KEY TAKEAWAYS
- Kim Exchange enhances its governance framework by introducing fractal gauges to distribute rewards to liquidity pools.
- The decentralized exchange utilizes a vote escrow and gauges governance model to align incentives and reduce coordination overhead.
- Kim leverages Aragon OSx for modular governance, fostering an interoperable ecosystem across Ethereum.
- The KIM community plays a pivotal role in shaping the protocol’s evolution through active governance participation.
Kim Exchange has announced the extension of its Governance Games on Mode by introducing fractal gauges. This new feature aims to further distribute rewards to liquidity pools on their protocol, enhancing the governance framework.
Kim is a decentralized exchange (DEX) on Mode that utilizes a mathematical formula to price assets, allowing for seamless trading without a traditional order book. The platform is designed as an efficient and modular protocol, enabling both builders and users to leverage custom infrastructure for deep and adaptable liquidity.
Similar to Mode’s governance, Kim has implemented a vote escrow (ve) and gauges governance model. This approach is intended to align incentives, reduce coordination overhead, and accelerate network growth. The governance model not only aligns incentives among stakeholders on Kim’s protocol but also contributes to broader incentive alignment across the Mode ecosystem.
Fractal Gauges and User Engagement
The introduction of fractal gauges allows Mode gauges to distribute funding across the ecosystem and connect directly to Kim gauges. These gauges then allocate resources to specific liquidity pools (LPs). MODE tokenholders who vote for Kim in the Mode gauges receive KIM tokens, integrating them into the Kim community and its governance system.
Kim’s governance model reduces overhead by allowing KIM holders to allocate their voting power via gauges, eliminating the need for continuous voting to pass proposals. This streamlined approach is part of a comprehensive governance solution detailed here.
Leveraging Aragon OSx for Governance
Kim has utilized Mode’s governance plugin to deploy their decentralized autonomous organization (DAO), benefiting from the modularity and network effects of Aragon OSx. This system allows new governance models to be modularized into plugins, which can be adopted by any DAO via the Aragon OSx plugin repository, fostering an interoperable governance ecosystem across Ethereum.
The KIM community now has a dedicated hub for active participation in governance, shaping the growth of the protocol’s ecosystem. The comprehensive user interface consolidates all governance-related activities, ensuring a unified experience, streamlined participation, and seamless integration of branding, products, and governance systems.
This development marks the beginning of Kim’s governance journey and the broader governance games within the Mode ecosystem. The community is expected to play a central role in shaping its evolution.
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