DeFi

berachain

Can any of the degens explain to me this whole deal with Kodiak and $QIA?

I've been dipping my toe in but it looks like its just a memecoin that gets some buy back and burn?

Both of  Kodiak's validators have it as an incentive though for boosting, but I can't seem to see what the whole deal is on it or any real plans for it.

I ended up digging into this. nfa dyor (I am a holder of qia).

Finance is just swaps of time and/or risk, so it appears QIA is a token that is a "perpetual time swap" of BGT emissions.

Link to BGT emissions vault: https://hub.berachain.com/vaults/0x999008608dcf23d5dca29b3c863d4353f61de243/

So the team is currently earning around $1M per year of BGT rewards, and will buy back and burn $QIA. This is the time swap idea. Present value of $1M a year in cashflows for 20 years? $2.6M. Current Market Cap? $3.6M. The current value of $QIA isn't exactly wrong here since it's within range, but why is it more than the present value?

The key here is as the market cap increases, the reward vault will drive more BGT emissions to the vault, so the market is pricing in future increased BGT emissions, hence the perpetual part.

If you want a clean way to get buy a future on BGT emission rewards for an indefinite time period, this seems like a good way to do it actually.

Defi. Ethereum. Physics.

Data at @quotient.

Interesante análisis, la valorización refleja la expectativa de crecimiento en las emisiones de BGT, lo que hace que QIA sea una apuesta atractiva para ingresos futuros perpetuos. Gran explicación sobre el mecanismo de recompra y quema.