#发帖赢Launchpad新币KDK Kodiak is a DEX that provides concentrated liquidity for trading pools such as Uniswap v3 (Concentrated Liquidity AMM, CLAMM), allowing users to concentrate their liquidity in specific areas, thus providing more efficient $BGT mining than BEX. Kodiak has two tokens, namely $KDK and $xKDK, which users can exchange within the protocol, described in detail as follows:

$KDK: A reward token paid to liquidity providers and traders.
$xKDK: Kodiak's governance token and non-tradable token. Holders can allocate income generated by Kodiak, including fees from user transactions and rewards submitted by other protocols. The supply of centralized liquidity allows users to mine $BGT with higher capital efficiency, but if price fluctuations exceed the liquidity supply range, the liquidity provided by liquidity providers cannot be used for trading and will not earn $BGT or trading fees. Therefore, to continuously earn rewards, one must constantly manage the liquidity range. In response to this, Kodiak has added the vault function of Kodiak Islands, which can automatically adjust the liquidity coverage range based on market conditions, addressing the issue of liquidity providers needing to constantly manage the liquidity coverage range, while also solving the problem of idle liquidity caused by deviations in concentrated liquidity coverage range, ensuring that Berachain maintains ample trading liquidity. During the process of automatically adjusting the liquidity coverage range, Kodiak also establishes a complementary relationship with the native dApp by using BEX.