Kodiak

While Kodiak functions as a standard DEX for token swaps, its reward system centers on providing liquidity, similar to the BEX.

By providing liquidity on Kodiak, you can earn multiple rewards: liquidity fees, partner pool incentives, and KDK (Kodiak's native token). Fees earned will vary for the Islands, V3 Pools and V2 Pools.

Start with Island pools, focusing on those with the highest APR%.

When you deposit into a pool, you'll receive an LP token representing your share of the pool. To start earning KDK, you'll need to stake your LP token. Once staked, you'll begin to earn both KDK and xKDK.

While KDK is fully tradable, xKDK is not. The primary purpose of xKDK is to be staked to earn a share of the protocol rewards.

You can exchange your KDK for xKDK, but converting xKDK back to KDK requires a redemption process that includes a minimum vesting period of 15 days. If you choose to redeem all your xKDK, it will take six months to receive your tokens, so opting for the fastest method is usually recommended.