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xKNC
KyberDAO Staking Strategies

Summary:

xKNC is an ERC20 wrapper for the KNC staking and governance process. xKNC holders express a long term bullish view on the value of KNC and KNC staking rewards. xKNC is a set-and-forget token, requiring no active participation from holders.

Strategy

ETH staking rewards from both xKNC assets are automatically reinvested in KNC, allowing investors to compound their KNC position. Holders of xKNC assets can redeem for KNC or ETH at any point.
xKNC holders express a clear governance position, all while holding a set-and-forget token. Holders are spared from the expense of gas fees and the demands of active management, while compounding their KNC and participating in governance!

Mandated Governance:

xKNCa is an ERC20 wrapper for the KNC token and the KyberDAO staking and governance process. xKNCa holders express a governance position that votes to maximize payouts to stakers. xKNCa is a set-and-forget token, requiring no active participation.
Will always vote to increase stakers’ fees. xKNCa is likely the best option for most investors seeking to maximize their staking returns and accrue KNC.
xKNCb is another ERC20 wrapper for the KNC token and the KyberDAO staking and governance process. xKNCb holders express a governance position that votes to increase reserve rebates. xKNCb is a set-and-forget token, requiring no active participation.
Will always vote to increase reserve rebates. This is likely the best option for reserve managers and investors who believe that incentives to liquidity providers are the best way to grow the network.
xKNC mechanics diagram (source: Kyber Blog).

Risks:

xKNC assets are risky and highly experimental tech. Additionally, the success of xKNC assets highly dependent on the success of Kyber Protocol. Do your own research on the risks of the xToken platform and Kyber Network.
xKNC has been audited by Blockchain Labs. Read the report here.
Last modified 1mo ago