IT’S GOING TO ZERO (the supply, we mean).
Like a balloon with a pinhole in it, tssssssss, $KIM deflates. But, y’know, in a less sad manner. And, in the end, instead of having a deflated piece of rubber on your bedroom floor (not that deflated piece of rubber), you have an increasingly rewarding DeFi asset - $KIM & $xKIM.#
Let’s dive into how exactly $KIM deflates over time.
The maths is simple, anon.
Every time you trade on Kim, the protocol earns fees.
Now, 3.5% of those fees go toward buying back and burning $KIM from the open market.
Kim earns $100k in fees (pfft), that’s a $3,500 buyback.
Kim earns $100m in fees, that’s a $3,500,000 buyback.
(and burn).
This creates a long-lasting deflationary mechanism for the supply of KIM. As Kim usage grows, KIM supply decreases. Kinda weird how that sentence makes sense, huh?
Catch the first burn here.
Okay, anon, since we’re so busy getting lit 🔥- well, getting $KIM lit on fire and burning it, we thought we might as well celebrate.
We may or may not be giving a whopping 3.5% of the entirety of Kim’s Mode Network DevDrop to 350 winners. How can you win, you ask?
Simple, simply provide fresh liquidity into one (or more!) of these pools:
KIM <> ETH
ETH <> USDC
MODE <> ETH
Simple as that, anon.
We’re running this until the 18th of May.
Don’t miss it.
You: trade, swap, provide liquidity
Us: burn, build, buyback
Join us on Discord or X/Twitter. Provide liquidity. Sleep well.