36 Tweets 3 reads Feb 23, 2023
All roads lead to $KUJI 🧵
A thread on KUJI, its ecosystem, protocols & vision.
“The secret of change is to focus all of your energy, not on fighting the old, but on building the new.”
— Socrates
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KUJI is a Real-Yield layer 1 ecosystem built on cosmos for protocols, builders & web3 users seeking sustainable FinTech. It has a killer UX and all metrics for KUJI are growing steadily.
There are two main tokens within the KUJI ecosystem:
$KUJI & $USK stablecoin.
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$KUJI is the main token for Kujira and all revenue & fees from both KUJI protocols and the KUJI ecosystem are paid to $KUJI stakers. Staking rewards are paid in Apex assets! Yes that’s correct, REAL-YIELD paid in apex assets.
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When staking $KUJI you earn real yield from the native assets interacting with the $KUJI ecosystem!
You can earn BTC, ETH, ATOM, LUNA, PAXg, MARS, BNB, DOT just to name a few. Fees from all trading pairs on the FIN DEX are paid to stakers in their native form.
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As well as earning real yield from all FIN DEX trading fees, stakers also earn yield from:
• AIRDROPS from new tokens
• 100% Network fees
• ORCA liquidation/withdrawal fees
• Fees from all 3rd party protocols built on Kuji
• USK minting, interest & liquidation fees
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$KUJI tokenomics are almost perfect
KUJI has ZERO inflation
• Current Market Cap 69m
• Total supply $117 M
• Circ supply $110 M
• Currently staked $57 M
• Liquid $35 M
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$USK is KUJI’s over-collateralized stablecoin soft pegged to USD & backed by various assets including $ATOM, $DOT, $ETH, $LUNA, $BNB & $PAXg with more coming.
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When you mint $USK you are both a borrower of ($USK) and a lender as you deposit $ATOM (or other assets) in return for $USK (liability) to be repaid later.
This increases capital efficiency & allows users to deploy advanced trading strategies.
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With the recent events it’s becoming very clear that truly decentralized stablecoins are inevitable and important for the future of crypto.
For a proper deep dive into $USK please check out this brilliant thread by Crypto Chem
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FIN
LETS TALK ABOUT DEX BABY!
Fin is a 100% on-chain orderbook DEX that operates at a computational complexity of 0(1). No more inflationary incentives required to trade. Think Kucoin, but 100% on-chain & decentralized.
fin.kujira.app
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FIN basically allows traders to trade tokens directly with each other. In contrast with a "standard" AMM, where the counterparty is a liquidity pool 100% of the time, in the case of FIN, your counterparty is another trader.
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Traders provide liquidity, meaning LPs aren't required. This makes the trading model more capital efficient & mimics your typical CEX style of trading.
FIN has over 60 trading pairs & users can even add 2.5x leverage to some of the major pairs.
& PERPS coming soon!!👀
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@SonarWallet KUJI's mobile wallet coming VERY soon. It's KUJI’s next major product release & is truly exciting!
“This is more than a wallet. This is a native mobile experience that will be continually crafted for rich DeFi experiences, real world payments & much more.”
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To see how awesome @SonarWallet is check out this teaser video:
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BOW
BOW delivers a better trading experience by narrowing the price spread deepening the pool. Sharing fees with Liquidity providers along with additional incentives, creating sustainable yield and value for the entire KUJI ecosystem.
bow.kujira.app
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BOW generates yield by deploying users tokens into liquidity pools and directing the fees generated by trades on FIN back to the providers of liquidity.
In addition, incentives to provide liquidity can be added to pools by anyone, at any time.
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ORCA
The first ever public marketplace for liquidated collateral. Prior to ORCA, this discounted market was only available to people with lots of money & highly efficient bots. Not anymore.
orca.kujira.app
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BLUE
The Kujira home. See key stats, send tokens, basic market swaps across Cosmos, bridge across Cosmos with IBC, mint $USK, stake $KUJI to earn real revenue & vote in governance proposals.
Class leading UX, fast, clear and easy to navigate.
blue.kujira.app
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POD
An elegant staking re-balancer for the ENTIRE Cosmos ecosystem.
The purpose of POD is to educate Stakers from all over the Cosmos, providing them tools to make better choices & maintain the safety & decentralization of the network.
pod.kujira.app
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For DEVs: On-chain Price Oracle
Kujira offers an on-chain price oracle, which uses price feeds from various different sources, enforced by validator consensus. The oracle allows dApp developers to seamlessly & safely integrate price feeds.
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For DEVs: On-chain Scheduler
Kuji's on-chain scheduler allows protocols to schedule on-chain actions without relying on centralized third parties. This reduces off-chain infrastructure complexity & promotes decentralization, all while making dApp development even easier!
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For DEVs: Entropy Beacon
For on-chain random number generation. A decentralized approach to request randomness on-chain, generate it off-chain, and verify the integrity of the randomness on-chain.
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UX / UI
$KUJI has class leading UX & every element of the ecosystem has been designed with impeccable detail and class. As a veteran designer myself I can appreciate how hard it is to get this right!
Check out the @SonarWallet coming soon for UX perfection🤤
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TEAM
The @TeamKujira team have shipped all of the above in just 7 months. They are VERY active with the community and incredibly transparent, honest & humble. The best I've seen! Join the community chat and say hi.
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COMMUNITY
Without a strong, passionate & well informed community you have nothing. The team has built an incredible culture where everyone in the community feels like they are part of the team.
A highlight of the community is @KujiKast, a vibrant & hilarious podcast.
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KUJIRA SENATE
A recent addition to KUJI is the @KujiraSenate a small group of people selected for the community by the community to assist in steering the overall direction of KUJI.
medium.com
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NFT Community projects
KUJIRANS, Shrimp Gang, Kuji Heroes & Ghosts are really leading the charge here and I encourage anyone to snap up a whale, shrimp or Hero and join these fun communities.
Great thread on KUJIRANS by KryptoAdepto here:
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CALC Finance Protocol
A powerful decentralized suite of financial tools that gives users access to set-and-forget investment strategies so you can spend more time on the things you love.
@CALC_Finance
app.calculated.fi
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Black Whale Protocol
An interchain DeFi protocol that enables you to provide liquidity on order book exchanges and earn trading profits from smart market making bots.
@BlackWhaleDeFi
blackwhale.money
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TeamLocalMoney
A decentralized Peer-to-peer (P2P) on and off-ramp. Insanely important especially in huge emerging markets.
@TeamLocalMoney
app.localmoney.io
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FUZION Protocol
OTC Smart Contract instantiation - Quote from the Kujira team “We have seen their plans, & it's honestly next level. When people see this we know it's going to change the game. Couldn't be happier that they've chosen Kujira as their home.”
@Fuzion_App
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DLoyal Protocol
A performance marketing & sales platform for Web3.
This will be incredibly important for people to be incentivized to spread the Kujira ecosystem. Web2 stores, Web3 dApps, you name it 👇
@dloyalrefer
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BFIT by FITLINK
Unleash your competitive spirit and earn real rewards in our new compete-to-earn app. Live on @TeamKujira testnet!
@BFITcoin
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ERIS Protocol
@eris_protocol are bringing liquid staking to the Kujira ecosystem! Super exciting stuff!
erisprotocol.com
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MAYA Protocol
Decentralized liquidity protocol. Restrictionless. Open-source.
Check out this KujiKast episode for a deep dive: youtube.com
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Summary
Team Kujira have achieved all of this in only 7 months, imagine what they can achieve in the next 1-2 years & beyond!
The best part is you are STILL EARLY! $KUJI is yet to be listed on any major CEX exchanges. But they are coming 👀
LFG! 🐳
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