Kyo finance integration for Bifrost ASTR staking program.

About Kyo finance

Kyo Finance, the Soneium Spark incubation winner, is a DEX with vote-escrowed tokenomics similar to Aerodrome. It minimizes DeFi complexities through batch operations and epoch-less real-time voting.

Here is a list of some of the innovations:

Native multicall : Claim all, add/remove liquidity and swap in one transaction is possible. No more countless clicks and high gas usage.
Batch swap and multi in/out with AMM flexibility
Removed Epoch : Vote/Claim/Bribe anytime without caring the day. Everything is real-time and this makes your bribe never gets wasted because of the timing.
Smart voting : Auto-distribute your votes to earn optimal voting APR always.
Smart split routing to reduce price impact
Fungible ve tokens instead of illiquid NFTs
A configurable pool system encompassing ERC20, ERC721, and ERC1155.

Summary

We propose a strategic partnership between Kyo Finance and Bifrost to integrate Bifrost's liquid staking of ASTR to mint vASTR on the Kyo Finance. This collaboration will establish a portal and incentive system to reward users who mint vASTR through Kyo Finance. Our goal is to enhance both networks by providing mutual benefits and strengthening our respective communities.

vASTR Integration The portal of minting vASTR will be integrated into multiple interfaces of Kyo Finance

A dedicated minting button will be implemented on the pool page of vASTR pairs
Direct minting of vASTR will be connected to the routing (This will depend on the router development stage since it might need a dedicated connector contract)
(Optional) Support adding liquidity with ASTR only and batch operate minting in the back

Incentive Program

The vASTR pairs will be whitelisted for gauge and added to the LST/LRT whitelisted pairs section

Target Shared Reward Rate

We propose a shared reward rate of 50% on Bifrost's minting commission. This rate will incentivize users who vote for vASTR liquidity on Kyo Finance effectively and ensure a mutually beneficial relationship.

Reward wallet address : 5CDE5dUeHnAPHhoxeDq3d9uuSpxz5H3QJDgxDwwFqQd1w76J

Website : https://kyo.finance

Twitter : https://x.com/kyofinance

Discord : https://discord.com/invite/hZkhewnCPp

Docs : https://docs.kyo.finance

Kyo Finance

Kyo Finance is a decentralized exchange (DEX) with features similar to Aerodrome, focusing on simplifying DeFi operations.
It allows users to batch operations like claiming rewards, adding/removing liquidity, and swapping in a single transaction, reducing gas fees and clicks.
Epoch-less voting means users can vote, claim, and bribe anytime, ensuring bribes are never wasted.
Smart voting automatically distributes votes for optimal rewards.
Fungible ve tokens replace illiquid NFTs, and the platform supports configurable pools for ERC20, ERC721, and ERC1155 tokens.
Kyo Finance plans to integrate Bifrost's liquid staking of ASTR to mint vASTR, offering incentives for users.
A shared reward rate of 50% on Bifrost's minting commission is proposed to encourage vASTR liquidity.
Website: kyo.finance, Twitter: @kyofinance, Discord: invite link, Docs: docs.kyo.finance