KyberDAO stands for Kyber Decentralized Autonomous Organization. KyberDAO is a community platform that empowers KNC (Kyber Network Crystal) token holders to participate in the governance of Kyber Network and the KyberSwap trading platform. KNC holders can stake their tokens to vote on important proposals. In return, they receive rewards in KNC from part of the trading fees collected through KyberSwap trading activities. Voting is done in a fully open and transparent manner.
KNC is dynamic and can be upgraded, minted, or burned by KyberDAO to better support liquidity and growth. Holding KNC means having a stake in all the important innovation and liquidity protocols created for DeFi.