Vault
Last updated
Last updated
K-BIT Vault is a core component of the K-BIT ecosystem, enabling users to participate in the platform by depositing USDT and receiving KLP tokens in return.
When users deposit USDT into the Vault, they receive KLP, a token that represents a share of the assets held within the Vault. KLP follows the ERC-4626 standard, making it a Vault Token that facilitates seamless integration with DeFi protocols.
Similar to other ERC-20 tokens, KLP is transferable and can be freely traded or utilized within various DeFi applications. To enhance composability, KLP is designed to be integrated into multiple DeFi protocols, expanding its utility and adoption within the broader DeFi ecosystem.
To deposit USDT into the Vault and receive KLP, users must achieve a minimum transaction volume of $100. Once this condition is met, USDT deposits can be made without any minimum or maximum deposit limits.
When users deposit USDT into the Vault, they essentially take the opposite position of K-BIT traders. If traders incur losses, the Vault earns profits. Conversely, if traders generate profits, the Vault incurs losses.
The Vault also collects 30% of the trading fees generated by K-BIT traders. Trading fees are calculated and distributed on the first business day of each week. If users withdraw their KLP before the distribution date, they forfeit their share of the trading fee revenue.
Depositing USDT into the Vault exposes users to trading losses if traders generate significant profits. The Vault's balance may decrease as a result.
There is a risk of contract vulnerabilities or exploits that could lead to the loss of assets within the Vault if the smart contract is improperly written or compromised.
The Vault APR is a statistical measure based on accumulated changes and does not represent a guaranteed return or future income. The Vault APR fluctuates dynamically depending on traders' profits and losses. Users should not rely on APR as a fixed income promise or expect guaranteed returns from the Vault.
