Kujira $KUJI Review: Cosmos DeFi Powerhouse

Introduction to Kojira

This section provides an introduction to Kojira, its focus on D5 and real yield generation, and its suite of D5 products.

What is Kojira?

• Kojira is a Cosmos-based layer 1 blockchain that focuses on D5 and real yield generation.

• It offers a suite of D5 products that include Blue Fin, Faux Ghost, Orica, Sonar (coming soon), and the decentralized stablecoin USK.

• The block time is 3 seconds which is roughly two times faster than the average of all 10 min based chains which is around six to seven seconds.

Origin Story and Team

• Kojira was built first on the Terra classic blockchain as Orca which is the first decentralized liquidations platform for anchor protocol.

• Founders of Kojira are Duff Brett and Hans. The core team consists of around 10 people.

Problem they're solving

• Kojira's premise is to democratize the liquidations market but also replace all this game theoretic artificial emission-based incentive default economy to a real yield generating sustainable and healthy market.

• Users can generate income when Market is up or down with no inflation.

Products Suite

This section explores in detail the product suites offered by Kojira.

Blue

• Blue is an all-in-one dashboard for the Kojira ecosystem that includes general information about the project such as price economics, token release schedule, amount of stake tokens, revenue or yield generated, average block time, and also USK supply.

• It has a wallet dashboard where you can view and send tokens. You can also create a vesting contract for any token and also auto-convert other tokens into Koji.

• You can stake, participate in governance, swap (instant or fixed price), bridge Kojira Blue, and mint and burn USK.

Faux Ghost

• Faux Ghost is a decentralized exchange that allows users to trade cryptocurrencies without intermediaries. It uses an automated market maker (AMM) model to provide liquidity.

Orica

• Orica is a decentralized options trading platform that allows users to buy and sell options on various assets.

Sonar

• Sonar is a decentralized lending platform that allows users to lend and borrow cryptocurrencies.

USK

• USK is the native over collateralized decentralized stablecoin pegged to the US dollar that has a one percent fee on augmented USK.

• It accepts a wide range of assets including liquid state assets. Most of the collateral actually comes from atom striped liquid stick atom wrapped eth and also gravity bridged paxos gold which is basically a

Kujira Ecosystem Overview

This section provides an overview of the Kujira ecosystem and its various products.

Kujira Products

• Kujira has several products, including USK, FIN, Orca, Ghost, Part, Finder, and Sonar.

• USK is a decentralized exchange (DEX) that uses the collateralization ratio and Orca as its liquidation engine.

• FIN is an order book DEX that allows isolated margin trading with up to 2.5x leverage on most USK pairs. Bo is their market-making framework for the FIN order book DEX.

• Orca is a liquidation engine that powers USK ghost and margin trading on Finn and offers discounted rates for IBC tokens through Dutch auctions.

• Ghost is a money market where users can borrow and lend any asset on Kujira using Axle Abridged USDC or Kuji USK as liquidity pairs. It also uses Orca as its liquidation engine.

• Part is a sticking UI that embraces decentralization by suggesting sticking with small and medium-sized validators on Blue Kujira. Finder is the official blockchain explorer for the Kutira Next Network similar to Minscan.

• Sonar is a multi-chain wallet in beta testing since late April that allows users to move their assets between different chains without worrying about underlying networks in Cosmos.

Developer Tools

• In addition to these products, Kujira also provides developer tools such as price Oracle, entropy Beacon which brings randomness to gujira, scheduler for automated smart contract execution, and token Factory which allows creating native tokens on kojira.

Chain Architecture

This section provides an overview of the Kujira chain architecture.

Kujira Chain

• Kujira is built using the Cosmos SDK tenement consensus and permissioned cousin. The blockchain is three seconds, which is faster than most Cosmos-based chains, and uses a price Oracle submitted by all 75 active validators as part of its consensus algorithm.

• Prices are measured by at least three independent sources, and Kujira also runs Alliance, which allows interchanging stake tokens to protect and secure the Kutira mainnet.

Kujira Ecosystem Adaptability

This section discusses how the Kujira ecosystem can adapt to new applications.

Building on Top of Kujira

• While all the applications mentioned earlier are native to Kujira, it implements permission cause and wazen so that public applications can be built on top of it.

• Some examples include Black Whale, a market-making bot; Calc Finance, which offers simple and advanced DCA strategies to manage portfolios; Mante Dao, an experimental developer Dao; Eris Protocol, a liquid sticking solution on kujira; and Fusion.

Kojira's Governance

This section explains the two ways to propose ideas to improve the network or make any changes in Kojira.

Unchained Governance

• Proposals can be made through Unchained governance.

• The community, which means all Kojira's thinkers, vote on it.

Kojira Senate

• Proposals can also be made through the Kojira Senate.

• The Senate is a grand oversight committee governed by nine Kujira Senators nominated and elected by the community.

• Six out of nine multi-six members must approve or disapprove of a proposal for it to go through or fail.

• This system allows for faster decision-making and amplifies the expertise of the Senators.

Kuji Tokenomics

This section explains how Kuji incentivizes users without external or artificially created inflationary rewards.

Token Supply

• The total supply of Kuji is 122.4 million tokens with zero inflation.

• Private and public sales have been completed, but team operational marketing and treasury tokens are still vested for another six months.

Utility of Kuji Token

• Staking is the primary use case for Kuji tokens, which secures the chain.

• When you stake Kuji, you earn fees and commissions from all products and user activity happening on the Kojira mainnet.

• Governance as outlined earlier in this video is another use case for Kuji tokens.

• All fees collected on the network are paid directly to stakers through validators, earning a basket of other assets.

• The sticking APR for Kuji is 6.18%, which is real yield and not from inflation.

Conclusion and Personal Strategy

This section provides a personal strategy with Kojira and highlights some criticisms.

Personal Strategy

• Kojira democratizes liquidations and gives power back to the community in the DeFi economy.

• The speaker holds a small amount of Kuji tokens that have been staked, but they are not an active user of Kojira.

• There are many applications that generate real yield, and as more depths launch on Kojira, the APR will go up.

Criticisms

• The culture expressed by some quality members publicly or in their community circles can be unwelcoming to outsiders unfamiliar with it.

• Debates can also be a criticism.

Protecting Innovations and Products

In this section, the speaker discusses the importance of protecting innovations and products in the context of Kojira. The speaker also touches on the aggressiveness sometimes seen in debates among core team members.

Importance of Protecting Innovations

• The speaker emphasizes the importance of protecting innovations and products.

• This is particularly important in the context of Kojira.

Aggressiveness in Debates

• The speaker notes that aggressiveness can be seen in debates among core team members.

• This may contribute to a mentality focused on protecting innovations and products.

Staking Strategy

In this section, the speaker discusses their current staking strategy for Kojira.

Current Staking Strategy

• The speaker's current strategy is to keep staking.

• They are not selling or doubling down on their position.

• Instead, they will let their stake run and see where it goes.

Share Your Experience with Kojira

In this section, the speaker invites viewers to share their experiences with Kojira and proposes that they suggest topics for future videos.

Viewer Feedback

• The speaker invites viewers to share their experiences with Kojira in the comments.

• They also ask viewers to propose topics for future videos.