### What is Kaon?

Kaon, formerly known as Akropolis (AKRO), is a decentralised finance protocol that has evolved into a trust-minimised Bitcoin ecosystem. It aims to provide secure, scalable, and open Bitcoin staking and yield opportunities. The rebranding reflects its continued commitment to advancing crypto and decentralised finance (DeFi).

### How does Kaon work?

Kaon focuses on building a secure, programmable Bitcoin Layer 1 (L1) with Ethereum Virtual Machine (EVM) interoperability. Though specific consensus mechanisms and algorithms aren't detailed, it likely utilises a Proof of Work (PoW) or Proof of Stake (PoS) approach to maintain a trust-minimised environment. The EVM compatibility allows for the use of smart contracts, facilitating complex financial operations and interoperability with other blockchain systems.

### What are the potential use cases for Kaon?

Kaon has several potential use cases spanning various financial and technological applications: 
- Decentralised finance (DeFi) applications.
- Asset management and creation of pension funds.
- Lending and borrowing, including stablecoin lending.
- Cross-chain Bitcoin liquidity pools and memecoin infrastructure.
These use cases benefit industries such as blockchain, cryptocurrency, and broader financial services. Notably, Kaon collaborates with projects like Polkadot, Bancor, Maker, and Chainlink to extend its ecosystem.

### What is the history of Kaon?

Kaon was rebranded from Akropolis in December 2024. The original Akropolis project was established to push the boundaries of crypto and DeFi. Over time, it has shifted focus towards developing a secure Bitcoin L1 platform with EVM integration. This transition signifies an evolution from a primarily DeFi-focused initiative to a more comprehensive trust-minimised Bitcoin ecosystem, aiming for broader market adoption and innovative solutions.

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