**Context & Proposal**

1. Summary

We are seeking the Governance Council's approval to utilize Kaia Ecosystem Fund, for making payments within the short term. These payments aim to support service development and enhance infrastructure in line with the fund's objectives.

The precise expenditures of KAIA will be transparently disclosed via Square website. Kaia Foundation will facilitate voting on the items, enabling the Governance Council to express opinions and preferences.

2. Payment Details

Project Name: Building Kaia’s DeFi Foundations
Classification: Grant (Service/Infra), Liquidity Provision
Recipient: To be determined
KAIA Amount: 20,000,000 KAIA
Description: Kaia DLT Foundation proposes allocating 20,000,000 KAIA to build the missing DeFi Money Legos—lending/borrowing markets, yield protocols, and liquidity layers—on top of the recently launched $77M native USDT. The goal is to establish Kaia as Asia’s DeFi settlement hub, laying the foundation for future mass adoption. Expected outcomes include: launch of flagship lending and yield protocols, growth of Kaia DeFi TVL to $100M+ in Q4, and a stronger foundation for Stablecoin Orchestration across Asia.

Building Kaia’s DeFi Foundations : NO.33/GP-18

KaiaCity Token enables participation in BUGHOLE Validator's Governance Council voting within the Kaia ecosystem. Token holders can vote on validator governance decisions to support the development and direction of the Kaia blockchain network.

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