KannagiFinance - Crypto Chill

Kannagi Finance – No.1 Aggregator on zkSync

Kannagi.finance is a protocol that incorporates multi-strategy yield optimizing on zkSync mainnet

Overview of Kannagi Finance

1.What is Kannagi Finance?

Kannagi.finance is a protocol that incorporates multi-strategy yield optimizing on zkSync mainnet. It also provides aggregation through vault compounding, lending and yield generation for maximum returns with low fees/slippage. Different from other yield farming protocols, Kannagi focuses on giving users the best yield through a combination of trading fee rewards(KANA tokens)and a multi-strategy optimization vault system.By utilizing multiple strategies simultaneously, Kannagi minimizes dependence on any one protocol while generating users the best possible yield rates in DEFI.This also protects users from low-liquidity withdrawal issues.

Kannagi.finance will launch on zkSync due to its high transaction speed, fast-growing ecosystem, and the support for DeFi projects. For individual investors, the fast development of zkSync has brought great wealth effects to individual users, but the cost of finding the best return on assets is too high. Kannagi finance maximizes your returns by automatically learning to reduce the cost of finding the best yield strategy. What’s more, kannagi.finance’s value portfolio combines convenience and gas savings with virtually no temporary losses.

2.Main features

Kannagi Vault

Kannagi.finance is an auto-compounding yield farm that maximizes users’ yields by automating the power of compound interest.

It does so by offering “Vaults”. Vaults are automated financial strategies, where a user can deposit assets that would otherwise earn yield elsewhere. These vaults redirect the user’s funds to the original source of yield. Kannagi Harvest-Bots automatically harvest emissions when profitable, and compound them back into the vault on behalf of the user. The user can then sit back and relax while their position grows, and can withdraw their funds at any time.

Leveraged Yield Farming

Coming soon…

Kannagi Options

Kannagi’s automated options market enables best-in-class pricing based on realtime supply and demand, bringing fully-featured peer-to-pool trading and capital efficiency to DeFi options.

The key problems Kannagi option solves compared to other options protocols:

Market driven option pricing
Capital efficient pool-to-peer architecture
Optimal liquidity pool utilization
Risk management and instant withdrawals for liquidity providers

Key Kannagi Option innovations:‌

Market driven options pricing – Each pool on Kannagi Options takes into account the relative supply and demand of capital within that pool to ensure a market-clearing options price is reached. This ensures optimal pool utilization at fair prices.
Liquidity sensitive returns to LPs – Returns on liquidity (options premiums) are priced according to the supply/demand of capital in each pool. Larger demand means higher option prices, which translates to greater returns for LPs.
Granular liquidity provision – LPs have control over which markets they underwrite, as opposed to underwriting the entire volatility market. LPs can implement customized strategies to granularly provision their liquidity only to the pools (and options) they desire.
Self-incentivizing initial liquidity – The automated pool pricing mechanism incentivizes liquidity providers to enter a pool from the time it’s launched, to get the highest returns. This ensures lower slippage by the time the first options are bought from the pool.
Dynamic Kannagi token rewards – Liquidity providers and Kannagi staking users accrue KANA over time through our Liquidity Mining program and KANA system, respectively. The amount rewarded depends on the size of their position and the length of the deposit (additionally, the amount of protocol fees generated determines the total size of rewards for Kannagi staking users).

Kannagi DAO

Kannagi DAO mission is to position the DAO as the platform’s Asset Manager and ultimate decision-maker on strategic matters.

Intending to be genuinely permissionless and decentralized, the protocol needs to serve the interest of its community in perpetuity. The Kannagi governance is designed to be democratic and transparent. To achieve this, the Kannagi DAO acts as the Asset Manager(50% of the protocol fees go to the DAO Treasury) and decision-maker for Kannagi’s strategic matters.

Proposals submitted to the DAO will determine platform fees, trading incentives, and staking rewards. The focus of Kannagi governance can be crystalized around these salient points:

All expenditures, including engineering, will be submitted to and approved by the DAO
Treasury functions, partnerships, and incentive programs will be submitted to and approved by the DAO
Nominate contributors. Anyone can petition the DAO to engage new contributors (advisors, community members, professionals) so long as it is in the interest of the majority. Our vision for this is to have a lasting and strongly aligned community continually working toward the improvement and expansion of Kannagi.
Fees, features, and functionalities. The DAO will propose, control and approve trading fees, fee distribution, the listing of additional crypto assets, integration of new asset classes (forex, indices, synthetics, commodities, etc.), cross-chain expansion opportunities and other features that are integral to the platform’s success.
Security. As Kannagi grows, security topics will become of growing importance. A bug bounty program and security audits are the cornerstones of operational security.
Other topics or matters that are of operational and/or strategic importance.

ZAP

With Zap, liquidity providers on Kannagi Finance can add liquidity with a single token in the trading pair of their choice. Without the onerous duty of having to swap to trade the token into a perfect 50:50 split, Zap automatically performs the swaps using the one token provided and automatically balances the trading pair to a 50/50 proportion.

Further, with Zap, liquidity providers can add liquidity with an imbalanced number of tokens in the chosen trading pair. Zap automatically rebalances the imbalance token number into the perfect 50:50 split before adding liquidity to the pool.

Lastly, with Zap, users can easily remove liquidity and specify what tokens they would like to receive.

3.Token

Token Name: Kannagi Token

Ticker: $KANA

Total Supply: 100,000,000

Network:zkSync Era

Standard: ERC-20

KANA Allocation

Allocation	Percentage	Amount(KANA)
Initial Liquidity	10%	10,000,000
Depositors	50%	50,000,000
Reinvest pushers	10%	10,000,000
Options incentive	10%	10,000,000
Team((2 year linear vesting))	6%	6,000,000
Ecosystem	5%	5,000,000
Advisor	5%	5,000,000
Community (airdrop)	4%	4,000,000