> For the complete documentation index, see [llms.txt](https://kittypunch.gitbook.io/kittypunch-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://kittypunch.gitbook.io/kittypunch-docs/token-economy/kona-pearl.md).

# Kona Pearl

### Overview

Kona Pearl (PEARL) is the reward token that controls point emission allocation across Kona Lend and Kona Swap, and is your ticket to earning protocol rewards from fees generated on the Kona platform. PEARL is minted by burning points and KONA, creating a deflationary pressure on KONA supply with every mint.

To put your PEARL to work, you must add liquidity to the PEARL-WETH pair on Kona V2 and lock the LP tokens to begin earning.

***

### Core Mechanics

#### Minting PEARL

```
100 points + 1 KONA → 1 PEARL
```

* **Points:** Consumed from your earned balance
* **KONA:** Burned permanently (sent to dead address)
* **PEARL:** Minted to your wallet

The KONA burn is fixed at 1 KONA per mint transaction, regardless of how much PEARL you mint. Minting 100 PEARL or 10,000 PEARL costs the same 1 KONA.

#### Minimum Mint

* 100 points minimum per transaction
* No maximum limit

***

### Difficulty Adjustment

The cost to mint PEARL increases over time.

Every PEARL mint burns 1 KONA from a fixed supply. As KONA becomes scarcer, its market price rises. As KONA price rises, the cost to mint PEARL rises.

```
Early:  KONA = $20  → minting is cheap
Later:  KONA = $200 → minting is expensive
```

This creates a self-regulating system. Early participants access governance at costs that become unreachable as supply burns down.

***

### Token Details

* **Name:** Kona Pearl
* **Symbol:** PEARL
* **Type:** ERC-20
* **Chain:** Abstract
* **Max Supply:** Uncapped (gated by KONA availability)

***

### PEARL-WETH LP Staking 

Kona’s staking lets you deposit PEARL-WETH LP from Kona V2 and earn a pro-rata share of protocol fees from Kona Swap and Kona Lend. Rewards are streamed continuously and paid in WETH, USDC, and PENGU; you can claim anytime while your LP remains staked and earning. To exit, you start a cooldown (default 7 days); LP in cooldown stops earning until you withdraw to your wallet or cancel the cooldown to restake. The staking contract is PearlLPStaking on Abstract mainnet (chain ID 2741).

Contract addresses

| Contract / Token              | Address                                      |
| ----------------------------- | -------------------------------------------- |
| PearlLPStaking                | `0x2e789760Bf3399bBAeD8Eaacdebf23D0e4bcAc8a` |
| PEARL-WETH LP (staking token) | `0x3f37dd7FfdDFC56eB310956FAE11800092B19dc2` |
| WETH (reward)                 | `0x3439153EB7AF838Ad19d56E1571FBD09333C2809` |
| USDC (reward)                 | `0x84A71ccD554Cc1b02749b35d22F684CC8ec987e1` |
| PENGU (reward)                | `0x9eBe3A824Ca958`                           |

### Contracts

| Contract     | Address                                    |
| ------------ | ------------------------------------------ |
| PEARL Token  | 0x792CF0A64a46DbB48CA414DFf20DcD341812579e |
| Pearl Minter | 0x92C18C91Ad1356DDEA429Bf5C49949489Cea4608 |

***

### How to Mint

1. Earn points by depositing on Kona Lend or LPing on Kona Swap
2. Acquire at least 1 KONA
3. Navigate to the PEARL minting interface
4. Enter amount of points to convert (minimum 100)
5. Approve KONA spend
6. Confirm transaction
7. PEARL is minted to your wallet, KONA is burned

***

### FAQ

**Can I get my KONA back after minting PEARL?** No. KONA is burned permanently. This is not a lock or stake.

**What happens when all KONA is burned?** New PEARL creation stops. Existing PEARL holders retain permanent governance control over emissions.

**Can I sell PEARL?** Yes. PEARL is a standard ERC-20 token tradable on Kona Swap.