Kodo Exchange Designed to be the core of Taiko's liquidity,

what is kodo exchange
Kodo exchange is a ve(3,3) Decentralized exchange available on taikos network similar to the like of aerodrome and velodrome for their respective networks as a ve(3,3) DEX, users can lock their KODO for veKODO, which grants them governance power, trading fee rewards, and weekly rebases that increase their locked balance over time. This system encourages long-term participation while ensuring that those who commit to the platform have a direct influence on where incentives go.

Liquidity providers can add funds to liquidity pools, stake their LP tokens, and earn KODO emissions. But instead of emissions being distributed inefficiently, veKODO holders vote on which pools receive KODO rewards, ensuring that incentives flow to the most valuable and active liquidity pools. Additionally, protocols looking to attract liquidity can offer bribes, rewarding veKODO holders for directing emissions to their pools.

There's also the rebase mechanism, which adjusts the veKODO supply weekly based on how much KODO is locked. The more KODO that is locked, the greater the rebase rewards for veKODO holders. This system helps make emissions more sustainable over time, as higher locking rates reduce circulating supply and strengthen veKODO incentives.

Kodo also runs on a weekly epoch system, meaning emissions and rewards update on a set schedule (every Thursday). This cycle ensures that liquidity incentives, trading fees, and governance votes align efficiently, creating a self-reinforcing flywheel where liquidity, emissions, and governance interact dynamically to drive platform growth.

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blah blah blah if this was too much to read just check out kodo exchanges reddit / exchange website