KIP-6: KNC Migration Proposal
The Kyber team is proposing a KNC migration to make the Kyber Network Crystal (KNC) token more dynamic and flexible with the capacity to undergo upgrades more efficiently. This new KNC token contract gives greater control to the KyberDAO, enabling it to upgrade the token and mint or burn tokens as necessary to better support innovation and growth, bootstrap liquidity, and enable Kyber to adapt quickly within the fast-changing DeFi landscape.
Vote here: https://kyber.org/proposal/23
Read the KIP gist: KIPs/kip-6.md at master · KyberNetwork/KIPs · GitHub
Past forum discussions: KNC Token Migration & Upgrade Discussion