Kokoa Stable Dollar $KSD

Kokoa Stable Dollar, also known as Kokoa Finance, is a pioneering crypto-asset-backed stablecoin platform specifically designed for the Klaytn blockchain. The Kokoa Finance system is permissionless and operates entirely on-chain, utilizing a two-token system comprised of KSD (Kokoa Stable Dollar) and KOKOA. The former is a decentralized stablecoin managed by collateralizing crypto-assets, while the latter serves as a governance token for KokoaDAO, a decentralized organization focused on maintaining the sustainability and soundness of the KSD monetary system.

Unique Features of Kokoa Finance

KSD sets itself apart as a crypto-collateralized decentralized stablecoin provided solely by Kokoa Finance. This unique system allows users to borrow KSD stablecoin without the need to pay any nominal cost. In addition, Kokoa Finance also incorporates a “Flash Mint” mechanism, enabling users to effortlessly create leveraged positions. These user-friendly features greatly contribute to the ecosystem's growth and expansion.

How KSD maintains price stability

KSD, as a crypto-asset-backed stablecoin, achieves price stability by managing various types of collaterals in vaults and charging a stability fee. The Collateral Vaults are continuously monitored via price oracles, which based on their findings, adjust the long-term demand and supply of KSD, thereby maintaining its pegging with USD.

KokoaFarm Labs and StableSwap DEX

In a bid to further stabilize KSD prices, KokoaFarm Labs has launched i4i, a StableSwap DEX. This added functionality is anticipated to expand as it incorporates CryptoPool. As a result, KSD prices can remain stabilized for short-term periods as well.

Participation in KokoaDAO

Users can actively participate in the management of the KSD monetary system by staking KOKOA in KokoaDAO, thereby contributing to the decentralized control of the platform.