xKILO is a non-transferable custodial governance token pegged to staked KILO. It can be obtained through airdrops or direct KILO conversion.For details: https://docs.kiloex.io/kiloex/about-kiloex/usdkilo-usdxkilo-token

How to claim xKILO rewards from the vault?

The KiloEx vault currently supports multiple tokens and is a typical Hybrid Vault.

KiloEx vault acts as the counterparty for traders, so the system uses real margin assets (like USDT, USDC) for trading and settlement in the contract protocol. Other assets pledged to the vault need to undergo a conversion operation similar to collateralized borrowing of margin assets. The concept of LTV (Loan to Value) is introduced, defining the maximum asset value that can be borrowed using specific collateral. Currently, the LTV value for trading margin assets USDT and USDC is 100%, while other mainstream assets may have an LTV value of 75%. The LTV values for other assets are not fixed and will be dynamically adjusted based on deposit volume. The larger the deposit volume of a certain currency, the lower its LTV may become.The proportion of non-Quote assets will not exceed 50% of the total pledged assets. When the proportion of a non-Quote asset exceeds 40% of the total pledged assets, the LTV ratio of that asset will be dynamically adjusted.

The KiloEx vault acts as the counterparty for traders. As a liquidity provider for the KiloEx vault, users can simply deposit USDT, USDC, or other mixed assets into the vault and share 30% of the platform's revenue.

The new vault is divided into two parts: Base and Buffer. The Base part consists of pledged funds from vault stakers + a proportion of platform fee income (currently 30%). The Buffer part consists of all trading profits and losses + funding fees.

To ensure the safety of the vault and prevent equity holders from operating before changes in profits and losses, stakers cannot withdraw funds at will. Using a cycle system, the time required for withdrawal requests is determined based on the CR value. After initiating a withdrawal request, funds can be withdrawn after waiting for 1 (CR ≥ 120%), 2 (CR ≥ 110%), or 3 cycles (CR ≤ 110%).

You can simply understand it as the Collateralization Ratio CR = (Base + Buffer) / Base

These discount fees will ultimately be paid from the Buffer part of the vault.

Yes, as long as your funds are not withdrawn from the vault, you will continue to enjoy the earnings generated by the vault.

No, deposits with fixed lock-up periods enjoy certain discounts according to the contract and must be strictly executed according to the maturity time, and can be withdrawn after unlocking.

The current contract design is to withdraw the principal and earnings proportionally based on the ratio of the withdrawal amount to the deposit amount. So when partially withdrawing the principal, the earnings will also be partially withdrawn.

Yes, due to the need for cycle settlement, fund withdrawals are not supported within 48-72 hours of each cycle. However, to improve user experience and reduce calculation time and waiting anxiety, we support you to initiate withdrawal requests at any time.

Theoretically, there is this risk. It is recommended to increase the deposit of the collateral asset or repay part or all of the loss in Quote assets.

As the counterparty for traders, the vault faces the risk of losses. Although Vault 3.0 inherits the improvements of 2.0 by adopting the Base+Buffer method for better earning stability, potential losses during certain periods cannot be ruled out. When the expected earnings of non-Quote assets pledged become negative, you need to repay the corresponding loss in Quote assets during withdrawal to fully withdraw the deposited non-Quote assets.

hToken is a deposit certificate. When a user deposits assets, Hybrid Vault will mint equivalent hToken to the user. The kUSDT vault is a USDT storage vault that follows the ERC-4626 standard. This standard provides an API for tokenized revenue-generating storage vaults, representing shares of individual underlying ERC-20 assets. For this vault, kUSDT shares represent the underlying USDT assets.