Kairos is an on-chain interest-rate-swap protocol. Borrowers and lenders use it to lock in fixed rates against variable underlying yields, hedge their interest-rate exposure, or take leveraged directional positions on where rates are headed — with a perps-style trading UX rather than the principal/yield-token split that Pendle uses.
The architecture is oracle-agnostic, so any rate feed — Aave borrow rates, Morpho vault yields, Lido staking, RWA benchmarks — can be turned into a tradeable market. Positions are issued as ERC-721 NFTs and are composable with lending markets and other DeFi venues that integrate them. Capital efficiency goes as high as 5,000x notional through the protocol’s leverage design.
Kairos has been audited by GuardianOctane and is backed by Alliance, 6th Man Ventures, and Lattice Fund. The protocol launched on Ethereum mainnet with a Base beta deployment.