what's kodiak finance?
Kodiak Finance is Berachain's native liquidity platform, designed to facilitate seamless launching, trading, and liquidity provision for assets on the Berachain network. Built as a decentralized exchange (DEX), it introduces concentrated liquidity mechanisms and automated liquidity management, allowing users to optimize capital efficiency and minimize impermanent loss. Incubated by BuildaBera, Kodiak integrates with Berachain's Proof-of-Liquidity consensus to reward liquidity providers through governance incentives and ecosystem participation. The platform features advanced tools such as the kX swap aggregator, which routes trades across multiple liquidity sources for better execution, and supports perpetual futures (perps) with up to 100x leverage via integrations like Orderly Network. Additional functionalities include time-weighted average price (TWAP) orders for dollar-cost averaging, limit orders for precise trading, and partnerships for options trading and cross-chain swaps. Kodiak serves as a gateway to Berachain's ecosystem, enabling users to delegate liquidity and earn BGT rewards while supporting a wide range of tokens and bridged assets. By focusing on user-friendly interfaces and institutional-grade strategies, Kodiak aims to enhance trading efficiency and liquidity depth on Berachain, fostering a robust DeFi environment without relying on external aggregators for core operations.
Kodiak Finance listed AXS perpetual futures with up to 10x leverage.
Links
x.com/kodiakfiGenerated $6.2M in volume on Orderly Network during the week ending February 18, 2026.
Reports top gainers on Kodiak Perps on February 17th, 2026, with MERL and ZORA both up approximately 8%, SNX up approximately 7%, and RAY and BERA both up approximately 6%.
Vault yields on February 16, 2026: KDK-WBTC 225%, KDK-BERA 171%, KDK-USDT0 143%. Yield rates on February 23, 2026: KDK-WBTC 345% APY, KDK-BERA 351% APY, KDK-USDT0 176% APY, KDK staking 19% APY.
Launched perpetuals trading Valentine's competition from 2026-02-01 to 2026-03-15 with $50,000 in prizes, S2 Points, and over $10K remaining in Foxify rewards.
Processed $241M spot trading volume in January 2026.
Added metals perpetuals markets for Gold and Silver in January 2026.
Added RWA perpetuals markets for Tesla, Nvidia, and Google in January 2026.
Reached $500M cumulative trading volume as of January 2026.
Processed $244M perpetuals trading volume in January 2026.
Reached 500+ traders in January 2026.
Listed KDK token for borrowing on Dolomite in January 2026.
Integrated with Orderly Network to offer perpetual futures trading functionality.
Released direct token transfer feature in the dApp, enabling users to send any token including Bault and LP tokens without leaving the application.
Uses Charm as the automated LP management solution powering multiple pools on Berachain.
Listed AXS perpetual futures with up to 10x leverage.
Launched KDK staking program in January 2026, providing perps trading fee discounts up to 75% at Diamond tier.
KDK-USDT0 liquidity pool yields approximately 259% APY as of December 26, 2025.
KDK-WBTC liquidity pool yields approximately 145% APY as of December 26, 2025.
KDK-BERA liquidity pool yields approximately 800% APY as of December 26, 2025.
Whitelisted on OpenOcean DEX aggregator.
Listed on Gate launchpad with 3,000,000 KDK tokens allocated for distribution.
Generated $500k total fees in January 2026, previously generating $250k-$400k monthly.
Locks investor, team, BaB, and advisor tokens via xKDK with a 6-month unlocking period for 1:1 conversion, with early unstaking subject to slashing penalties that redirect to other stakers.
Conducted public token sale at $35 million fully diluted valuation with $5 million initial circulating market cap.
Runs a social media campaign on Gate platform offering 2,000 KDK tokens as rewards for posts about the project, with distribution scheduled to conclude on December 31, 2025 at 00:00 UTC+8.
Controls 90%+ of spot and perpetuals DEX market share on Berachain.
Airdropped tokens are semi-locked with penalties for early unlock.
ICO scheduled from December 19th to December 21st, 2025
TGE for native token $KDK scheduled for December 23, 2025.
Crossed $34,000 in fees during January 2026.
The Orderly Network $150K UCC competition concludes with $300M trading volume on Kodiak out of $900M total across all exchanges, and Kodiak traders claim $36.5K in prizes representing half of the total leaderboard.
Kodiak Points program is live during the tokenless phase for accumulation; $69k December trading competition is active with approximately $800k volume required for top 10 placement.
Kodiak traders now hold 10 of the top 20 positions in the Orderly Network $150k UCC competition with 2 days remaining.
Yield generation resumes on BYUSD iVault after the migration to Kodiak Finance platform is complete.
Partnered with Foxify to offer double cashout boosted rewards in January 2026, with Foxify offering over $80,000 in trading rewards. BYUSD iVault migrates from BEX.
The Orderly Network $150k UCC competition ends in 3 days, with traders needing $500k total volume to qualify for both this competition and the ongoing second week of the $69k XMAS competition offering prizes and Kodiak points.
Stable yield pools as of December 9th report USDC.E-HONEY at ~19% APY, SUSDE-HONEY at ~13%, and USDE-HONEY at ~13%.
Kodiak traders occupy 4 of the top 10 positions in the ongoing Orderly Network UCC competition, and the platform's $69k XMAS competition remains active alongside it with eligibility for all Orderly UCC participants.
Perpetuals trading volume surpasses $600M in lifetime volume, up from the $500M milestone reached on November 30th.
Governance voting concludes December 3, 2025 at 23:00 UTC on three proposals: DIP-01 for instant oDOLO exits on platform, DIP-02 for updated oDOLO emissions across chains, and DIP-03 for borrow-fee rebates for veDOLO holders.
Stable yield pools show APYs of 28% for USDC.E-HONEY, 15% for SUSDE-HONEY, and 13% for USDE-HONEY as of December 2nd, 2025.
A new trading competition begins with Kodiak points for traders. The Orderly Network $150K UCC competition remains active until December 13, 2025.
Perpetuals trading volume reaches $500M total milestone with 5 hours remaining in the Black Friday competition.
Trading competition volume increases to $80M from previous $63M, with trader count rising to 225 and top 5 PnL at $155k, as less than 1 day remains in the event.
$SMILEE token goes live for trading on Kodiak.
Trading competition volume increases to $63M from $50M with participant count rising to 200 traders, as the competition enters its final 2 days.
$SAIL.r, the first token from Liquid Royalty, goes live with seeded liquidity for trading.
DIP-01 proposal introduces instant exit mechanism for oDOLO holders to swap oDOLO to DOLO at market rates using Dolomite-seeded liquidity.
$MON (Monad) trading goes live on Kodiak Perps.
The ongoing trading competition generates $50M in volume with 140 participants, while the top trader achieves $52K in PnL and $12M in trading volume.
TVL jumps 62% in a single day to reach $154M, marking the strongest single-day increase among protocols.
Partnership with EnsoBuild launches, providing direct on-ramp functionality to Kodiak Perps from Binance, Coinbase, Bybit, and Kraken.
The platform's perpetuals trading volume reaches $400M lifetime milestone.
New reward vault request submitted for BERO-BERA pair using xFATBERA incentive token.
Traders become eligible for the Orderly Network UCC trading competition, adding $50k in prizes to the existing Black Friday competition for a combined $200k total prize pool through early December.
A two-week trading competition runs through November 30 with $50k in total prizes, and all participants earn Kodiak Points.
The Nov 1-15 trading competition concluded with 185 traders generating $118m+ in volume, with rewards distributing in 24-48 hours and a new competition starting immediately.
Perpetuals platform reaches $300M in total volume following the introduction of Kodiak points.
Partnership with Foxify Trade introduces funded prop accounts to the perpetuals platform, with $FOX token integration and $10k funded accounts for new traders launching in the next few weeks.
The platform surpassed $5B in lifetime swap volume.
A reward vault request is submitted for a USDC.e/HONEY staking pair with USDC.e and HONEY as incentive tokens.
The "Run It Back" challenge offers $50k in prizes from Nov 1-15, introducing a KDK Points rewards system proportional to fees paid.
$100k rewards from the October 1-31 Halloween competition are distributed, with top affiliate achieving $25M in referred volume, and a new rewards season begins.
Perpetuals trading is now available on Teal Street trading terminal.
Perpetuals trading fees are significantly lowered for all users after reaching the $100M volume threshold.
Perpetuals platform reaches $100m in total volume milestone. 350 traders participate in the Halloween trading competition with 4 days remaining.
Partnership with Orderly One powers the perpetuals DEX, which has generated $36K in fees over approximately 2 weeks.
Integration with Infrared enables access to perpetuals trading through their Swap page on Berachain.
BGT Foundation approves two new Smilee Finance vaults on the platform and adds USDe from Ethena Labs as HONEY collateral in latest RFRV batch.
Integration with Relay Protocol enables instant USDC bridging from any chain to trade on perpetuals, combining bridge, swap, and deposit in one flow.
SPX500 and NAS100 perpetuals go live with 20x leverage and 24/7 trading. A $100K Halloween trading competition is now active.
TWAP (DCA) and Limit Orders go live on the platform, enabled through a partnership with Orbs Network.
Kodiak processes record high volumes during a major market liquidation event while providing better on-chain prices than the vast majority of centralized exchanges.
$ORDER makes a major ecosystem investment by buying and staking 250K $ORDER tokens in the platform, while Gold Tier status is achieved on Orderly.
Kodiak Perps officially launches with a $100k trading competition prize pool to incentivize early users.
BGT Foundation Guardians deliver decisions approving the reserve vault to fund user incentives for the perps launch. Brownfiamm partnership introduces BERA/HONEY liquidity on the oracle-driven CLMM.
Achieves #2 or #3 position in weekly trading volume on the Orderly One DEX Board as a newcomer.
Integration with vfat.io goes live, providing users with aggregated yield opportunities display, in-depth pool analytics, and comprehensive position management tools for the platform.
Reward Vault Request submitted for incentive program using BERA, HONEY, and USDC tokens to fuel Kodiak Perps (perpetuals trading product) launching imminently with beta testing currently available.
MixBytes completes security audit of leveraged trading features; permissionless launch imminent.
Kyber Swap integration adds new DEX aggregator to kX platform.
$WBNB now available for trading with Wormhole integration powering cross-chain functionality.
Platform surpasses $4B in cumulative swap volume.
Miner Fun launches on Berachain with automatic liquidity provision to AMM upon selling 400 facilities (28 BERA per game, 14 BERA per facility).
New integration with HoudiniSwap enables private cross-chain transactions and swaps.
New integration with Squid Router bridge enables cross-chain token swaps and transfers.
New kX swap aggregator launches with expanded routing beyond internal liquidity pools
Gaming project @miner_fun2025 integrates platform as exclusive DEX for $BERA token pairs and liquidity.
New vaults approved by BGT Foundation, introducing validator-backed DAO and Solana-native liquidity features.
BakerDAO proposes acquisition of Stride's stBGT with profit-sharing arrangement, enabling Stride to focus on Cosmos ecosystem.
Platform reaches $3.5B in lifetime swap volume milestone.
New SOL-HONEY vault launches with triple-token rewards including BERA, SOL, and HONEY.
SOL trading now available via Wormhole integration, marking first non-bera major token addition.
Auto-compounding Baults deployment enables yields up to 121% APY across six major trading pairs.
New WBERA/iBGT vault offers triple-digit APY with 1.75x points multiplier.
New protocol Stream deploys to ecosystem, partnering with multiple protocols for expanded functionality.
Total swap volume surpasses $3B lifetime milestone.
New synthetic RWA trading and LP opportunities launched with TwinFinance, featuring 24/7 trading of $AAPL and $MSTR on Berachain.
Platform update allows users to compare and select BGT liquid wrapper premiums before minting, optimizing potential returns.
STG token becomes first non-native Bera token listing with more tokens planned to follow.