FAQ

What is the SEED token?

SEED is a deflationary yield-farming token built on the Zilliqa blockchain. Proceeds from SEED token sales are invested in yield farming across multiple blockchains. The returns are used to buy back and burn SEED tokens, reducing the supply and potentially increasing the token’s value.

How does SEED’s deflationary model work?

The deflationary model works by using the yield earned from farming on other blockchains to buy back SEED tokens. These purchased tokens are sent to a burn address, permanently reducing the total supply of SEED. As supply decreases, this could create upward pressure on the token’s price over time.

What is kUSD?

kUSD (Kalijo USD) is the first true native stablecoin built on the Zilliqa blockchain. It is backed 1:1 by USDT and USDC, and the yield from those stablecoins is used to mint new kUSD tokens. kUSD is primarily used as part of SEED’s staking rewards, and it is available for trade on the PlunderSwap DEX. Contract Address: 0xE9df5b4b1134A3aadf693Db999786699B016239e.

What type of token is kUSD? Can I transfer it to my Zilpay?

kUSD is one of the first ERC20 tokens on Zilliqa EVM. Due to it being ERC20, currently you cannot and should not transfer it to non-evm supported wallets. You will lose these tokens.

How is kUSD different from other stablecoins?

kUSD is yield-farmed and backed by USDT and USDC. Unlike other stablecoins that are simply pegged to fiat, kUSD is minted using the yield generated from stablecoin protocols, ensuring a more secure and stable backing. It’s also natively built on Zilliqa, offering seamless integration within the ecosystem.

How do I earn kUSD by staking SEED?

Staking Rewards: As part of SEED’s staking ecosystem, kUSD will be a key component in rewarding stakers, providing a stable, trustworthy asset alongside SEED’s deflationary yield. SEED yield will be converted into kUSD backed by stablecoin positions. The corresponding amount of kUSD will be minted and distributed on chain to SEED stakers while a portion is also used to buy back and burn SEED from the market. This ensures both TVL growth and distribution happen simultaneously within the ecosystem. You can also trade for kUSD on the PlunderSwap DEX.

What are the benefits of staking SEED?

By staking SEED, you earn APY in both SEED tokens and kUSD. This allows you to benefit from SEED’s deflationary model while also earning a stable, yield-backed asset like kUSD. The longer you stake, the higher your APY will be.

How is kUSD backed?

kUSD is fully backed 1:1 by USDT and USDC. The yield generated from farming USDT and USDC on other blockchains is used to mint kUSD, ensuring that the supply of kUSD is always supported by a pool of stable assets.

Can I swap kUSD for other stablecoins?

Yes, kUSD can be swapped for USDT and USDC at any time, ensuring that its 1:1 backing is maintained. This provides users with flexibility and liquidity for their stablecoin holdings.

Where can I trade SEED and kUSD?

Both SEED and kUSD are available for trading on the PlunderSwap DEX, a decentralized exchange built on the Zilliqa blockchain. You can trade SEED against ZIL and kUSD against USDT and USDC.

What is SEED staking ?

The SEED staking contract allows SEED token holders to stake their tokens and earn APY based on how long they stake. Rewards are paid in both SEED tokens and kUSD, offering a mix of deflationary growth and stablecoin security.

How does SEED generate yield?

SEED generates yield by investing proceeds from token sales into yield farming protocols on various blockchains. These protocols earn yield from assets like USDT and USDC, which are then used to buy back SEED tokens and mint kUSD, supporting both deflationary and stablecoin mechanisms.

What is the long-term vision for SEED and kUSD?

The long-term vision for SEED is to create a sustainable, deflationary token ecosystem that generates ongoing value for holders through yield farming and token burns. kUSD will play a central role in this ecosystem, providing a stable, yield-backed asset to complement SEED’s growth model.

Is there a minimum amount of SEED required to start staking?

No, there is no minimum amount of SEED required to start staking. You can stake any amount of SEED, allowing everyone to participate and earn rewards, regardless of their holdings.

Are there any fees associated with staking or unstaking SEED?

Staking and unstaking SEED do not have any additional fees outside of the standard gas fees required for blockchain transactions. However, if you choose to unstake instantly, a 20% fee will be applied to your staked amount. This instant unstake fee is designed to maintain the stability of the staking pool and promote long-term participation.

Why Isn't The Staking Working On My Mobile Device?

We recommend you download the Metamask App and access the Kalijo Staking through there, and not through a mobile browser like Chrome or Safari.

What If I Have More Questions?

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