KAON Proposal #2: Community Takeover and Development Roadmap

Governance Proposals
1

KAON Proposal #2: Community Takeover and Focused Development Path

Proposal ID: KIP-002
Date: April 8, 2025

Executive Summary

Due to significant market changes and decreased liquidity, continuing as a Bitcoin Layer 1 solution is no longer viable for KAON. This proposal outlines a realistic pivot to transition KAON to community governance while developing a focused BTCfi aggregator platform with basic AI capabilities.

We will focus on developing a minimal viable product with few BTCfi integrations and a clear community handover milestone. This approach enables us to effectively utilize our current financial and developer resources, ensuring sustainable development for KAON token holders. Each stage will deliver concrete, measurable outcomes that strengthen community trust and build a solid foundation for future growth.

1. Core Objectives

Focused BTCfi Aggregator Development

  • Build a lightweight aggregator integrating 1 BTCfi project initially.
  • Focus on basic portfolio tracking and simple yield comparison features.
  • Implement a sustainable revenue model with minimal operational costs.
  • Create a simple discount system for KAON holders.

Community-Driven Governance

  • Transition to community control under Exoldy’s leadership with our publicly identified dev team.
  • Establish transparent decision-making processes with achievable milestones.
  • Set clear handover KPIs for the development team.

2. Technical Approach

Core Components

Basic Aggregator

  • Unified interface for BTCfi projects:
    We’ll start strong with Lombard (liquid Bitcoin staking with LBTC) and Babylon (Bitcoin staking for PoS networks) to bring staking options right out of the gate.
    Then, we’ll follow up with Liquidium (P2P lending using Ordinal Inscriptions as collateral) and Stacks (a Layer-2 blockchain for Bitcoin smart contracts and dApps) to expand the lineup.

  • Data collection: We’ll pull in insights from Apostro projects to boost security and risk management across the platform.

  • Lightweight portfolio tracking: Users will get a clear, simple dashboard to track their assets across Lombard, Babylon, and soon Liquidium and Stacks.

  • Basic yield comparison tools: We’ll offer an easy way to compare yields from all connected projects, starting with staking returns from Lombard and Babylon.

Smart Contract Layer

  • Limited integrations focused on core functionality.
  • Simple staking mechanism for KAON token holders.

AI Components (Phase 2)

  • Сhatbot for user support.
  • Collect knowledge base information.
  • Simple yield comparison recommendations.

3. Development Phases

Phase 0: Community Handover

  • Begin and complete community governance transition.
  • Finalize documentation and training for community developers.
  • Transfer access and admin rights to community members.
  • Transfer treasury access and control to community technical leader - Exoldy.
  • Handover domain ownership, DNS management, and hosting credentials.
  • Transfer all technical infrastructure access including:
    • GitHub repositories and organization access
    • Deployment environments and server access
    • API keys and third-party service credentials
    • Development and testing environments
  • Establish ongoing support plan with clear responsibilities.
  • Document all handover processes with verification steps.

Phase 1: Foundation (Months 1-3)

  • Launch aggregator with 2 BTCfi project integrations.
  • Implement basic portfolio tracking.
  • Deploy KAON staking contract.
  • Release detailed development documentation.

Phase 2: Enhancement (Months 4-6)

  • Add one additional BTCfi project integration.
  • Introduce basic AI chatbot and configurable AI agents.
  • Implement simple analytics dashboard.

4. Product Features

Free Version

  • Basic aggregator access (portfolio tracking).
  • Yield comparison across integrated projects.
  • Standard support via documentation.

Premium Version ($12/month or KAON staking)

  • Enhanced portfolio analytics.
  • Basic AI chatbot and AI agents.
  • Priority feature requests.

5. Community Governance Structure

Leadership

Core Development Team (publicly identified)

  • Technical Lead: Sergey Romanov. (GitHub: @exoldy , Tg : @exoldy)
  • Frontend Dev: Alex Tretyakov. (GitHub: @adm72)
  • Backend/AI Dev: Andry Shevelev. (GitHub: @Smesharik488)
  • Product Manager: Kir Bryokhov. (GitHub: @Kir881)
  • Community Manager: Recruiting In Progress

Community Council (to be elected)

  • 3 Community Representatives (elected by token holders)
  • Transition to occur during Phase 2

Transparent Decision-Making

  • Weekly development updates on Telegram and X
  • GitHub repository with public roadmap and issue tracking
  • Quarterly financial and progress reports

6. Financial Framework

Revenue Approach

  • Simple 0.1%-0.5% fee on transactions through the aggregator.
  • Basic premium subscription ($12/month).
  • KAON staking rewards funded by a portion of fees.

7. Success Metrics

  • Community governance transition completed by Phase 0.
  • Integration of 3 BTCfi projects by end of Phase 2.
  • 100 monthly active users by end of Phase 2.
  • Self-sustaining revenue covering operational costs by Month 9.

8. Implementation Timeline

Month 1:

  • Complete handover to community.
  • Form development team and publish public identities.
  • Set up GitHub repository with initial documentation.
  • Begin development of core aggregator interface.

Month 3:

  • Release MVP with 2 BTCfi integrations.
  • Launch staking contract.
  • Begin community governance discussions.

Month 6:

  • Complete Phase 2 enhancements.
  • Elect initial Community Council members.

Month 9:

  • Finalize all documentation and training.
  • Establish long-term support structure.

Conclusion

This revised proposal presents a realistic path forward for KAON with clear, achievable milestones appropriate for our small development team and financial constraints. By focusing on core functionality first and establishing a transparent path to community governance with publicly identified leadership, we create a solid foundation for future growth while being honest about our current limitations.

The proposed timeline ensures a measured approach with clear accountability and a specific community handover milestone in Month 9. We encourage all KAON holders to review this focused plan and participate in the upcoming governance vote.

Note: All timelines and features are subject to adjustment based on development progress and community feedback.