The KUMASwap allows users to sell KUMA NFTs in exchange for KIBT using sellBond, and buy KUMA NFTs with KIBT using buyBond. The KUMASwap contract is responsible for:

  1. Ensuring KIBTokens backing by :

    • Minting KIBToken upon KUMA NFT sale

    • Burning KIBToken upon KUMA NFT sale purchase

  2. Generating fee income for the KUMADAO.

There is one KUMASwap contract per existing risk category similar to the KIBToken .

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