Kimp Pool김프 풀
The counterparty to every contract.
A single LP vault takes the other side of every Kimp Contract. Dynamic fees lean against skew, per-asset caps bound the book, and LPs earn half of every protocol fee.
- Pool NAV
- — at mainnet
- kLP price
- — at mainnet
- Your kLP
- —
- Deposit / withdrawal fee
- None
- Instant withdrawal
- If utilization stays ≤ 80%
Deposits open at GIWA mainnet.
How it works작동 방식
- 01
Deposit
Add ETH or bridged USDC. The pool mints kLP at NAV. NAV is accounted in USD.
- 02
Take the other side
Every long and short on every asset trades against the pool. Collateral is escrowed; there is no unsecured credit.
- 03
Earn
50% of protocol fees, 100% of skew charges and liquidation penalties net of the keeper share.
- 04
Carry net P&L
When traders win on net, NAV falls. When they lose, it rises. Caps and dynamic fees bound the exposure.
Fee flows수수료 흐름
Where every fee goes.
0.05% of notional on open and close, 0.02% at settlement. Split on-chain, every trade.
Traders pay
- Open / close0.05%
- Settlement0.02%
of notional
Protocol fees
Collected on-chain by KimpMarket and split automatically, every block.
- Kimp Pool LPs50%
- $KIMP stakers30%
Reporters are paid from this share
- Buy & burn20%
Dynamic fees동적 수수료
Fees that lean against skew.
Trades that make open interest more lopsided pay a skew charge that grows with the square of the imbalance. Trades that rebalance the book pay only the base fee. The charge goes entirely to the pool.
| Skew utilization | Skew charge | Total on $10,000 |
|---|---|---|
| 0% | 0.0% | $5.000 |
| 25% | 0.00625% | $5.625 |
| 50% | 0.025% | $7.500 |
| 75% | 0.05625% | $10.625 |
| 100% | 0.1% | $15.000 |
skewCharge = 0.10% × (|skew_after| / skewCap)²
Risk리스크 관리
Bounded by design.
LPs carry the net P&L of traders. These limits keep that exposure measured.
Skew limits
Per-asset net skew is capped at 50% of that asset's OI cap. A trade that would breach it reverts.
Per-asset OI caps
Total open interest per asset is bounded as a share of pool NAV, so one market cannot dominate the book.
TWAP settlement
Weekly settlement uses a 1-hour TWAP of 60 one-minute index values, so a single last-minute print carries one sixtieth of the weight.
Utilization gate
Withdrawals are instant while utilization stays at or below 80%. Above it they queue to the next weekly settlement.
Reduce-only fallbacks
If the index is stale for 5 minutes or Upbit halts an asset, that market stops accepting new exposure.
Liquidations
Positions are liquidated when equity reaches 25% of initial margin. 90% of the penalty accrues to the pool, 10% to the keeper.
| BTC | 30% | skew ≤ 15% |
|---|---|---|
| ETH | 20% | skew ≤ 10% |
| XRP | 10% | skew ≤ 5% |
| SOL | 10% | skew ≤ 5% |
| DOGE | 10% | skew ≤ 5% |
Caps are governance parameters. Full risk disclosures are in the docs.