veKALA

Kalax is poised to integrate veKALA as its foundational DAO (Decentralized Autonomous Organization) system. This strategic move signifies a paradigm shift towards decentralized governance, empowering community members to actively participate in decision-making processes and shape the trajectory of the Kalax ecosystem. With veKALA at its core, Kalax is set to foster transparency, inclusivity, and collaboration, laying the groundwork for a vibrant and resilient decentralized community.

Governance: The DAO enables community members to propose and vote on protocol upgrades, fee adjustments, and strategic decisions, ensuring a decentralized and inclusive approach to governance.

Incentive Mechanisms: DAO-controlled incentive structures, such as liquidity mining programs and governance rewards, incentivize active participation and contribution from community members, driving engagement and network growth.

Pool Selections: The DAO community members propose and vote on new pools to implement current strategy or new strategy to add various options to newly created pools.

Utilities

Boost: Kalax Boost, also referred to as the early-phase incentive initiative by the team, is not a permanent fixture within the ecosystem. Its presence is finite, and once the time frame elapses, the Kalax Boost program will conclude. During this phase, only 1-2 vaults will be designated to receive the coveted Kalax Boost. The selection process for these vaults entails a democratic vote orchestrated by the DAO, ensuring community involvement and alignment with the collective vision of Kalax.

Private Benefit: In addition to contributing to the overall well-being of the ecosystem, veKALA holders have the opportunity to engage in receiving native tokens from other protocols. Collaboratively, Kalax and protocol teams will facilitate this process by subsidizing the activity. veKALA holders will have the privilege to participate in voting for the tokens they wish to acquire. After each time frame ends, voters will be entitled to a proportional share of the tokens they have endorsed. As an illustration, suppose there is a reward of $500 worth of Token A within a specific timeframe, and your vote commands an 80% share. In that case, you will receive the entirety of the $400 allocation.

Buyback KALA: The Buyback Mechanism of Kalax's native token (KALA) is designed to provide benefits to veKALA holders, offering them a unique opportunity to participate in the platform's growth and value appreciation. The amount and the eligibility of KALA tokens to be repurchased during each Buyback Event is determined by the DAO. The repurchased KALA tokens are allocated to the Kalax Boost program, which incentivizes liquidity provision and participation within the ecosystem. The cyclical nature of the Buyback Mechanism ensures a continuous flow of KALA tokens back into the ecosystem, supporting the growth and sustainability of Kalax over the long term.