Kodiak Introduction
Kodiak: An innovative DEX on Berachain
Kodiak is an innovative decentralized exchange (DEX) that brings centralized liquidity and automated liquidity management to Berachain. It provides traders with the deepest liquidity and best trade execution, and gives unparalleled flexibility and control to protocols and liquidity providers.
Highly composable and future-proof
Kodiak is designed to be highly composable and can be seamlessly integrated with partner protocols. In the future, it is expected to rehypothecate its liquidity positions as collateral in derivatives and money markets.
The goal of becoming a community-native DEX
Kodiak aims to become Berachain's community-native DEX, providing customized trading capabilities and simplified liquidity management for users and protocols by vertically integrating multiple DEX layers, including decentralized exchanges, automated liquidity managers, integrated incentive layers, and code-free token deployer factories.
The only DEX incubated by Berachain
Kodiak is the only DEX incubated by Berachain’s “Build-a-Bera” accelerator program and aims to fill the gap of centralized liquidity in the Berachain ecosystem.
Reasons for choosing to develop on Berachain
Kodiak chose to develop on Berachain because it believes Berachain is on track to become a leading layer-one blockchain by 2024. Berachain is secured by a novel PoL consensus mechanism, where providing liquidity is the only way to earn the network governance token BGT.
Complementary to BEX rather than competing with it
Kodiak and BEX complement each other. BEX is a multi-asset AMM, while Kodiak provides centralized liquidity solutions, greater capital efficiency and flexibility. Kodiak Islands automates LP strategies, simplifies centralized liquidity provision, is eligible for PoL BGT rewards, and rebalances using liquidity on BEX.
Tutorial Start
Territorial waters
Receive testnet tokens (mainnet requires 0.001ETH balance)
Portal: https://bartio.faucet.berachain.com/
After coming in:
Fill in the ETH address
Click Drip
3. Successful water management
SWAP
Portal: https://app.kodiak.finance/#/swap?chain=berachain_bartio
After coming in:
Connect your wallet
Choose BEAR
Choose YEET
Enter any amount
Click SWAP
Continue to click Confirm on the pop-up interface, complete the signature in the wallet, and wait for the SWAP to succeed.
Then we return to the SWAP interface
Choose Bera
Select KDK
Enter any amount
Click Swap
Continue to click Confirm on the pop-up interface, complete the signature in the wallet, and wait for the SWAP to succeed.
Adding Liquidity
Portal: https://app.kodiak.finance/#/liquidity/islands/0xe5a2ab5d2fb268e5ff43a5564e44c3309609aff9?chain=berachain_bartio
After coming in:
Connect your wallet
Enter any amount
Click Supply and complete the signature in the wallet
Pop-up page:
Click Approve YEET and complete the signature in the wallet
Click Confirm and complete the signature in the wallet.
Staking
Portal: https://app.kodiak.finance/#/staking?chain=berachain_bartio
After coming in:
Connect your wallet
Enter any amount
Click Convert
On the pop-up interface, continue to click Convert and complete the signature in the wallet.
Earn BGT
Portal: https://bartio.station.berachain.com/gauge
After entering, connect your wallet in the upper right corner and select YEET-WBERA at the bottom
Then:
Click MAX
Click Approve
Click Deposit and complete the signature in the wallet.
After depositing, remember to come here to claim your BGT
