Kyoko is a one-stop platform that provides liquidity to the Web3 and GameFi industries, offering a P2P NFT lending platform and cross-chain asset lending market for guilds and players. Kyoko aims to solve the challenges of the GameFi market, including the rising cost of entry fees and isolated in-game assets across different blockchains. The protocol was launched in 2022.
Kyoko has two main products:
- Kyoko P2P NFT lending is a decentralized lending protocol that aims to provide a comprehensive solution for NFT market liquidity issues. It allows users to use NFTs from a lot of collections and projects as collateral.
- Cross-chain asset lending platform allows lenders to list game items from different blockchains on a single platform, while borrowers can borrow their desired NFTs to enter new games at a fraction of the cost.
KYOKO token is the native token of Kyoko and it can be staked to earn interests or receive voting rights in DAO.
KYOKO is the native governance token of Kyoko. KYOKO has a total supply of 1,000,000,000 and a circulating supply of 10,376,444 .
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