Pika Share

The Pika Share(PKS) token is primarily a utility token designed to facilitate and incentivize the decentralized governance of the protocol. As such, holders of PKS tokens accrue voting rights proportional to their holdings. The following could be examples which PKS holders have the opportunity to propose and decide on:

• The new perpetual market to launch.

• Trading parameters of a perpetual market such as trading fees, liquidation threshold and funding fee adjustment threshold.

PKS token also functions as the last resort to the protocol. It can be minted by governance to backstop the system in the extremely rare case when the insurance fund of Pika Exchange is exhausted.