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      • 🔍Identify Den APRs
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  • Dens: Asset Wrappers
  • Example: Kodiak’s KDK token:

Dens

Beras like honey.

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Last updated 2 months ago

Dens: Asset Wrappers

Each Den is an ERC-20 TOKEN smart contract vault that can hold a single or multiple assets weighted according to specified ratios.

  • Immutable Fees: Each Den has a set fee structure that cannot be changed once established. A special liquidity pair (Den LP) is also created on Kodiak for each Den.

  • Fee Conversion: All fees generated within the Den are converted into ARBERA and distributed to LP Stakers.

  • ERC20 Tokens: Dens are represented as programmable ERC-20 receipt tokens, known as brTOKEN.

Example: Kodiak’s KDK token:

  • A Den was explicitly created for the KDK token, denoted as brKDK.

  • A corresponding liquidity pair, brKDK-HONEY LP was also established on Kodiak DEX. This pair will trade against all available KDK liquidity on the chain.

In this setup, users can engage with the Den by wrapping their KDK tokens into brKDK and providing liquidity to the brKDK-HONEY LP, earning ARBERA buyback rewards, BGT, and more by contributing to the ecosystem.

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