New synthetics are here! The protocol is starting off with kxUSD, a USD pegged algorithmic stablecoin. Why kxUSD? The dollar continues to dominate in volumes across all platforms, being the main medium of exchange. That, and the arbitrage possibilities of algo stablecoins, are a powerful way to grow the liquidity…
We’re ready to introduce a new USD pegged synthetic token as previously announced — kxUSD. Our choice fell on USD because it’s the most popular asset and we believe that it will help the protocol to get more adoption. The community was rightfully expecting it all this time! Always…
Dear Klondikers, congrats on the successful tokenswap! The migration took place from 23 March 6 PM UTC to 30 March 6 PM UTC.
KLON supply was originally set to 1,000,000 KLON. With the changes to the protocol pre-v2 version, 306,250 KLON left in V1 and were not swapped according the proposal, majorly reducing the FDV and making KLONX holders more whole as the dilution is now also reduced.
Total KLON swapped to KLONX — 452,596. Users swapped 146,344 tokens. 2,297 KLON left in V1 by users, 2297/(146344+2297)=1.5%. This shows that the community is super active and was almost fully able to migrate in a short timeframe. Good job everyone!
In an effort to improve the protocol and grow the value of KLON, we have previously mentioned some ideas which we believe would be beneficial for further expansion. One of such points was the idea for econ 2.0.
Exactly one month has passed since the start of Klondike Finance. From the very first day, hundreds of prospectors joined the Future-of-France goldrush and mined KLON. “And, how has it been so far?” — you might ask. Overall, much warmer than the local miners had it in the past.
In this post, we want to summarise the first rebase and our conclusions.
It should be said that we consider Klondike as a long-term project. Therefore everything that is happening now is extremely important — the calibration of the system will directly affect the stability during scaling. As an example…