kABXSTR

Kona launched Kona ABX (kABX), a liquid locker token on top of the Aborean veDEX protocol.

kABX is designed to accumulate Aborean voting power and direct that voting power primarily to the kABX - ABX pool on Aborean V3. This creates a feedback loop of demand for kABX as it receives more emissions, further building the pool liquidity and trending the kABX price towards parity with ABX.

This has significant positive economic impact on the Aborean economy, as it pushes the floor price up on permanently locked veABX NFTs. This creates more incentive for users to hold their ABX emissions over traditional claim-and-dump behavior seen in other veDEX systems.

To further drive this economic loop, we built kABX Strategy (kABXSTR), a new strategy token that is designed to acquire kABX off the open market through a 10% trade tax system.

kABXSTR Economics

Spending FROTH

kABXSTR is the ultimate tie-in to the Kona economy via the FROTH memecoin, the official memecoin of KittyPunch that is exclusively used to mint the Kona platform token.

Unlike minting Kona, users must “spend” their FROTH inside of the new Kona Shop (where you will soon be able to spend your Kona Points). This purchase both mints fresh kABXSTR and burns FROTH, totally removing the supply from existence.

Naturally, this puts significant positive supply pressure on the entire Kona economy, as this is a major driver of demand and deflation for FROTH.

The max supply of kABXSTR is 500,000. This means 50,000,000 FROTH spend limit. This limit can be increased upon cap hit.

Taxing Transfers

Similar to other popular onchain strategy tokens, kABXSTR leverages a 10% tax fee on all transfers that are accrued to a dedicated vault. As these fees are accrued, the kABXSTR will be exchanged into ETH to be deployed into the kABX acquisition engine.

Acquiring kABX

As ETH is collected, it will be used to both buy kABX directly off the open market and strategically acquire Aborean veNFTs that are mispriced on OpenSea, which will be deposited in the kABX protocol to mint kABX.

Additionally, a portion of the ETH will be used to acquire ABX off the open market for proper pairing for LPing on Aborean.

Active LPing and ABX Emissions

Active liquidity management will be used to deploy ABX and kABX from the kABXSTR treasury to maximize gauge emission yield.

The earned emissions in ABX will be then used to purchase kABXSTR off the open market, driving a passive bid on the token to offset tax sales and ongoing inflation of FROTH > kABXSTR purchases.

Who This Is For

kABXSTR is perfect for the following types DeFi users:

1. Users who want to buy and hold a token that works within the Aborean emissions systems without active LP management

2. Users who want to take advantage of the arbitrage opportunity between kABX and veABX NFTs pricing on OpenSea

3. Users who are bullish kABX and ABX in general

(This is informational only, there are no guarantees and of course DYOR when it comes to all DeFi legos).