Kaia Foundation to end D2I grants for Kaiaswap amid community concerns

The Kaia Foundation recently announced in a Medium blog post its decision to terminate the Dragon DeFi Initiative (D2I) grant agreement and halt the use of D2I grants for the Kaiaswap team. This decision was influenced by community concerns regarding practices such as partners winning the majority of trading competition prizes through cross trading and monopolizing rewards in KLAY/MBTC farming activities. Although Kaiaswap’s activities did not breach the grant agreement, they were deemed not fully beneficial to the Kaia ecosystem. Consequently, the Foundation will freeze the remaining Liquidity Incentive Grant and redeem the Liquidity Provision Grant. Despite the discontinuation of D2I support, Kaiaswap will continue to support the growth of the Kaia ecosystem through various other initiatives.