KYROS

How to Join Kyros Village Campaign

To participate in the Kyros Village campaign and position yourself for any potential rewards, follow these steps:

1. Visit the official Kyros campaign page
2. Connect your Solana wallet to the platform
3. Head to “The Village” section within the app
4. Use the referral code prk3t0 when submitting your information
5. Begin exploring the available quests in the interface
6. Complete quests to earn XP and climb through the ranks
7. Check back regularly as new quests will be added over time

Types of Quests in Kyros Village

Kyros has organized its Village quests into three distinct categories, each designed to test different aspects of user engagement and skills:

Attack Quests

These quests are designed to test users’ offensive capabilities and strategic thinking. They may include:

• Testing new DeFi strategies with kySOL
• Participating in trading competitions
• Completing technical challenges

Defense Quests

Defense quests focus on strengthening the Kyros ecosystem and may include:

• Providing liquidity to kySOL pools
• Participating in governance discussions
• Contributing to protocol security initiatives

Loyalty Quests

These quests measure user dedication to the Kyros project and may include:

• Long-term holding of kySOL tokens
• Community engagement activities
• Participation in protocol events

How to engage with Kyrok by minting kySOL tokens

1. Visit app.kyros.fi
2. Connect your Solana wallet
3. Navigate to the minting section
4. Deposit JitoSOL to receive kySOL in return

If you don’t have JitoSOL already, you’ll need to:

1. Acquire SOL tokens (you can purchase SOL on Binance)
2. Bridge tokens to Solana if needed (using Rhino Bridge)
3. Stake your SOL with Jito to receive JitoSOL
4. Then deposit your JitoSOL into Kyros

Benefits of kySOL

Kyros’ liquid restaking token offers several advantages over traditional staking:

• Enhanced Yield: Combines Solana staking rewards (~6-7% APY) with MEV rewards (additional ~1-2% APY) for approximately 8.6% total APY
• Liquidity: Unlike traditional staking, kySOL tokens remain liquid and usable in DeFi
• Composability: Can be used as collateral in lending protocols or in liquidity pools
• Simplicity: Consolidates multiple reward streams into a single asset

Frequently Asked Questions

What makes Kyros different from other liquid staking protocols?

Kyros differentiates itself by combining multiple yield sources (staking rewards, MEV rewards, and restaking benefits) into a single token. Additionally, it’s built specifically on Jito’s infrastructure, which is designed to maximize MEV returns for validators and stakers.

Is there a confirmed Kyros token airdrop?

While Kyros hasn’t explicitly announced a token airdrop, the Village campaign with its quest and ranking system strongly suggests a potential future token distribution to active community members. This approach aligns with common practices in DeFi projects before token launches.

Can I withdraw my JitoSOL after depositing it for kySOL?

Yes, kySOL can be redeemed for the underlying JitoSOL at any time, subject to the protocol’s liquidity conditions. This redemption process allows users to exit their position if needed.

How is the APY for kySOL calculated?

The approximate 8.6% APY for kySOL comes from combining:

• Base Solana staking rewards (~6-7%)
• MEV rewards from Jito’s specialized validator network (~1-2%)
• Additional protocol incentives may be added in the future

Conclusion

The Kyros Village campaign presents an opportunity for Solana users to engage with an emerging liquid restaking protocol. By participating in quests and climbing the ranks, users can position themselves for potential future benefits while learning about an improved approach to Solana staking.

kySOL offers a compelling yield-bearing alternative to traditional SOL staking, combining multiple reward streams into a single, liquid asset. For those interested in maximizing returns on their Solana holdings while maintaining liquidity, Kyros is something worth looking into.