Add K-BIT

[devKBit]

NOTE

Please enable "Allow edits by maintainers" while putting up the PR.

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• If you would like to add a volume adapter please submit the PR here.
• If you would like to add a liquidations adapter, please refer to this readme document for details.

1. Once your adapter has been merged, it takes time to show on the UI. If more than 24 hours have passed, please let us know in Discord.
2. Sorry, We no longer accept fetch adapter for new projects, we prefer the tvl to computed from blockchain data, if you have trouble with creating a the adapter, please hop onto our discord, we are happy to assist you.
3. Please fill the form below only if the PR is for listing a new protocol else it can be ignored/replaced with reason/details about the PR
4. For updating listing info It is a different repo, you can find your listing in this file: https://github.com/DefiLlama/defillama-server/blob/master/defi/src/protocols/data2.ts, you can edit it there and put up a PR
5. Do not edit/push package-lock.json file as part of your changes, we use lockfileVersion 2, and most use v1 and using that messes up our CI
6. No need to go to our discord and announce that you've created a PR, we monitor all PRs and will review it asap

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Name (to be shown on DefiLlama):

K-BIT

Twitter Link:

https://x.com/kbit_xyz

List of audit links if any:

https://www.halborn.com/audits/k-bit/perpdex
https://hacken.io/audits/k-bit/sca-k-bit-k-bit-contracts-jan2025/

Website Link:

https://app.k-bit.xyz

Logo (High resolution, will be shown with rounded borders):

Current TVL:

$66,885.85

Treasury Addresses (if the protocol has treasury)

Chain:

Kaia mainnet (0x2019)

Coingecko ID (so your TVL can appear on Coingecko, leave empty if not listed): (https://api.coingecko.com/api/v3/coins/list)

Coinmarketcap ID (so your TVL can appear on Coinmarketcap, leave empty if not listed): (https://api.coinmarketcap.com/data-api/v3/map/all?listing_status=active,inactive,untracked&start=1&limit=10000)

Short Description (to be shown on DefiLlama):

K-BIT is the first PerpDEX on Kaia, and aims to be the no.1 PerpDEX in the world.

Token address and ticker if any:

Category (full list at https://defillama.com/categories) *Please choose only one:

Derivatives

Oracle Provider(s): Specify the oracle(s) used (e.g., Chainlink, Band, API3, TWAP, etc.):

1. Orakl network (https://orakl.network/)
2. Pyth

Implementation Details: Briefly describe how the oracle is integrated into your project:

K-BIT primarily utilizes the Orakl Network, with Pyth integrated as a backup solution. K-BIT fetches price data feeds from off-chain oracle sources and verifies them on-chain.

Documentation/Proof: Provide links to documentation or any other resources that verify the oracle's usage:

Please refer to the audit report for detailed information.

forkedFrom (Does your project originate from another project):

methodology (what is being counted as tvl, how is tvl being calculated):

Our vault contract adheres to the standard ERC-4626 specification. The total value locked (TVL) is calculated based on the assets deposited into the vault contract.

Github org/user (Optional, if your code is open source, we can track activity):

[llamabutler]

The adapter at projects/k-bit exports TVL:

klaytn                    66.89 k

total                    66.89 k