The $KAITO token serves as a unified payment medium for the entire Kaito ecosystem, easing intrasystem interactions
Kaito has implemented a buyback program, thereby exerting a deflationary pressure on the price of the tokens remaining in circulation. Please note that the implementation of the deflationary pressure is not a classical one because it lacks the burn element, the tokens being instead retained at 0xF11eED60C6b452841B1466c46F35F8933C4a6a24 (Base).
This VCM represents the overall functionality of $KAITO in its staked (sKAITO) form, which includes the possibility of partiicpation in the regular Yapper Launchpad votes and reception of passive cashflow in the form of Liquidity Incentive allocations.
This sub-VCM represents the incentivisation of $KAITO staking by distribution of $KAITO reserved from the overall supply for Liquidity Incentives to sKAITO holders. Please note that the code of the contract which handles the claim payouts is not verified; as such, the implementation details are not available.
This sub-VCM represents the usage of sKAITO for voting on the Yapper Launchpad. Note that the voting power is dynamic in both the sense of the rate of sKAITO to Holder Votes is adjusted in continuously and the sense that the impact of casting a vote is different depending on the time of the vote being cast. In particular: the voting power received is proportional to the log-length of holding sKAITO (maximal period over time, wiped whenever the current holding falls below a given portion of maximal holding over a given length of elapsed time), the global exchange rate, and the ratio of the user's vote retention length for a particular project relative to the weighted average among all voters (rolling weekly window with hourly update). The uncommon replacement of Conditional Action with the second Risk Exposure is due to the additional weekly lockup of sKAITO at vote casting.