Kayak Finance is evolving into a comprehensive DeFi ecosystem and on-chain liquidity hub.

This marks a significant advancement for the platform, bringing it even closer to our vision for blockchain.

As part of this transformation, we are launching a whole suite of new features in addition to enhancements to our stable market capabilities.

Launch of new product in the near future:

• Stableswap

• Concentrated Liquidity Swap

• Liquidity Staking&Mining

• Yield&Governance Vault

These new features will further enhance Kayak Finance’s position as a Liquidity Hub.

Following this rebranding, our primary focus has shifted to enhancing the synergy between Scroll-based liquidity capabilities and new features, fundamentally strengthening the DeFi ecosystem on Scroll. By integrating these elements within Kayak Finance, we facilitate dynamic interactions within the Scroll network, which represents a key innovation. Our goal is to become the central hub for liquidity on Scroll, optimizing capital flow across the network. Kayak Finance not only links diverse assets and innovations on Scroll but also ensures seamless integration and interaction between various liquidity sources and projects within the Scroll ecosystem, enhancing the overall DeFi landscape on this layer-2 solution.

Stableswap

• Kayak StableSwap is an implementation of an Automated Market Maker (AMM) that adds a linear invariant constant sum curve (x+y=k) on top of the constant product formula (x*y=k) as long as the liquidity pool is not extremely unbalanced, to keep prices more equal.

• As a result, since StableSwaps are restricted to similarly priced assets, impermanent loss is not as much of a concern (except in extreme depeg cases), and the slippage is lower than in normal AMMs that only use the constant product formula.

Concentrated Liquidity Swap

Kayak Finance 's CL Swap is set to redefine liquidity provision in DeFi with its innovative Concentrated Liquidity Swap. This feature allows liquidity providers to concentrate their assets within specific price ranges, significantly increasing capital efficiency. Instead of spreading liquidity across a wide range, Kayak Finance enables users to target their liquidity where it's most needed, resulting in higher yields and more effective market making. With this cutting-edge approach, Kayak Finance not only optimizes the use of liquidity but also enhances the overall trading experience, making it a preferred platform for both liquidity providers and traders.

Liquidity Staking&Mining

As we all know, liquidity staking is still a hot spot in the current market Initially, Kayak Finance users will be able to stake two types of assets:

• ETH/ETH-derivatives

• Stablecoins

Other high-quality ERC20 assets will be gradually added in the future.

Kayak Finance will collaborate with its partners to incentivize the initial liquidity pools to ensure a successful launch. Additionally, early users who actively participate in staking deposits will receive multiple point rewards from Kayak Finance and its partners, as well as token airdrops from Kayak Finance.

Yield&Governance Vault

Kayak Finance will offer users multiple sources of income. Users can not only earn basic returns from deposited and staked LP tokens, but also receive points from Kayak Finance and its ecosystem partners. Kayak Finance Vaults will expand partnerships with many top-tier protocols in different ecosystem, providing Vault users with more opportunities to earn rewards. Users will be able to earn reward points from numerous standout projects.

By offering diverse and competitive rewards, Kayak Finance aims to attract more users and assets to its Vaults, making it the preferred choice for users looking to enhance their yields and liquidity within the DeFi ecosystem

Kayak Finance is not just about short-term yield; it is about creating a platform where users can achieve consistent, long-term growth in their investments. This vision of sustainability is key to attracting not only individual users but also institutional investors who seek reliable and scalable solutions in the DeFi space.

About Kayak Finance:

Kayak Finance is a yield-focused liquidity hub, offering users the best way to earn yield on their liquidity positions while serving as a gateway for DEX liquidity.

Kayak Finance Team

Discord|Website|Twitter

Event Link： https://zealy.io/cw/kayakfinance

Contest Duration： Jul 30, 7:00 (UTC) — Aug 13, 7:00 (UTC)

• Module 1: Social Media Tasks

• Module 2: Daily Tasks

• Module 3: Points System Milestone Tasks.

• Module 4: DeFi Knowledge Quiz

• Module 5: Invitation Tasks

How to get the biggest rewards?

Actively complete the daily tasks to earn EXP. We will distribute rewards to the top 70 users based on their points ranking.

• 1st place: 30 USDT + 1000 KAY+ KAYAK Role Rewards

• 2nd place: 20 USDT + 800 KAY+ KAYAK Role Rewards

• 3rd place: 15 USDT + 700 KAY+ KAYAK Role Rewards

• 4th place: 12 USDT + 600 KAY+KAYAK Role Rewards

• 5th place: 10 USDT + 500 KAY+ KAYAK Role Rewards

• 6th place: 9 USDT + 450 KAY+ KAYAK Role Rewards

• 7th place: 8 USDT + 400 KAY+KAYAK Role Rewards

• 8th place: 7 USDT + 350 KAY+KAYAK Role Rewards

• 9th place: 6 USDT + 300 KAY+KAYAK Role Rewards

• 10th place: 5 USDT + 250 KAY+KAYAK Role Rewards

• 11th to 20th place: 4 USDT + 200 KAY + KAYAK Role Rewards

• 21st to 30th place: 3 USDT + 150 KAY+KAYAK Role Rewards

• 31st to 70th place: KAYAK Role Rewards

Special Note: All winners will be determined based on the Sprint Leaderboard rankings!



Discord|Website|Twitter

Event Link： https://zealy.io/cw/kayakfinance

Contest Duration :July 11, 8:00 (UTC) — July 18, 8:00 (UTC)

Module 1: Welcome to Kayak Finance!

• Complete Social Media Tasks: Join the community, contribute to it and earn extra EXP.

Module 2: Daily Tasks

• Interact on Kayak Finance Website: Complete interactions and submit the hash address of your transaction daily. You can earn 15 EXP per day (no limit on transaction amount, please do not submit the same hash address on the same day).

Module 3: Kayak Quest

• Daily Questions: We will update a daily question about stablecoin exchange and Kayak Finance in Zealy space. Correctly answering these questions will earn you 10 EXP.

How to get the biggest rewards? Every day, we will release new tasks. Actively complete the daily tasks to earn EXP. We will distribute $300 USDT cash rewards and potential airdrop benefits to the top thirty users based on their points ranking.

• 1st place: 60U

• 2nd to 10th place: 20U

• 11th to 20th place: 4U

• 21st to 30th place: 2U

More importantly, these Zealy points could potentially get you extra airdrop benefits once our airdrop campaign goes live…

Additional Rules
1.We encourage users to engage in active discussions and ask questions within the DC community.

2.If there are users with the same number of points, we will determine the winners according to the order of the ranking.

The point system will close at the end of Aug. From now, users can start to win kayak points by interacting with the protocol, whether you are providing liquidity or swaps on Kayak Finance(detailed rules will be introduced in the following)

Early bird

To appreciate our earliest users, we have airdropped early bird points to those who joined us before the point system. Once you have interacted with Kayak Finance since day 1, you can go directly to the airdrop page and check your early bird drop!

Reward Pool

Most importantly, about the point system reward, the prize pool for the point system season 1 will be initially set to 100,000+ USD worth $KAY token. At the same time, whenever Kayak Fiancne reaches a new milestone during this period(e.g., TVL exceeds 1M, transaction volume exceeds 1M, etc.), we will increase the total prize pool to maximum the reward and incentives for our most loyal users and the new coming members.

$KAY Reward will be distributed after the Kayak Finance TGE event.

The following is an introduction to the tasks in the season 1 points system ⬇️:

Kayak Points System Introduction📃

About Points 🔴

There will be three kinds of points in the kayak point system:

• Base Point:

  The base point is the point that can be directly earned by interacting with the protocol, which is the most common way to earn points.

• Invitation Point:

  Invitation points can be earned through invitation activities; details will be announced next week

• Pre-point:

  The pre-point is the extra bonus point that airdropped to kayak community members, partnership protocol, invitation activities, airdrop rules, and target communities will be shared next week!

Basic Tasks :🏫

Basic Tasks is where you can earn base points, and it's the most important way to accumulate your kayak points. There is two basic tasks, which is:

• Providing liquidity in the trading pool

  • 1 USD worth of liquidity will earn 2 points per day

• Trading(Swapping) between different tokens

  • 1 USD trading volume earns 1 point

  • The daily cap for trading points is 1000 points

Invitation Reward:🤝

The invite system is coming next week; stay tuned for more updates!

Achievements:🏆️

Achievement is where you can earn multipliers to maximize your total points. At the end of the point system, your total point will be calculated as: (Base Point + Invitation Point)* Multiplier.

One way to earn multipliers is to participate in the platform's achievement task; check out the following form for the achievement, and finish the task to win a multiplier bonus!

Loyalty Multipliers:📈

Royalty Multipliers are the other way to gain multipliers on the platform. The multiplier will be distributed to Liquidity providers on Kayak.

Once LPs deposit liquidity and stake their LP token into the platform, the loyalty multipliers will start to accumulate(linearly increasing every hour), and the multiplier will reset to 1x if LPs unstake from the pool.

After the point system ends, the reward will be distributed according to each user's total points; that means more points equals more reward!

Detailed distribution rule will be announced in Aug, stay tuned!

Come and join the kayak point system to win!🤑

Kayak Finance Team🚣

Website|Discord|Twitter

Stay tuned, more information will be shared in the future.

About Stable Jack

Stable Jack is a yield and volatility trading platform for any assets including cryptocurrencies, yield-bearing assets, commodities, bonds, and stocks.

About Kayak Finance

Kayak Finance is a cross-chain aggregated liquidity stable market. We aim to provide a new cross-chain swap mechanism that aggregates liquidity from different chains, provides users with a high-depth, low-slippage Stableswap, and provides significant returns for LPs. Through Kayak Finance, stable asset holders can maximize the use of their positions, increase asset liquidity, and earn more rewards.

CIAN is a DeFi yield strategy protocol that simplifies on-chain yield activities, offering decentralized automation to help users achieve high APYs with a single click.

What does the partnership look like?

As a stable market, Kayak's fundamental mission is to provide deep liquidity and stable price exchange for pegged assets. Our partnership aims to offer users higher asset yields and lower slippage Stableswap services, enabling them to obtain higher returns easily and conveniently.

About CIAN

CIAN focuses on scalable, sustainable, and high-quality yield sources like Liquid Staking (LST), Liquid Restaking (LRT), Real-World Assets (RWA), and funding rates. By utilizing an LRT aggregator, CIAN manages staking and restaking activities, providing valuable yields and incentives, and advanced strategies to maximize returns.

About Kayak Finance

Kayak Finance is a cross-chain aggregated liquidity stable market. We aim to provide a new cross-chain swap mechanism that aggregates liquidity from different chains, provides users with a high-depth, low-slippage Stableswap, and provides significant returns for LPs. Through Kayak Finance, stable asset holders can maximize the use of their positions, increase asset liquidity, and earn more rewards.

What is Stableswap❓️

• Kayak StableSwap is an implementation of an Automated Market Maker (AMM) that adds a linear invariant constant sum curve (x+y=k) on top of the constant product formula (x*y=k) as long as the liquidity pool is not extremely unbalanced, to keep prices more equal.

  As a result, since StableSwaps are restricted to similarly priced assets, impermanent loss is not as much of a concern (except in extreme depeg cases), and the slippage is lower than in normal AMMs that only use the constant product formula.

Why Stableswap is needed❓️

• Low slippage: StableSwap can reduce slippage loss when exchanging stablecoins.

• Low fees: Lower fees compared to regular exchanges

• Reduced risk: Liquidity providers face lower impermanent loss risk

• High efficiency: Supports direct exchanges between different stablecoins

• Better liquidity: Provides a stable source of liquidity for the DeFi ecosystem

In short, Stableswap optimizes trading for stable assets, improving the efficiency and safety of stablecoin usage in DeFi.

But why do you need to use Kayak Finance for StableSwap❓️

As crypto has evolved, we now have many more chains than before - Avalanche, Mantle, Morph, and many others.

On these numerous chains, there are many different stablecoin trading pools. On chains where trading activity is not active, the liquidity of assets is greatly reduced, limiting the utilization of assets.

Here are several reasons for using Stableswap on Kayak Finance:🫵

1. Kayak Finance aggregates liquidity into one pool for trading, reduces asset losses caused by low liquidity, and improves asset utilization.

2. Kayak Finance supports cross-chain transactions.

3. Kayak Finance will issue stablecoins to increase asset stability.

Within a week of our launch, we have supported Avalanche Mainnet and Morph testnet, and we will support more chains in the future.

Stake in Kayak, something is on the way🪂

Website |Twitter| Discord

Task list

Here is the task list; you will be eligible for the Kayak reward once you have finished Task1 and Task 2, and you will receive an extra reward if you finish Task3. All rewards will be distributed after Kayak Finance Morph TGE event, stay tuned!

Task1

• Complete swap transaction for at least one time, here is the trading pair that are eligible:

  • Mock USDT—>Mock UDSC

  • Mock DAI—>Mock USDT

  • Mock USDC/Mock DAI

Task2

• Pool（Mock USDC-Mock USDT or Mock DAI-Mock USDT）

  • Deposit

    • Deposit

    • Stake

    • Deposit & Stake

  • Withdraw

    • Withdraw

    • Unstake

Task3

• Finish the Exercise with full marks and mint the credential NFT

Swap Guide

1.Click "Swap" in the upper navigation bar to enter the "Swap" page.

2.Click the token icon, and select the token you want to trade in the menu.

3.After entering the token amount, the transaction details will be displayed on the expandable card below the block, including:

—— Minimum Received Amount: You can adjust the minimum received amount using the Swap Slippage Tolerance option you set. If you cannot receive at least this amount, the transaction will not be completed.

—— Fee: A transaction fee is charged. This fee is reflected in the total amount shown.

—— Price impact: The difference between the market price caused by the transaction and the approximate price.

4.Click SWAP and confirm your action on the wallet application to continue.

5.After the transaction is successful, you can click on the wallet to check the corresponding arrival status.

Pool

The pool page is where you can find all trading pool information deployed on the Kayak Finance protocol. Click the "Pool" button,  you can view all the information of different pools. In the meantime, you can also claim your LP reward on this page by clicking the " Claim All" button.

Deposit

Find the fund pool you want to deposit, click on the pool to enter the pool details page.

1. Enter the amount you want to deposit (you can choose to deposit only one kind of token); click Max to deposit all your token balances.

2. After entering the amount, the transaction details will be displayed. After checking all the details, click Deposit and confirm the transaction in the wallet.

3. If you want to convert the optimal proportion amount automatically, you can enter any currency amount and click " Import in a balanced proportion“

4.After the transaction is successful, a corresponding LP token will be created and sent to your wallet.

Stake

1. After successfully deposit your token and receive LP token, you can click "Stake" to stake your LP token for rewards.

2. Enter the LP token amount you want to stake.

3. Click Stake and confirm the transaction in your wallet.

4. The rewards will start to accumulate, and you will be able to view all rewards at the top of the pool page.

Deposit & Stake

1. If you want to operate more conveniently and directly obtain rewards, you can click the "Deposit & Stake" in the secondary navigation bar.

2. Enter your deposit amount; you can click Max to deposit all your token balances in one click.

3. After entering the amount, the transaction details will be displayed. After checking all the details, click Deposit & Stake and confirm the transaction in the wallet.

Withdraw

We can click withdraw above if we want to withdraw the Deposit or Stake funds.

1.First, you need to enter the LP amount you want to withdraw.

2.By default, Import in a balanced proportion will be checked, and the system will automatically calculate the amount.

3.Withdraw successful, the corresponding token will be returned to your wallet, please check it carefully.

4.Of course, if you want to customize the amount, it is also supported. First, click to uncheck the Import in a balanced proportion checkbox.

5.Enter the LP amount you need to withdraw.

6.Enter any currency amount, and the system will automatically fill in the remaining amount for you. (For example: LP: 1000, enter USDT: 800, and the system will automatically enter USDC: 200).

Unstake

1. If you want to Unstake your LP token, click on the secondary navigation bar Unstake.

2. Enter the LP amount you want to Unstake.

3. You will receive field on the page will automatically display the LP tokens you can get.

4. Unstaking is successful, and the corresponding token will be returned to your wallet. Please check it carefully.

Learning

Kayak offers a Learning module designed to provide users with a systematic, modular learning path where you can earn NFT rewards by completing the questions!

1.You can click on the learning document under Learn more about StableSwap to view the corresponding knowledge.

2. You can click Go to Test through the Test module to jump to the answer page. After scoring 100 points, you will receive an NFT reward!

If you complete the quiz and score 100 points, an NFT reward pop-up window will appear.

Clicking on MINT will redirect you to the Learning homepage, where you can complete the MINT of NFT!

If you fail, it doesn't matter! We can try indefinitely until you get a perfect score! (But NFT can only be obtained once)

In 2024, Ethena once again sparked a wave of stablecoins in the crypto world. In just a few months, the issuance of USDe exceeded 4 billion US dollars. In today's market, stablecoins are not only circulating currencies but also reliable interest-earning assets for users. As a result, the demand for stablecoins and stablecoin swaps continues to increase, especially in the market for cross-chain stablecoin swaps.

Currently, most stablecoin swaps are conducted on DEX. We have found that when trading on DEX, users often have to bear high slippage due to low on-chain liquidity in certain cases, as well as the cumbersome process of cross-chain transactions. These factors contribute to the low utilization rate of assets.

We need a new stablecoin swap market aimed at addressing the following issues in stablecoin swap:

-Minimum  slippage-Supporting cross-chain transactions

-Increasing the utility of stable assets

-Increasing the demand for stable assets

What is Kayak Finance?

Kayak Finance is a cross-chain stable market, which will bring users deeper liquidity and lower slippage cross-chain stablecoin trading services by aggregating liquidity distributed on different chains into one pool.

In the first stages, we will support the following three chains:

-Avalanche

-Mantle Network

-Morph

How Kayak Finance solves the above problem

Kayak Finance aggregates liquidity from different chains into a single pool. It has the following features:

• Increased liquidity -Supporting cross-chain transactions

• Reduced slippage

• Higher returns for LP

To increase the utility of stable assets we will launch the kayUSD stablecoin, which has the following features:

• A cross-chain stablecoin backed by pegged assets such as sAVAX and USDe

• Soft liquidation

• Dynamic fee rates

• Increased asset efficiency

• Reduced risk of depegging

We will introduce the $KAY token, which is different from other DEX tokens in that we will reward not only liquidity providers , but also traders.

These three assets form the ecosystem flywheel, which is the solution Kayak brings.

Stake in Kayak, something is on the way 👀🪂

Website|Twitter|Discord

What does the partnership look like? As a stable market, the essential mission of Kayak is providing deep liquidity and stable price exchange for pegged assets. sAVAX, which is the biggest and most famous pegged asset in Avalanche ecosystem, is definetly become the optimal asset for Kayak stableswap. Kayak Finance is happy to partner with Benqi and onboarding sAVAX to the platform. In the meantime, sAVAX will be supported as the collateral asset for kayak stablecoin which will be launched in Q3.

More utility and integration will be onboraded for $sAVAX and other Benqi asset in the future cross-chain product of Kayak Finance.

About Benqi

BENQI is a decentralized finance protocol built on the Avalanche network, comprising three core components:
BENQI Liquid Staking , an Avalanche liquid staking solution that tokenizes staked AVAX;

BENQI Markets, an on-chain lending market, enables users to lend, borrow, and earn interest with their digital assets effortlessly;

Ignite, a permissionless protocol that allows users to launch Avalanche validators with minimal capital and affordably start blockchains through Subnets.

About Kayak Finance

Kayak Finance is a cross-chain aggregated liquidity stable market. We aim to provide a new cross-chain swap mechanism that aggregates liquidity from different chains, provides users with a high-depth, low-slippage Stableswap, and provides significant returns for LPs. Through Kayak Finance, stable asset holders can maximize the use of their positions, increase asset liquidity, and earn more rewards.