LairPrice

(LAIR)

Lair is a cross-chain liquid restaking protocol originally built on the Kaia blockchain. It allows users to earn staking rewards while maintaining liquidity. The $LAIR token serves as the protocol's governance tool and acts as a 'restaking engine.' To mint $rstKAIA (Liquid Restaking Tokens) and earn higher yields, users must pair $LAIR with $stKAIA. Additionally, it powers incentive programs known as 'Lairdrops' and allows for voting on protocol parameters and validator selections.

$stKAIA is a Liquid Staking Token (LST) received for staking $KAIA, providing users with base staking rewards. In contrast, $rstKAIA is a Liquid Restaking Token (LRT) obtained by restaking $stKAIA alongside $LAIR. Holding $rstKAIA allows users to earn both standard staking rewards and additional restaking yields from Actively Validated Services (AVS). This model ensures that restakers have 'skin in the game' and are aligned with the long-term value of the ecosystem.

Lair offers two methods for unstaking. Standard Unstaking follows the native Kaia unbonding period, which takes 7 days. Alternatively, Instant Unstaking allows users to swap their $stKAIA for $KAIA immediately through partner decentralized exchanges. While instant unstaking provides immediate liquidity, it may result in a small percentage loss due to slippage, whereas standard unstaking returns the full amount after the waiting period.

Acorn Points are part of Lair’s loyalty program, earned through activities like staking, providing liquidity, or participating in ecosystem campaigns. These points act as multipliers or eligibility markers for 'Lairdrops.' The protocol has dedicated 40% of its total 1 billion token supply to the community, frequently distributing these rewards to active participants to encourage long-term engagement and ecosystem growth.

Lair utilizes a voting system within its Actively Validated Services (AVS) Vaults. Users can use their $rstKAIA to vote for specific partner projects, such as gaming dApps. In exchange for their participation and support through the voting process, users receive rewards in the form of airdrops from those specific partner project tokens, creating a multi-layered yield environment for active participants.

Lair Finance was developed by the Bughole team, which previously served as a top validator on the Finschia network. To ensure the highest level of security, the protocol has undergone several rigorous audits by reputable security firms, including Hashlock, Trust Security, and Omniscia. The project is also a key partner in the 'Kaia Wave' program, which integrates Web3 features into the LINE messenger to reach millions of users.