kABX Basics
Kona ABX (kABX) is a liquid locker that exists on top of the Aborean protocol on Abstract
kABX functions to provide a liquid vehicle for exposure to Aborean's veDEX reward mechanism that distributes the $ABX token as a primary incentive to liquidity providers (LPs). While Aborean's rewards are great to drive liquidity aggregation, the nature of the locked veNFTs can be daunting for users - both normies and seasoned pros alike.
The competitive nature of veDEX systems means users must be active participants in the governance in order to assure they're receiving the max reward possible. This is a difficult task.
kABX can be minted by either depositing veABX NFTs or ABX directly.
For veABX NFTS, the minter distributes 1:1 kABX to the user for the amount of ABX they have locked inside their NFT. Voting power or veABX balance is not considered, as we aim to provide the max token balance to the user.
For direct ABX deposits, the minter distributes 1:1 kABX.
The kABX protocol is designed to accrue voting power and each epoch, direct that voting power towards the kABX-ABX + KONA-ETH pools inside of the Aborean platform.
Note - these pools reward gauges will need to be stood up prior to emissions beginning.
With each reward epoch, the kABX protocol will work to accrue ABX from emissions, pool bribes and fees from trading activity in the kABX-ABX + KONA-ETH pools, then distribute those fees back to users in the following ways:
xkABX stakers — the primary distribution mechanism is through the purchase of kABX off the open market and distribution to stakers of kABX via xkABX, a productive token that accrues value over time as more rewards are earned. Distributions are random to avoid user gaming of the system.
kABX peg support — a secondary distribution mechanism is through liquidity management of kABX on Kona DEX to assure there is sustainable liquidity for sellers
KONA crates — any KONA earned from trading fees within the KONA-ETH pair will be allocated to future KONA crates, available for purchase with Kona Points
Liquidity
We will be building kABX liquidity on both Kona and Aborean to assure sustainable growth, especially given the nature of the launch of ABX via the veABX NFT airdrop in October, 2025.
Kona V2
kABX-ETH pair will be available for users. This constant sum AMM approach will account for upfront exits of airdropped veABX holders looking for liquidity while allowing for sustainable economics for LPers.
During this initial phase, it should be expected that there will be a significant discount of kABX relative to ABX due to liquidity constraints. Savvy users might see this as an opportunity.
Dexscreener: https://dexscreener.com/abstract/0xb5ab581f2bb4dcb21664af66faa3fb17dae4104b
Aborean V3
kABX-ABX V3 stablepool is available on Aborean as a primary target for protocol voting for emissions.
This pool will have limited liquidity to start but will grow as emissions are unlocked.
Protocol Targeted Pools For ABX Emissions
KONA-ETH (Aborean) - https://abscan.org/address/0x10b9757b844cb036651d82e23ea7edae60eb8f20
kABX-ABX (Aborean) -
https://abscan.org/address/0xd98ce7427d6a45b796cc9f1005b738838dc57cd3
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