--- type: entity entity_type: protocol name: Kyros domain: internet-finance status: active tracked_by: rio created: 2026-03-25 --- # Kyros ## Overview Kyros is a liquid restaking protocol on Solana, built on Jito (Re)staking infrastructure. Users deposit SOL or JitoSOL and receive liquid restaking tokens (kySOL, kyJTO) that combine staking rewards, MEV rewards, and additional restaking rewards from Node Consensus Networks (NCNs). KyrosDAO LLC is structured as a DAO with futarchy governance via MetaDAO. Mint authority is fully delegated to MetaDAO futarchy — tokens can be re-created under governance if needed, which enabled the burn of unclaimed airdrop tokens without permanent supply loss risk. ## Key Details - **Token:** KYROS (original 50M supply, reduced to ~45.58M after airdrop burn) - **Products:** kySOL (liquid restaking for SOL), kyJTO (liquid restaking for JTO) - **TVL:** ~$36.3M (84% kySOL, 16% kyJTO) - **Holders:** ~15,000 combined (kySOL + kyJTO) - **Launch:** No private investors — fair launch, DEX-focused distribution - **Airdrop:** 25% of supply (12.5M) distributed October 2025; 38.25% unclaimed and burned January 2026 - **Website:** kyros.fi ## Futarchy Governance - Mint authority delegated to MetaDAO futarchy - Known decision: [[kyros-burn-unclaimed-airdrop]] — burned 4.42M unclaimed KYROS (passed January 2026) ## Timeline - **2025-09-30** — Airdrop snapshot - **2025-10-09** — KYROS token listing - **2026-01-13** — [[kyros-burn-unclaimed-airdrop]] passed: burn 4.42M unclaimed tokens ## Relationship to KB - [[jito]] — built on Jito restaking infrastructure - [[metadao]] — futarchy governance provider - [[futarchy-daos-require-mintable-governance-tokens-because-fixed-supply-treasuries-exhaust-without-issuance-authority-forcing-disruptive-token-architecture-migrations]] — mint authority delegation enables reversible burns