KYVE (KYVE)

What Is KYVE?

KYVE is a decentralized archival network that reconstitutes data streams as permanent resources. Any generated data stream — for example, a sequence of blocks from a blockchain — is standardized, proven valid, and stored permanently. By leveraging Arweave, KYVE secures the scalability, immutability, and availability of these resources over time.

KYVE Unique Features

Although SmartWeave is highly decentralized, it comes with a significant disadvantage: its client-side execution leads to scaling issues in the long term.

Imagine a contract that has thousands of interactions. Every time a client wants to compute the latest state of a contract, they need to go through every single interaction that has happened before.

For huge contracts, this process alone can sometimes take several minutes. KYVE nodes can compute the latest state for the client and make it available for other users. Securing the uploaded state with staked $KYVE tokens guarantees security and maintains the decentralization of the network. Furthermore, this process allows users to retrieve the latest form of any smart contract within seconds, another critical advantage for corporate and more advanced use-cases.

Let’s discuss some of KYVE features:

KYVE automatically pipes upstream sources through a simple standardization step. By doing so, KYVE can generalize the process of data retrieval and offer a query interface for users to pull from.

KYVE is deeply generalizable and, therefore intensely versatile, based on discrete elements created by users. These pieces of data are then standardized, combined, stored permanently, and validated. Users can query on any of the features.

Roadmap

Our roadmap is divided into three major sections:

Product Refinement

Our primary focus is to gather as much data and feedback as possible from our users and iterate until obtaining a stabilized and scalable testnet. We want to build the most efficient decentralized middleware of the Web 3.0 ecosystem. We are product-first and we are committed to continuously improving our technology and user experience.

New partnerships

We have successfully partnered with major blockchains such as Cosmos, Polkadot, and Solana, just to name a few. We want to continue to integrate more Layer 1s and Layer 2s throughout the blockchain ecosystem.

Project Awareness

Having a strong community of advocates for open-source technology and decentralization, blockchain developers, and people passionate about the Web 3.0 space is our highest priority for the upcoming months. To achieve it, we will collaborate with our partners to co-create marketing initiatives like Hackathons, Bounties, and other actions that will strengthen the community.

KYVE Token Economy

Ways to earn tokens as a user:

Earn staking rewards by being an uploader or a validatorEarn staking rewards by having staked tokens in the governanceEarn tokens by getting them transferred from you through the treasuryBuy/Sell tokens from an exchange.

The KYVE architecture consists of three main parts:

Governance

In the Governance Smart-Contract, users can stake $KYVE. Staking $KYVE allows users to participate in voting on the protocol. Every user who has staked tokens has the chance of receiving tokens as a reward. The higher the stake, the higher the chance of receiving a reward is.

Treasury

Only governance votes can control the treasury contract, and it will always receive 1% of tokens payouts. The governance can vote on transferring tokens out of the treasury.

Pools

There can be multiple pools. Nodes must stake in the pool. Nodes can have two types: Uploader or Validator. Once the uploader has uploaded data and registered it in the pool, the validators fetch the data and validate it. After a grace period is over, the amount of $KYVE to be paid out is calculated. The reward will be paid out to a governance holder, the treasury, the uploader, and the validators. The validator reward gets evenly distributed between all validators.

Detailed Token Metrics

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Token Distribution

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Token Release Schedule

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Partners and Advisors

Team Members

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Investors

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