Wagmi is now live on Kava!
We’re thrilled to announce that the Wagmi protocol has been deployed on the Kava Chain.
A brief history of Wagmi
The first version of the Wagmi protocol was launched on Zksync Era and Fantom in April of this year as a CLAMM (Concentrated Liquidity AMM). Following this deployment, we began development on V2, which introduced the multipool concentrator, GMI, and the Wagmi token. The migration from ICE began in September.
Our protocol documentation’s release and subsequent migration garnered significant attention from the community and various network foundations. In September, we established a forum where over 100 users registered within days, engaging in discussions about our first proposal for deployment and partnership with the Kava Chain.
Here is the link to our Forum where you can read the discussion about our launch.
Community voting and proposal
Following these discussions, our community participated in a vote on Snapshot. 221 wallets participated, with 56.88% voting in favor of deploying on Kava. To read the full proposal on snapshot, here is the link: Snapshot Voting
The next step involved securing approval from the Kava community and validators. The vote achieved a quorum, with over 95% in support of the proposal.
Summary of the proposal
The WAGMI DAO proposes to launch their protocol on Kava, requesting 2,898,550 KAVA tokens to bootstrap liquidity. The KAVA will be sent to the multisig address provided. In return, the WAGMI DAO will reserve 200,000,000 WAGMI tokens for Kava DAO’s future use.
We’re introducing the following initial liquidity pools on WAGMI:
- KAVA/WAGMI
- KAVA/ATOM
- ATOM/USDT
- KAVA/USDT
To read the full proposal, here is the link:
Getting Started with Wagmi on Kava
For those new to Wagmi, we’ve prepared extensive documentation to help you get started. If you’re unfamiliar with Kava, we have created a guide to adding it to Metamask wallet. To bridge your Wagmi tokens to Kava, follow our bridging guide.
Staking your Wagmi Tokens
Beyond governance, we’ve introduced Wagmi staking. Learn how it works in our full staking guide. Holders of sWAGMI are eligible for a share of the fee distributions from the Wagmi protocol. Protocol takes 20% performance fee which is then distributed to sWagmi holders.
Earning Yield on Wagmi Protocol
For a detailed guide on using GMI, visit the link provided. If you missed our in-depth explanation about GMI, check out our Medium post. For those interested in autopilot fee generation using our strategies, read more at the given link.
Join the Discussion
Join our discussions on Telegram, Discord, and other platforms. All links are provided below.
Our official links can be found on linktr.ee/realwagmi
