Kaia adds yen stablecoin JPYC to Contribution Reward and will burn 4.9M KAIA
- —JPYC becomes the second eligible CR asset after USDT from Oct. 21, at block 230,342,400
- —Participants must stake 10 KAIA per $1 of stablecoin deposited in the same wallet
- —2.46M KAIA from the first period and 2.44M KAIA from the second will be burned, 4.905M total
- —The monthly CR reward budget is fixed at 2.5 million KAIA
Why it matters: The burn cuts KAIA supply, while tying rewards to Asian stablecoins broadens demand for the network.
Source: Blockmedia