# KY Cash

#### KYI as an equity dividend token, it is similar to BAS. KYC (KY Cash) as a stablecoin and riveting USDC, it is similar to BAC.

There is no bond coin BAB.

The official website of KySwap opened the entrance of KYC seigniorage of KYI division (diversion to the front end of independent KY Cash).

The independent KY Cash front end contains board mints and LP pledges (channeled to KySwap).

#### KYSwap established KYC-USDC, and Kyy-USDC LP.

LP Mining incentive: Kyi-usdc: KYI, 1.5 times the average LP mining income. Kyc-usdc: KYI, 3 times the average LP mining income.

Seigniorage model: Open minting when KYC>1.05USDC. The coinage is equivalent to the Basis model. Independent KY Cash front open board, pledge KYI to board to get KYC seigniorage. 60% seigniorage shall be allotted to the board of directors. The KY Cash Treasury receives 40% seigniorage, 20% of which is exchanged for USDC and 20% for agreement operations.

Starting mechanism: The agency distributed 50,000 KYC five days before the establishment of The Kyi-USDC pool. Five days later, it was changed to KYI's earnings. After obtaining KYC, users can create kyC-USDC pools.

#### The KY Cash team gets 5% of KYI's total.
