by the success of @Pumpdotfun on Solana. It showed how a core app could elevate an entire L1 ecosystem. We wanted to watch the replication of this same protocol-to-chain growth transition on @KaiaChain, and since no one was building a speculative yet product-driven launchpad at that time, we decided to create it ourselves.
2/ We believe that DeFi's greatest strength is its function as money legos. Since every protocol is transparently deployed on-chain (and is open source, at least some of their ABIs, lmao), various protocols can connect with each other's products and grow together.
3/ The simple playbook would be forking successful products from other chains, but we sought more ways to align with other players in Kaia and leverage its growing DeFi environment and building blocks.
4/ What impressed us most about Kaia was its evolution from a private chain with traditional companies as GCs (Validators) to a more decentralized network with diverse stakeholders and protocol-centric companies.
Validators launched their own LSD assets (Liquid Staking Derivatives) to give control and listen to delegator opinions, engaging communities transparently. Examples include @LairFinance's $stKAIA and @Swapscanner's $GCKAIA.
Among EVM chains, we think Kaia shows the most impressive growth in this aspect. That's why our favorite KIP (Kaia Improvement Proposal) will always be CNStaking.
5/ Like other ecosystems we've observed such as Cosmos, our thesis was that Kaia would gradually see validators and LSD providers gain influence based on their delegated KAIA amounts, which they'll naturally want to increase. The Kaia Foundation and holders also would want native tokens to be staked.
6/ Memecoin launchpads typically operate with users speculating against the contract using virtual prices determined by its bonding curve. Once 80% of tokens on the curve are sold, the curve deploys the remaining 20% of tokens paired with the native tokens from buyers to CPAMM based DEX ("migration").
7/ Instead of simply deploying liquidity with KAIA, we used LSD services to deposit KAIA with validators, issuing new LSD to pair with tokens. This benefits all parties in the cycle: LSD protocols (providers), validators, DEXs, and the Kaia Foundation.
What LSD Providers and validators want most is to increase the issuance of LSD (i.e., the amount of delegated KAIA) / And what they want to avoid is direct undelegation from stKAIA. The solution is to create sufficient market liquidity for LSDs so users can sell them in the market.
KaiaFun continuously increases LSD issuance on liquidity migration. Additionally, when killer memecoins emerge via KaiaFun and create additional pools paired with other coins like KAIA or stablecoins with enough liquidity, this will enable stKAIA-Memecoin-(...)-KAIA swap routes and increase stKAIA's market liquidity, helping users exit at better prices while preventing increases in KAIA circulation.
8/ For this experiment, we partnered with @LairFinance and used $stKAIA. Their strong community cohesion greatly helped viralize the product. Not just because of us, but thanks to their excellent product and continuous efforts like $rstKAIA (Liquid (Re)staking to power LINE MiniDapps and more), Lair's LSD now holds $5.4M liquidity—the second-largest in Kaia after KAIA itself.
9/ Wouldn't there be difficulties with price discovery with those pairs?
Luckily, Kaia has @Swapscanner, a high-performance DEX aggregator and another valued partner of ours.
Thanks to their high-performance navigator which connects KAIA-stKAIA-memecoin routes utilizing multiple pools in the entire ecosystem, there was no friction in the degen experience at all.
And that was it. With Lair, DragonSwap, and Swapscanner, our first experimental DeFi flywheel was complete. We're grateful to them for creating and providing excellent money legos to our team and the ecosystem.
10/ Over three months, numerous memecoins had been launched and migrated, and we staked over 1 million KAIA with validators and locked it as DragonSwap LP (which is locked forever with accrued fees in KAIA). Six of the top 10 TVL pools in DragonSwap V2 were created through us.
11/ Six months after launch, perhaps as a natural result of initial hype, KaiaFun's activation frequency decreased except during interesting ecosystem events. It was of course still fun to watch and see the latest Kaia drama, but rather than waiting for the next Kaia memecoin season, we decided to build more infrastructure for Kaia DeFi.
12/ While building, we realized Kaia needs more infrastructure, legos, and preparation to onboard the masses. The most common feedback we received from the community was requests to build DEXes and other solid protocols that interconnect with other protocols, and most importantly, are "fun (like KaiaFun)" and trader-friendly — "for degens."
13/ So that's exactly what we're going to do next. We're creating a new DEX (for degens) and more protocols with it on Kaia, not only adding dashboard features to make trading existing memecoins and assets easier.
This will prevent external protocol TVL leaks to exchanges during token migrations, while allowing WEERO (our upcoming token to be airdropped to KaiaFun users) to absorb value from protocol growth. Newly tokenized assets and LINE DApps on Kaia will be able to easily deploy & manage Uniswap V2/V3 based liquidity pools. (Users will be finally able to @PlayonKaia)
14/ "Memecoin liquidity that benefits all ecosystem participants"
Once this growth is complete, users will be able to purchase memecoins at better prices using various assets as input tokens. We'll also share interfaces and SDKs with other services and integrate core pools from other DEXes for in-app route exploration, allowing us to grow together with other Kaia protocols.
15/ The DEX will be called Weero, offering the same experience and value capture opportunities as KaiaFun, not as a separate product but as one brand umbrella. Having a protocol-owned DEX, like other Ethereum products, will make it easier for users to fully absorb all value in our future protocol expansions/partnerships.
16/ We'll continue the experiments with creating "liquidity flywheels" on Kaia. By growing this liquidity-absorbing cycle, we want to drive Kaia's growth and help numerous assets flourish.
Please look forward to March-April, when we'll restart KaiaFun's SuperFast™ innovation through our new exchange launch and points system (we'll try to make it fun, we feel your tiredness grinding).
That's all for today, folks.
Stay Funny! 🌱](https://pbs.twimg.com/media/GmX334ca8AYm2h4.jpg)
![weerofinance's tweet photo. [A Six-Month Retrospective on KaiaFun and Our Vision Forward]
📌 From a builder and protocol's perspective who loves to @BuildOnKaia 🛠️
📌 Coming Soon: A new DEX "for Degens™"
1/ We launched KaiaFun in September, inspired by the success of @Pumpdotfun on Solana. It showed how a core app could elevate an entire L1 ecosystem. We wanted to watch the replication of this same protocol-to-chain growth transition on @KaiaChain, and since no one was building a speculative yet product-driven launchpad at that time, we decided to create it ourselves.
2/ We believe that DeFi's greatest strength is its function as money legos. Since every protocol is transparently deployed on-chain (and is open source, at least some of their ABIs, lmao), various protocols can connect with each other's products and grow together.
3/ The simple playbook would be forking successful products from other chains, but we sought more ways to align with other players in Kaia and leverage its growing DeFi environment and building blocks.
4/ What impressed us most about Kaia was its evolution from a private chain with traditional companies as GCs (Validators) to a more decentralized network with diverse stakeholders and protocol-centric companies.
Validators launched their own LSD assets (Liquid Staking Derivatives) to give control and listen to delegator opinions, engaging communities transparently. Examples include @LairFinance's $stKAIA and @Swapscanner's $GCKAIA.
Among EVM chains, we think Kaia shows the most impressive growth in this aspect. That's why our favorite KIP (Kaia Improvement Proposal) will always be CNStaking.
5/ Like other ecosystems we've observed such as Cosmos, our thesis was that Kaia would gradually see validators and LSD providers gain influence based on their delegated KAIA amounts, which they'll naturally want to increase. The Kaia Foundation and holders also would want native tokens to be staked.
6/ Memecoin launchpads typically operate with users speculating against the contract using virtual prices determined by its bonding curve. Once 80% of tokens on the curve are sold, the curve deploys the remaining 20% of tokens paired with the native tokens from buyers to CPAMM based DEX ("migration").
7/ Instead of simply deploying liquidity with KAIA, we used LSD services to deposit KAIA with validators, issuing new LSD to pair with tokens. This benefits all parties in the cycle: LSD protocols (providers), validators, DEXs, and the Kaia Foundation.
What LSD Providers and validators want most is to increase the issuance of LSD (i.e., the amount of delegated KAIA) / And what they want to avoid is direct undelegation from stKAIA. The solution is to create sufficient market liquidity for LSDs so users can sell them in the market.
KaiaFun continuously increases LSD issuance on liquidity migration. Additionally, when killer memecoins emerge via KaiaFun and create additional pools paired with other coins like KAIA or stablecoins with enough liquidity, this will enable stKAIA-Memecoin-(...)-KAIA swap routes and increase stKAIA's market liquidity, helping users exit at better prices while preventing increases in KAIA circulation.
8/ For this experiment, we partnered with @LairFinance and used $stKAIA. Their strong community cohesion greatly helped viralize the product. Not just because of us, but thanks to their excellent product and continuous efforts like $rstKAIA (Liquid (Re)staking to power LINE MiniDapps and more), Lair's LSD now holds $5.4M liquidity—the second-largest in Kaia after KAIA itself.
9/ Wouldn't there be difficulties with price discovery with those pairs?
Luckily, Kaia has @Swapscanner, a high-performance DEX aggregator and another valued partner of ours.
Thanks to their high-performance navigator which connects KAIA-stKAIA-memecoin routes utilizing multiple pools in the entire ecosystem, there was no friction in the degen experience at all.
And that was it. With Lair, DragonSwap, and Swapscanner, our first experimental DeFi flywheel was complete. We're grateful to them for creating and providing excellent money legos to our team and the ecosystem.
10/ Over three months, numerous memecoins had been launched and migrated, and we staked over 1 million KAIA with validators and locked it as DragonSwap LP (which is locked forever with accrued fees in KAIA). Six of the top 10 TVL pools in DragonSwap V2 were created through us.
11/ Six months after launch, perhaps as a natural result of initial hype, KaiaFun's activation frequency decreased except during interesting ecosystem events. It was of course still fun to watch and see the latest Kaia drama, but rather than waiting for the next Kaia memecoin season, we decided to build more infrastructure for Kaia DeFi.
12/ While building, we realized Kaia needs more infrastructure, legos, and preparation to onboard the masses. The most common feedback we received from the community was requests to build DEXes and other solid protocols that interconnect with other protocols, and most importantly, are "fun (like KaiaFun)" and trader-friendly — "for degens."
13/ So that's exactly what we're going to do next. We're creating a new DEX (for degens) and more protocols with it on Kaia, not only adding dashboard features to make trading existing memecoins and assets easier.
This will prevent external protocol TVL leaks to exchanges during token migrations, while allowing WEERO (our upcoming token to be airdropped to KaiaFun users) to absorb value from protocol growth. Newly tokenized assets and LINE DApps on Kaia will be able to easily deploy & manage Uniswap V2/V3 based liquidity pools. (Users will be finally able to @PlayonKaia)
14/ "Memecoin liquidity that benefits all ecosystem participants"
Once this growth is complete, users will be able to purchase memecoins at better prices using various assets as input tokens. We'll also share interfaces and SDKs with other services and integrate core pools from other DEXes for in-app route exploration, allowing us to grow together with other Kaia protocols.
15/ The DEX will be called Weero, offering the same experience and value capture opportunities as KaiaFun, not as a separate product but as one brand umbrella. Having a protocol-owned DEX, like other Ethereum products, will make it easier for users to fully absorb all value in our future protocol expansions/partnerships.
16/ We'll continue the experiments with creating "liquidity flywheels" on Kaia. By growing this liquidity-absorbing cycle, we want to drive Kaia's growth and help numerous assets flourish.
Please look forward to March-April, when we'll restart KaiaFun's SuperFast™ innovation through our new exchange launch and points system (we'll try to make it fun, we feel your tiredness grinding).
That's all for today, folks.
Stay Funny! 🌱](https://pbs.twimg.com/media/GmXwl9ya8AAYMUx.jpg)
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