It's great to see ecosystem leaders like @KodiakFi follow the steps of the Berachain Foundation to make product changes
The ecology is slowly recovering, come on 💪🏻
Update notes after the end of Kodiak Island Boyco
▍The Island mechanism document is online
The full technical documentation is now available, covering the following core content:
• Auto-BGT mechanism: Boost revenue by directing part of LP fees to the BGT reward treasury
• Real-time security monitoring: "Crime prediction" technical support is provided by @HypernativeLabs
• Rebalancing system: detailing the operational framework for the various types of pools
→ Details of the Auto-BGT mechanism
Almost all BGT whitelists are currently covered for Kodiak Islands
→ Real-time monitoring system
All key island parameters are monitored 24 hours a day, 7 ×
→ Detailed explanation of the rebalancing mechanism
• Most rebalancing involves only fee rebalancing and does not require permission
• Interval adjustment is performed step-by-step with low slippage of the aggregator
▍ Liquidity strategy updated
1. Stablecoin pools
• The USDC-HONEY/USDT-HONEY pool is no longer incentive
2. BGT LSTs
• Tightened volatility range based on issuer data feedback
3. Non-BERA mainstream pools
• WBTC-HONEY/WETH-HONEY/WBTC-WETH
• Adopt the "wide range strategy" to ensure that the token ratio is more than 95% of the time and kept within 70/30 balance
• The range will be adjusted gradually based on forward volatility and the "average rebalancing cycle".
→ Full math framework
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