We asked for $60,000. Fifty-eight funders committed $727,114 — twelve times over — through the futarchy on Futardio, and $KIMIA is live.
Ecosystem & Stack
The protocol
Other vaults repackage borrow rate as funding. We built the CLOB — so every rate you earn is paid directly by longs who want leverage.
Split your vault share into PT and YT. PT locks your rate to maturity. YT captures everything above it. Trade either leg, any time.
An AMM built for yield tokens. Price converges to par as maturity approaches — so you always know what your rate is worth.
Spotlight
By: Kimia Protocol
The $285M Drift exploit wasn't an oracle failure — it was admin keys and fake collateral. We break down what actually happened on April 1, and why the next generation of Solana perps has to ship without privileged keys or external yield sources.
By: Kimia Protocol
kUSD is a multi-reserve stablecoin with weight caps, T+1 cross-stable swaps, and on-chain auditable admin controls. The settlement delay kills atomic theft finality — the open problem is building a decentralized hack oracle to flag compromised addresses inside the window.
