⚙️Protocol economics

In order to align its deployment with the Ki Chain and its community, Atlas won’t have a token and instead will leverage $XKI for all economic activities on the protocol.

A breakdown on $XKI's key role and utilities on Atlas: ⛰️

🔒 $XKI for Network Security

Atlas will live on the Ki Chain and will, therefore, be secured by the chain’s native asset; $XKI. In addition, users will pay gas fees ⛽ and protocol tax fees in $XKI in order to interact with the protocol.

💱 $XKI as a Settlement Asset

XKI is the settlement asset for liquidity on Atlas, so a 1:1 ratio of XKI:ASSET is required for all liquid pools on Atlas. 🌊

This guarantees instant, deep liquidity for all products on the protocol and unlock 🔓 their capital efficiency.

⚖️ XKI for Governance

The governance of Atlas and all its underlying products and shaping its future will fall to the hands of $XKI stakers via on-chain ⛓️ governance.

💸 XKI as incentives

In addition to swap 💱 fees, liquidity providers will benefit from additional incentives 🤑 paid in $XKI and other assets to further deepen the protocol’s liquidity. 🌊

💰 XKI for protocol-revenues sharing

$XKI stakers of specific tiers will, in the future, benefit from discounted fee charged by the protocol on generated yield. Depending on users tiers, they will benefit from up to 90% protocol-fee discount.

This will come in the form of $XKI buy-backs.

🔄 XKI for swap fees rebate

$XKI stakers of specific tiers will benefit from discounted 📉 protocol fee applied on swap fees. Depending on users tiers, they will benefit from up to 90% swap-fee discount.

This will also come in the form of $XKI buy-backs.

By putting $XKI at the center of all Atlas’ economic activities, the protocol fully aligns its interests with the ecosystem stakeholders.

In return, Atlas benefits from Ki Chain’s security 🔒 and secures deep liquidity 🌊 for its products.