Today marks an important event for Kyber Network with the launch of its new token economics (i.e. Katalyst Upgrade) and KyberDAO, which places protocol governance in the hands of the community. Prior to Katalyst, protocol trading fees were charged in KNC with the proceeds burned to reduce circulating supply. Now under Katalyst’s current parameters, 65% will go to staking rewards and 30% as a rebate to one type of their liquidity reserves, with only 5% now being used to burn KNC. This breakdown was determined by a pre-DAO poll.