ICYMI, we recently announced the approach of the end of the Kim points program.

Because we’re doing one better; the launch of $KIM and $xKIM.

But hold your horses, I hear you already. “Mr Blog Writer, what the heck is the difference between $KIM and $xKIM?!”.

Kim & xKIM

$KIM is the native token of the Kim ecosystem, set to be deployed natively on Mode. 30% of the total supply is reserved for liquidity incentives on Kim Protocol.

$KIM can be staked and converted to $xKIM, holders of $xKIM will benefit from the success of the protocol.

When you stake your KIM tokens, you receive a proportional amount of xKIM, the non-transferable governance token of the Kim ecosystem. It can be earned from yield-generating kim positions (kpNFTs), or through direct KIM conversion.

The central use case for xKIM is the ability to allocate it to Plugins. This consists of staking xKIM into the token contract and assigning the deposited amount to a plugin in exchange for various benefits.

Alright but what the heck are plugins?!

xKIM Plugins

Plugins are contracts linked to the xKIM contract. Some are native and directly made by the KIM team (dividends, yield booster and more to come) but others are freely integrated by anyone from the ecosystem.

Users can take advantage of plugins' unique benefits by allocating xKIM to them by directly staking into the xKIM contract.

Okaaay, that’s technical jargon. What does it actually mean?

Think of them as power ups for the Kim Protocol and, therefore, for your $xKIM tokens.

These powerups could include:

• Automated strategies for rebalancing LP positions for optimal yield.

• Integration with lending platforms to allow LPs to leverage their positions.

• Enhanced reward mechanisms, such as dynamic fee adjustment based on market conditions or LP performance.

This is DeFi on steroids. Only accessible via xKIM staking.

Scenario (super smart developer edition)

Imagine a DeFi platform (Kim) that has introduced v4 pools with an innovative plugin architecture. LPs can deposit their tokens into these pools and receive xKIM, symbolizing their share. They could then use a range of plugins to:

• Automate the management of their liquidity to focus on high-demand price ranges, thus earning more fees with less capital.

• Participate in yield farming strategies without removing their liquidity, using their x tokens as proof of stake.

• Leverage their position by borrowing against their x tokens on a lending platform, enhancing their investment capacity.

This ecosystem enables LPs to customize their strategies and optimize returns while maintaining liquidity and stability in the DeFi market.

Scenario (super smart but non-technical degen edition)

Imagine there's this cool new feature in the world of Kim DeFi, kind of like a super-smart swimming pool for your digital money, called v4 pools. When you chuck your coins(KIM) into this pool, you get special xKIM  in return, like a ticket that proves how much of the pool belongs to you.

Now, the cool part is these pools come with some neat tricks, called plugins, that you can use to make your money work smarter, not harder. For example:

• You can set your money to automatically move to where it's needed most, making more money with less effort because you're always in the hottest spots.

• You can still play the game of growing your money through yield farming, but you don't have to move your money out; just show your x tokens like a VIP pass.

• Fancy taking a gamble with your x tokens? You can use them to borrow more money and potentially make even bigger plays.

Join Us

One of us, one of us, one of us.

Whether you’re a degen with cheeto-laden fingers and the @inversebrah Twitter account bookmarked, or you’re a developer looking for deeper liquidity in Web3, you can all call Kim (Keep it Mode) your home.

Join the community over on Discord or add us to your feed on X/Twitter.