Kodo Exchange Designed to be the core of Taiko’s liquidity

what is kodo exchange
Kodo exchange is a ve(3,3) Decentralized exchange available on taikos network similar to the like of aerodrome and velodrome for their respective networks as a ve(3,3) DEX, users can lock their KODO for veKODO, which grants them governance power, trading fee rewards, and weekly rebases that increase their locked balance over time. This system encourages long-term participation while ensuring that those who commit to the platform have a direct influence on where incentives go.

Liquidity providers can add funds to liquidity pools, stake their LP tokens, and earn KODO emissions. But instead of emissions being distributed inefficiently, veKODO holders vote on which pools receive KODO rewards, ensuring that incentives flow to the most valuable and active liquidity pools. Additionally, protocols looking to attract liquidity can offer bribes, rewarding veKODO holders for directing emissions to their pools.