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From 2026-01-01 the protocol retains 40% of that revenue (10% to the treasury and 30% deployed as Kodiak-owned liquidity); the remaining 60% funds a $KDK buyback.","HoldersRevenue":"From 2026-01-01, 60% of the protocol revenue is used to buy $KDK on the open market (the Kodiak Reserve). Zero before 2026-01-01.","SupplySideRevenue":"~83.33% of swap fees paid to liquidity providers."},"misrepresentedTokens":false,"doublecounted":false,"tvlCodePath":"https://github.com/DefiLlama/DefiLlama-Adapters/blob/main/registries/uniswapV2.js","defillamaId":"5743","displayName":"Kodiak V2","methodologyURL":"https://github.com/DefiLlama/dimension-adapters/blob/master/fees/kodiak-v2.ts","forkedFrom":null,"github":null,"governanceID":null,"treasury":null,"previousNames":null,"hallmarks":null,"defaultChartView":null,"breakdownMethodology":{"Fees":{"Swap Fees":"Swap fees paid by traders (pool fee tier times the amount swapped)."},"SupplySideRevenue":{"Swap Fees To LPs":"~83.33% of swap fees distributed to liquidity providers."},"Revenue":{"Swap Fees Collected As Revenue":"The ~16.67% of swap fees kept by the protocol."},"ProtocolRevenue":{"Swap Fees To Protocol":"Full ~16.67% of swap fees kept by the protocol (before 2026-01-01).","Swap Fees To Protocol-Owned Liquidity":"From 2026-01-01, 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