Kona is an experimental DeFi protocol developed by the KittyPunch team on Abstract Chain, extending their prior work on projects like FVIX on Flow EVM. Within the ecosystem, $KONA functions as a protocol coordination token, created when community members lock the KittyPunch $FROTH memecoin. Its role is to support governance, protocol alignment, and participation in system-level processes. The design emphasizes real user engagement and experimental mechanics over promotional claims or implied returns.
Kona’s protocol incorporates mechanisms where portions of $KONA may be periodically removed from circulation through fee-driven buybacks and burns. $KONA is also required to take part in governance around the allocation of Kona Points, which are distributed across protocol pools. Kona Points can be exchanged for Kona Crate NFTs that include elements from the Abstract ecosystem. These flows highlight Kona as a community-driven DeFi experiment on Abstract Chain, reflecting collective identity and innovative protocol design by $FROTH holders
