Krios Insurance Fund (KIF)
Krios Insurance Fund
The Krios Insurance Fund, abbreviated as KIF, is a separate wallet in Krios's system. The Reflection Rewards are backed by an algorithm that is supported by a portion of the buy and sell trading fees that accumulate in the KIF wallet.
In layman's terms, the KIF parameter backs the reflection rewards (auto staking rebase rewards) that are distributed every 12 minutes at a rate of 0.02 percent, ensuring a high and stable interest rate for $KRI token holders.
The Krios Insurance Fund holds 5% of all trading fees, which helps to sustain and back the auto staking reflection rewards provided by the KRP.
- Ensure the Krios Protocol's long-term viability and future expansion
- Avoiding flash crash through price stability
- Greatly reducing downside risk