KDAO Official V2 Migration

Karmadao
2 min readJan 16, 2022

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We are happy to announce the official migration to our updated staking protocol! — the first AutoStaking protocol on AVAX. We are bringing an unparalleled, fixed APY of 153.700.54% onto the AVAX network, while imposing profound ease, simplicity, and accessibility upon all KDAO token holders.

The KDAO protocol is heavily inspired by TITANO, Olympus and Multi Chain Capital which is why it combines and utilizes the best features and components of each, while delivering additional ease and simplicity. As a result of the AutoStaking feature empowering the KDAO protocol, token holders no longer have to go through numerous processes to attain viable returns and compound their investments. With KDAO, individuals simply purchase the token and hold, while the rewards get distributed to them on a continuous basis. This allows for a new segment of actual ‘set and forget’ passive investment strategies to appear on the AVAX Network

KDAO enables its holders to extensively compound their investment and returns, as the protocol rebases with the APY of153.700.54% every 30 minutes, 48 times a day.

Seeing the size of this APY, one may wonder — how is such APY attainable?

KDAO leverages a number of revenue-generating mechanisms:

Protocol-owned Liquidity

Employing the use of protocol-owned liquidity (POL) in combination with the underlying mechanics of TITANO is a key distinction that enables KDAO to generate an additional revenue stream allowing it to deliver additional added value and increased APY to its token holders.

Yield Farming

KDAO seeks yield-generating opportunities across different protocols and chains. AVAX is hence the perfect place to be, as an increasing number of yield farms with substantial APYs are emerging in this ecosystem, enabling KDAO to deliver additional added value and returns.

Buy and sell fees

The protocol takes a portion of the trading fees (buying and selling) and utilizes these to further sustain and back the protocol and its liquidity.

Additional revenue-generating streams will be introduced to the protocol, as it grows and matures over time. However, these are the core revenue-generating mechanisms that KDAO has resorted to from its inception.

Launch

The Migration to our V2 will be an easy process. Simply head to our website and use the button designated to swapping your Karma token with KDAO. The conversion will take place at a 1:1 ratio, this will apply to all Karma holders swapping into the KDAO token. We will be launching our protocol Jan 19th 2022.
Overview of tokenomics

-Token KDAO

-APY 153700.54%

Staking rate 0.04189%

Rebase @poch 30min

Trading Fees
Buy- 14% automatic LP 5% Risk free value 5% Treasury 4%

Sell- 19% Automatic LP 5% Risk free Value 5% Treasury 9%

RFV The RFV dedicated to buy back and burns of $LDAO Tokens when the AVAX/KDAO Pair is equal or greater then 2.5% of the total supply

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Karmadao

KarmaDAO is ascending onto the #AVAX Network! $KARMA is an OHM fork with a built in lottery game that rewards stakers weekly