About KapeSwap
KapeSwap is the First automatic liquidity acquisition yield farm and AMM decentralized exchange running on KuCoin Community Chain with lots of unique and creative features that let you earn and win.
Main Features
Automatic Liquidity: Each transfer of KAPE must pay a 5% transfer tax. The 4% transfer tax gets added to the liquidity pool through the contract automatically to raise the price floor continuously. And the liquidity will be locked and inaccessible. With time this auto liquidity feature will be used to generate liquidity for other major pairs too, not just for KAPE. For now the contract is set to generate automatic liquidity for only the KAPE-KCS Liquidity Pool.
Automated Burning: As we have mentioned above, each transfer of KAPE must pay a 5% transfer tax. The 4% transfer tax will be allocated to Automatic liquidity acquisition. And the rest 1% transfer tax will be burned immediately. The whole process is automatic.
Anti Whale: Transfer more than 0.5% of the total supply will be rejected. As the total supply grows, this ratio will be adjusted to match the circulating supply.
Low fees: Why pay more? KapeSwap runs on KuCoin Community Chain, a blockchain with much lower transaction costs than Ethereum, Bitcoin or even BSC. Our Smart Contracts are well optimized to ensure that trading fees are lower than other decentralized exchanges too, so that's a double win for you!
Decentralized.
Trade directly from your wallet app: Unlike centralized exchanges like KuCoin or Binance, KapeSwap doesn’t hold your funds when you trade: you have 100% ownership of your own crypto.
Earn
Earn KAPE and other tokens for free with super high interest rates.
Earn tokens with xKAPE Pools
Stake KAPE, earn free tokens. It’s really that easy.
- KAPE holders will be able to earn free tokens each week from major projects. New projects will join the party every day, so you can earn more, for even longer.
- Earn KAPE with Yield Farms
Stake LP tokens, earn KAPE.
- You take on a little more exposure to market fluctuations than with the xKAPE Pools, but can earn higher APR to offset the risk.
Earn Trading Fees
- No farm? No problem. Even if your trading pair isn’t supported on the Farms page, you can still earn trading fees when you stake your tokens in Liquidity Pools (LPs).
Win
KapeSwap makes making money fun.
Lottery
- Wanna earn some more KAPE? Play the KapeSwap Lottery.
- Join as many daily players for your chance to win big!
NFT Collectibles
- Win collectible NFTs for participating in trading competitions, adding Liquidity to specified pools and more fun & games.
Exchange
KapeSwap is a decentralized exchange (or DEX, for short), and the first major product of the KapeSwap protocol. It is also non-custodial, which means that—unlike centralized exchanges—KapeSwap does not need to possess your tokens in order for you to be able to trade them. Instead, KapeSwap allows users to trade trustlessly, peer-to-peer, with liquidity that is supplied by other users. This means that new projects can easily connect to their desired markets as long as some entity is willing to provide the liquidity. To be a liquidity provider, holders of any token need to supply equal parts liquidity for that token (sometimes called the quote token), and a second token (usually KCS, or a stable coin). In return these holders receive KapeSwap liquidity provider (LP) tokens that represent their share of the pooled liquidity for that token pair. The existence of this pooled liquidity gives other traders access to the underlying tokens in exchange for a small fee, which is distributed proportionately to all of the liquidity providers. In this sense, KapeSwap is also an “automated market maker” (or AMM, for short). While a user’s underlying tokens remain in the pool, fluctuations in the price of the two underlying tokens automatically recalibrate the quantity of those tokens to conform to the equation x*y=k, where x and y are the quantities of the two paired tokens, and k is constant. This means that even though you supply equal parts of two tokens to the pool, the quantities you receive when you reclaim your liquidity will change relative to the difference in the change in price of the two tokens when you remove the liquidity. If the price of x token goes up, and y token goes down, you will have less of x and more of y, and vice versa. If the price of both tokens goes up, or the price of both goes down, you will nonetheless have relative quantities of each token proportionately to the difference in the change of the price of x and y.
The KapeSwap Exchange offers several features that support decentralized trading:
Swapping/Trading: KapeSwap lets users trade without the need to go through a Centralized Exchange. Everything you do on KapeSwap is routed directly through your own wallet—no need to trust someone else with your coins!
Liquidity Pools: You can only swap tokens on KapeSwap if there is enough liquidity for those tokens. If nobody has added much liquidity for the token or tokens you want to swap, it will be difficult, expensive, or impossible to do so.
Providing liquidity will get you LP Tokens, which will earn you rewards in the form of trading fees for making sure there's always liquidity for the exchange to use.Yield Farming: Yield farming lets users that are providing liquidity earn KAPE rewards by locking their LP tokens into a smart contract. The incentive is to balance out the risk of impermanent loss that comes along with locking in your liquidity.
Initial Farm Offerings (IFOs): An Initial Farm Offering is an event that lets users buy into a limited-time offer to purchase new tokens. The IFO price is usually very generous.
Initial Reflect Offerings (IROs): This is a new token launch model being introduced by KapeSwap to help new project owners generate sufficent liquidity for their tokens on KapeSwap.
Trading Fee: For each trade, a 0.25% fee is paid. 0.17% goes to liquidity providers and 0.03% goes to the KapeSwap treasury. 0.05% will be sent towards KAPE buyback and burn.
Yield Farming
What is Yield Farming?
When people say they are yield "farming," they just mean that they're giving something to a platform (usually by staking their assets) that justifies paying out an annualized percentage yield (APY). Often, this effort entails adding liquidity to a network, and then staking liquidity provider tokens, or adding liquidity to a market for borrowing and lending. Projects incentivize this behavior when it enables them to function more efficiently. In KapeSwap's case, adding liquidity to any branch of the platform allows the platform as a whole to be more efficient, and every type of market will be available on KapeSwap.
How do I stack yield?
There's three types of yield in DeFi and therefore three types of yield you will see throughout most Defi Protocols. KapeSwap will expand beyond just being an AMM into yield farms and later into servicing leverage demand (Lending and Borrowing), KapeSwap is arguably the only place (on KCC) where you will effectively be able to stack these three yield types on top of each other.
Here is a description of the three types of yield:
Protocol usage: Whenever someone makes a trade on KapeSwap, 0.17% swap fees are distributed among a liquidity providers
Network tokens: LP tokens are given rewards, and these rewards further optimize your impermanent gain (yields earned through volume and volatility).
Leverage demand: this can be expressed as the interest rate for lenders on Kashi . Demand for leverage in crypto markets drives increased borrowing.
Simple Stacking: Two Types of Yield
Now that you know what the three forms of yield are, you can try to stack them yourself. Start small if you like, by finding a token pair that you want to hold, and using it to stack two types of yield on KapeSwap. Usually, the pairs require KCS and a second token, but the following example can be any pair that’s on the list, or the permanent menu:
- Provide liquidity on KapeSwap by entering a pool that is incentivized by Sushi (https://exchange.kapeswap.finance/#/pool).
- Deposit the liquidity token (LP) you received after supplying liquidity into a yield farm, and earn KAPE.
- Stake your KAPE rewards for additional yield and earn more KAPE.
Unstaking or adding LP tokens to a farm will automatically harvest any rewards you have available. A good way to save on gas
IFO (Initial Farm Offering)
Buy new tokens using KAPE-KCS LP tokens.
The project gets the KCS, KapeSwap burns the KAPE. You get the tokens.
- You will need KAPE-KCS LP tokens to participate.
- KAPE tokens equating to half of the total funds raised will be burned forever: For example, if the full $1,000,000 USD allocation is raised, then $500,000 of KAPE tokens will be burned.
How to participate in an IFO
KapeSwap IFOs have not been launched yet, when it launches, the first IFO will be announced 2 weeks before it take place.
Before Sale:
- Buy KAPE and KCS tokens
- Get KAPE-KCS LP tokens by adding KAPE and KCS liquidity
During Sale:
While the sale is live, commit your KAPE-KCS LP tokens to buy the IFO tokens at https://kapeswap.finance/ifo
After Sale:
- When the sale is complete, claim the IFO tokens you've bought. Your unspent funds will also be sent back to you.
- Done! In the case of an overflow you can unstake your remaining KAPE-KCS LP tokens.
If you decide to acquire KAPE-KCS LP tokens before the IFO starts, you can stake them in the KAPE-KCS Farm to earn KAPE token rewards while waiting for the sale.
Kape Yield Vaults
This feature is modeled after one of the most popular DeFi use cases: auto-compounding vaults. Vaults like these allow LPs to stake their liquidity, earn an underlying asset (i.e. KAPE) and automatically compound their LP position via a smart contract.
The smart contract sells the LP rewards from external platforms (i.e. KOFFEE if the Yield Vault utilizes koffeeswap) as they are earned and auto-reinvests in the base assets while still giving the user an allocation of KAPE harvestable rewards each day.
What's a Yield Vault?
Kape Yield Vaults are cross-platform, auto-compounding yield vaults. This is a fancy way of saying that Kape Yield vaults are built on top of smart contract vaults that allow you to:
- Deposit cryptocurrencies
- Earn yield from external host farms (i.e. Koffeswap, Kuswap or Kudex)
- Sell that yield (Koffee, KUS or KUD) back into the base asset pair and re-pool it (auto-compound your deposit currency)
- Earn yield in KAPE
In essence, Kape Yield Vaults allow you to farm 2 platforms simultaneously: the Host Farm (KoffeeSwap, KuSwap, Kudex, etc.) + KAPE Reward Multipliers on top of it.
This leads to higher APYs for our users (since you're earning from two different currencies simultaneously) and most importantly it leads to a FAR more sustainable tokenomic model for KAPE.
The Kape Yield Vault Migration is our shift from the normal farming platform model (unsustainable) to the Autofarm platform model (sustainable)
Kape Yield Vaults pay far less KAPE than standard farms/pools but maintain high APYs. This is achieved through smart contract technology that takes deposited funds to external host farms and pools those funds there to yield farm the host cryptocurrency.
For example, the KCS-BNB farm utilizes the Kuswap platform. This means that KCS-BNB deposits earn KUS rewards + a small KAPE harvest. Additionally, your KUS rewards will be sold autonomously back into KCS-BNB and added to your staked vault position on Yield vaults, leading to higher APYs since the auto-compounding is far more efficient than manual transfers.
Why is This Bullish For KAPE?
Since the Launch of DeFi farms on KCC, we've all realized the unsustainable model that most DeFi farms are built on. Kandyswap led the charge in this revolution of new platforms popping up on the KuCoin Community Chain that allowed users to yield farm at ridiculous APRs.
KANDY went into a state of steady decline and platforms that copied that tokenomic model went along with it (Ours will go down the same route if we don't implement the yield vaults).
This is when we decided to research more advanced smart contract technology. Rather than only simple yield vaults that paid only KAPE harvests, we decided to adopt the approach taken by far more successful platforms like Autofarm.
The overall inflation that will directed toward the auto yield vaults will be nearly 10 times less than the inflation directed toward our old Farms/Pools model.
With this new feature, we're turning the concept of yield farming with KAPE completely on its head. Yield farms on Kape Vaults will earn a very low KAPE Multiplier but they maintain a high APY by stacking yield with platforms like Kuswap, KoffeeSwap, Kudex and others in the future.
Additionally, Kape Vaults don't take a one-time deposit fee. Instead, they take an ongoing management fee on the KUS, KOFFEE and KUD yield farming rewards. Kape Vaults take a 7% management fee on these rewards and autonomously buyback and burn KAPE. A separate 3% management fee is taken and distributed back to KAPE vault stakers as liquid KCS Rewards.
There's a very specific reason why we spent so many weeks/months designing, developing and implementing the Kape Yield Vaults. We believe it marks a major turning point for both the KAPE price and the long-term viability of the platform as we continue to spend the months and years ahead developing and adopting more complex smart contracts to allow for various DeFi operations like yield farming, synthetic assets, collateralized loans and more.
KapeSwap Token
Basic Information
- Token Name: KapeToken
- Token Symbol: KAPE
- Contract Address: 0xf5aa1d86e125afad0dedbeaf912998961fe35066
- Chain: KuCoin Community Chain (KRC20)
- Max Supply: Uncapped
Transfer Tax
- Burn Rate: 1% of transfer tax will be burned immediately
- Automatic Liquidity Rate: 4% of transfer tax will be added to the LP pool and locked.
- Total Transfer Tax Rate: 5% of every transfer
Emission Rate
- 10 KAPE / block
- 288,000 KAPE / day
- 9.09% to the dev team to ensure essential growth of the project
Why KAPE Has No Hard Cap?
There's currently no hard cap on the supply of KAPE, making it an inflationary token.
Community members often point to this as a cause for concern, and while the dev team certainly understands the wish for a hard cap, there's a big reason we don't expect to set one in the near future.
"KAPE's primary function is to incentivize providing liquidity to the exchange. Without block rewards, there would be much less incentive to provide liquidity (LP fees, etc. would remain)."
How KAPE Supply Is Reduced Without A Hard Cap?
1. Reducing Block Emission
By reducing the amount of KAPE generated per block, we slow the inflation. But we don't want to do this too frequently, too early, for the same reason we don't want a hard cap: we still need to incentivize people to provide liquidity.
2. Transfer Tax
KAPE now has a 5% transfer tax in each transfer. 1% is burned directly and the rest 4% is added to KAPE-KCS liquidity pool and locked. This deflationary mechanism will help us to reduce the circulating supply of KAPE which will release sell peruse a lot.
RoadMap
OK so it's not actually a roadmap: it's a to-do list, in no particular order, with no particular timeline. This is how we work: as fast as we can, on the things we can. Pivoting is a way of life.
As you can see, we're trying to provide ETA for each task. But development or coding is not easy, and it is always accompanied by some uncertainty. We will try our best to release every feature or product on time. Please also be aware of the possible delays. Many thanks!
Launch
- Project Launch
- Audits (In progress)
- Apply for Listings on Coinmarketcap, Coingecko, KCC Explorer, etc.
- Lottery
- Farming/xKAPE Pools (Stake KAPE to earn free tokens)
- Twitter Contests
- Partnerships - Will start right after launch
Full Site Rework
- New homepage
- Harvest all & stake all
- Personal dashboard
- Improved UX
- Faster site
- Mobile friendly
- New navigation system
KAPE Staking (xKAPE Pools)
- KAPE Staking
- Core Pools
- Community Pools: Host KCC community project Pools, support with 0.1-0.2x KAPE farms
Auto-compounding KAPE-KAPE Syrup Pool
AMM EXCHANGE
- AMM Decentralized Exchange
- Add KAPE-LP Farms
- NFT Airdrop (Hold KAPE and Stand a Chance to win NFT Collectibles)
- AMM Trading Mining (Trading on KapeSwap to earn new tokens)
- Airdrop Platform (Hold KAPE to claim free new tokens) - 20 days after AMM release
Other products
- Lottery (core feature)
- Analytics (core feature)
- Voting (core feature)
- Prediction Markets (core feature)
- IFO (Initial Farm Offering): Raise funds for your project in KAPE-KCS LP tokens. After redeeming the LP tokens, the KCS is distributed to the project and the KAPE is burned.
- IRO (Initial Reflect Offering): New Token launch model introduced by KapeSwap - Buy a Project's reflect Token and earn reflection rewards according to your holdings.
- Lending & Borrowing: Lend and borrow KCC and LP tokens - KAPE provides rate discount
- Margin Trading: Trade KCC tokens with leverage on-chain — periodic KAPE buyback and burn
- NFT Ecosystem: Mint, trade, and more — all paid in KAPE
- NFT-based Gamification: Complete tasks, level up etc. to earn NFTs — use KAPE to mint
Fixed-term Staking - Customizable User Profile
Contact Information
Website : https://kapeswap.finance/
Medium : https://kapeswap.medium.com/
Twitter : https://twitter.com/kapeswap
Telegram : https://t.me/KapeSwap
GitHub : https://github.com/kapeswap
UserName : pijayplow93
Profile : https://bitcointalk.org/index.php?action=profile;u=2750501
Wallet : 0xE42555f44ff0d1f38C56540b3FFA4428734dD775