It’s official — Kaia mainnet will be going live on 29 August!
With the incorporation of Kaia DLT Foundation in ADGM, the final key dependency is now complete and we are excited to announce that the Kaia mainnet will be launching on 29 August 2024.
Save the date, because we’ll be kicking off the mainnet launch with celebratory events and giveaways! Protip: Follow us on X so you won’t miss any of it :)
Fun stuff aside, there’s a bit more prep work that will need to be done. If you’re a builder or FNSA holder, here’s a quick overview of the noteworthy events that will be taking place leading up to, and after the launch of the merged mainnet.
23 Aug: Staking will be disabled on Finschia
After the on-chain parameter changes, staking will no longer generate rewards on Finschia. As such, staking and redelegation on Finschia will be disabled on 23 August.
26 Aug: On-Chain Parameter Changes for Klaytn and Finschia
Various Klaytn and Finschia on-chain parameters, including inflation and reward rates, will be updated on 19 August to match the Kaia Rewards policy as outlined in the integration proposal. These updates will be submitted as governance proposals for each chain ahead of time to undergo the established governance processes. In the meantime, you can read the full proposals submitted here (#1, #2).
27 Aug: FGM Validator Offboarding
On 27 August, the Finschia Governance Members will offboard, deactivating their Finschia validator nodes to join the Kaia Governance Council. In their place, foundation-directed nodes will be activated.
28 Aug: Finschia mainnet updates
In preparation for the launch of the Kaia mainnet, the Finschia mainnet will undergo a final round of update. In the meantime, exchanges may suspend deposits and withdrawals for FNSA exchanges in preparation for the Kaia Mainnet launch. The timing of this suspension may vary by exchange, so please refer to each exchange’s policies.
29 Aug: Launch of Kaia Portal
Kaia Portal will go live together with the launch of the Kaia mainnet. Kaia Portal is an official web service provided by the Kaia DLT Foundation and will serve as the gateway to the Kaia DeFi ecosystem. Through Kaia Portal, you will be able to quickly and easily buy, swap, stake, and more:
- Swapping FNSA to KAIA (read the guide here)
- Token swaps and bridging
- Fiat on-ramp
- DeFi-connected missions will be added post-launch
29 Aug: Launch of Kaia Square
Kaia Square will also be going live together with the mainnet. Beyond the features currently available on Klaytn Square, Kaia Square will also support Public Delegation, a staking feature that will allow you to delegate your KAIA to your preferred validator, adding to their voting power and gaining your proportionate share of block rewards. A guide to Kaia Square will be available at a later date.
Post-mainnet launch: KLAY to KAIA ticker update
Due to varying lead times required by the different exchanges, KAIA will temporarily continue to use KLAY as its ticker at launch. Post-launch, each exchange will update the ticker from KLAY to KAIA on their own timeline.
There’s a lot of moving parts to make the mainnet launch happen smoothly — subscribe to our blog and follow us on X to make sure you stay up to date!
