Kyo (KYO) Price

KYO is an ERC-20 token used within Kyo Finance as the protocol’s utility and rewards token, with governance handled via a separate fungible ERC-20 token called veKYO. KYO is emitted to incentivise eligible liquidity providers. Holders can convert KYO into veKYO at any time and this conversion is described as irreversible. veKYO is used to vote on gauges linked to pools and vote weight determines how KYO emissions are allocated across pools. Voting can entitle veKYO holders to a proportional share of trading fees from the voted pool under the stated staking condition and to third-party incentives added to that pool. veKYO can be liquidated through a veKYO/KYO market pair, providing a price-based exit path.