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Bringing real world yield on chain. High, sustainable, liquid yield.

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Loans originated
107
Average Yield
24%
Total Staked
0 xKONA
Staking Yield
-
Propose a new oracle

A new way to borrow and invest through DeFi Kona provides the missing layer for short term credit to be brought on-chain.

Short term loans have been tradfi's bread and butter for decades.

We're just bringing them on chain.

We're not reinventing the wheel

Yields collateralized and brought on-chain by oracles.

A tool for the ecosystem

Kona's free fee model lets other protocols leverage on our tech to access different sources of yield.

Incentives aligned for constant fair rate

Kona's tokenomics are a tool to align interests and constantly price to market every debt solution on the platform.

Web 2 and Web 3 interchange

We combine the best of both worlds by utilizing crypto's rails and letting oracles control the borrower experience.

Full on-chain hedging solution Kona's proprietary hedging solution, lets lenders access emerging market credit hassle free.

By entering the capital pools through Nakō, all principal capital is hedged against the local currency fully on-chain.

Optimizing capital, as no additional collateral is necessary, saving time, as managing the hedge through a bank is not necessary, and easing auditing, as everything is done on-chain. We believe Nakō can unlock a wide range of applications using DeFi to access RWAs.

a wide range of applications using DeFi to access RWAs.

Staking Pools
Capital Pools
Loan Manager Contract
Insurance Pools
Origination Oracles
Loans
Ramp Oracles
Information Oracles
Interact with the infographic to see more.
Capital Pools
Can be set up to employ custom capital allocation guidelines
Capital pool managers may set a custom allowance and investment strategy by defining capital cost, redemption window, credit worthiness, and specific oracles. Stables are deployed in exchange for LPTs. LMC calculates + updates the performance of the loan and distributes interests. Pools, if set, may delegate the LMC to reinvest the capital.
Loan Manager Contract
Manages eligible loans and controls capital deployment and repayment
At the end of the cycle, performance is calculated by the LMC and excess returns are distributed to stakers that backed successful oracles by issuing new LPTs
Staking Pools
Provide subordinate protection to capital pools while having access to excess return
Oracles are then paid by a cut of returns based on performance, collateralization, and amount of capital drawn.
Oracles originate new loans and the Loan Manager Contract (LMC) cross references the information with other oracles to define loan eligibility and choose the pools to draw capital from.
Insurance Pools
Oracles may insure the information they provide in stables and take part in the junior share
Capital in stables is transferred to the Ramp Provider to be converted to fiat and wired. The Ramp Oracle converts fiat to stables and calls repay() in the LMC, transferring stables into the contract.
Oracles may collateralize their information in order to increase credit worthiness. Collateral is posted in stables, and is junior to Capital pools and stakers.
Origination and Information Oracles
Take the bulk of the off-chain work:
  • Originating
  • Structuring
  • Provide Information
    • They are used in parallel to cross reference information on collateral
    Once the loan is deployed it is tagged as active and oracles monitor the performance and feed the information back to the LMC. In the case of a default on payment the oracle is responsible for executing the collateral
    Ramp Oracles
    A special type of oracle that transitions capital to and from the blockchain
    Fiat is then wired directly to the borrower.Payment is made directly to Kona's account within the Ramp Orovider, which then feeds the information to the LMC
    Loans
    Capital is deployed directly into loans in stables.

    Staking Kona = Aping into subordinate yields Stakers are the backbone of Kona's credit system and responsible for securing and managing capital flows within the platform.

    Oracle Selection Stakers individually back the oracles with the best risk/return. Stakes need to be directed at specific oracles, free riding is not possible.
    Access to Subordinate Returns Stakes will define the amount of subordination an oracle has on its loans. More stakes = More subordination = Less risk = Lower capital costs.
    Aggregate Returns The higher the staking rate, the more stakers share in the excess returns of the aggregate portfolio of the protocol.
    Return in LPT When the aggregate portfolio is profitable for the cycle, stakers are payed directly in LPTs and compound their returns.
    Discover Kona Tokenomics