Kyo Finance: Mainnet Launch Announcement

The wait is over. Kyo Finance is thrilled to officially launch its Mainnet on January 14, 2025, at 2AM UTC, alongside the debut of the Soneium Mainnet. As the flagship DEX of Soneium, Kyo Finance launches with KYOTO Release 1.0, marking the first step in realizing the roadmap outlined in our 4-part Medium series.

Soneium is open to everyone. With the Optimism SuperBridge, users can seamlessly bridge assets to Soneium and explore Kyo Finance’s innovative features — from trading and liquidity provision to an upcoming governance system, which will launch alongside the TGE.

Astar Surge Campaign: Closing the Loop

As the $ASTR and $vASTR pre-deposit campaign concludes, participants have three tailored options to reclaim their bridged assets:

1. Deposit into Sake Finance:
   Receive Kyo ASTR Points and Retro Sake Points.
2. Deposit into UntitledBank:
   Receive Kyo ASTR Points and Retro 2x U Points.
3. Withdraw directly on Soneium Mainnet:
   Gain Kyo ASTR Points without additional actions.

This initiative, developed in collaboration with our partners, Sake Finance and UntitledBank, allows participants to retain full control of their assets while maximizing potential rewards. By depositing into partner protocols, users can earn additional incentives.

Important Note:

• The rewards for Kyo ASTR Points and details regarding these rewards will be announced in an upcoming announcement from the Astar Foundation and Kyo Finance.
• The option to deposit into Sake Finance or UntitledBank is only available for $ASTR deposits. Neither protocol offers a direct deposit option for $vASTR.
• If you have deposited $vASTR, you couldwithdraw it directly on the Soneium Mainnet.
• For participants who deposited both $ASTR and $vASTR, the deposit options for Sake Finance and UntitledBank will apply to the $ASTR portion. The $vASTR portion will need to be withdrawn to your wallet via a separate transaction.

Update Regarding $vASTR:

We are conducting thorough testing to ensure seamless $vASTR bridging support. Once testing is complete, the $vASTR withdrawal feature will be made available to provide you with a smooth and reliable experience.

Note: If you choose to deposit your bridged assets into Sake or UntitledBank, the withdrawal process will follow the respective withdrawal policies of Sake and UntitledBank. There was no lock-up period in place for Sake or UntitledBank when we checked. But, please review their terms carefully before making your decision.

Introducing Kyo Credit: The Flagship Campaign of Kyo Finance Mainnet

To celebrate our Mainnet launch, we’re introducing the Kyo Credit system, a rewards program designed for active liquidity providers.

How to Earn Kyo Credit

• LP Deposits:
  Earn Kyo Credit proportional to the dollar ($) value of your LP deposits and time in eligible pools. Some core token pools have multipliers to promote TVL.

Additional Boosts and Events

• Pre-Deposit Campaign Boost:
  Participants in the Astar Surge pre-deposit campaign will receive a 30% Kyo Credit boost for the first 30 days following the launch. Don’t miss your chance!
• Referral Rewards:
  Referrers will earn an additional 5% of the Kyo Credit rewards accumulated by their referred users.
• Future Ticket Events:
  Upcoming details about ticket-based events for Testnet participants will be announced later. Stay tuned!

This program has been designed to ensure a fair and transparent reward system, allowing the community’s long-time supporters to participate meaningfully as Kyo Finance moves forward. A leaderboard system will also be available, providing users with a clear overview of their earned points at a glance.

Enhanced Tools and Security

1. Updated Documentation:
Our official docs have been refreshed with detailed guides for using Kyo Finance’s features. Whether you’re a seasoned DeFi user or exploring for the first time, you’ll find everything you need to get started.

2. KYOTO Release Insights:
An in-depth article covering the KYOTO Release 1.0 details will be published soon. Stay tuned for a comprehensive look at our innovative features and plans.

3. Audit Report Updates:
The KYOTO Release has been rigorously audited, with detailed findings provided by Omnescia. Ensuring the highest security standards remains a top priority for Kyo Finance, and we thank our trusted audit partners for their diligence.

Looking Ahead Together

This launch is more than a milestone. It’s a testament to the power of collaboration, vision, and community. We extend our heartfelt thanks to the Soneium Foundation, our incredible partners, and our community members who have supported us every step of the way.

Disclaimer: This announcement is accurate as of its release date. Terms and conditions may be updated as needed by Kyo Finance.

Ready to explore what we’ve built?

🌐 Dive into Kyo Finance: https://kyo.finance/
📖 Learn more about our journey: https://medium.com/@kyofinance
📚 Discover more details about Kyo Finance: https://docs.kyo.finance/
💕 Join our community:
— Twitter (X): https://x.com/kyofinance
— Discord: https://discord.com/invite/hZkhewnCPp