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KaoyaSwap Review 2026: Small BNB Chain AMM DEX

KaoyaSwap is a small AMM-based decentralized exchange on BNB Chain with its own liquidity-mined KAOYA token. It suits experienced DeFi users, but it lists no audits and publishes little about its team or fees.

BNB Chain

By the DappsAtlas editorial team · Updated Nov 5, 2026

DappsAtlas score

4.8/10

Weak

Our verdict on KaoyaSwap

4.8/10

KaoyaSwap is a small BNB Chain AMM exchange with a liquidity-mined token and the usual swap, pool and staking tools. It may interest experienced DeFi users who are comfortable with small, unaudited protocols and want exposure to liquidity-mining rewards. The main caveat is transparency: no audits are listed, and the team and fees are not published. Treat it as a high-risk venue, start small, and verify contract addresses before you trade.

Score breakdown

How KaoyaSwap scores

Security: 3.5/10
Ease of use: n/a
Fees: n/a
Features: 5.0/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is KaoyaSwap?

KaoyaSwap is a decentralized exchange built on an automated market maker model and deployed on BNB Chain. It has been tracked since March 2024 and holds roughly 1.56 million USD in total value locked, which makes it a small venue. Its X profile describes it as a decentralized transaction protocol built on AMM and exchange pools, with an embedded investment platform.

Its token, KAOYA, is described as distributed 100% through liquidity mining, with no pre-sale, pre-mining or team shares. That is a notable claim, though public sources do not show how emissions are scheduled or what the token does beyond rewards.

The project does not publish audits, team details or a fee schedule in the material reviewed. Readers should weigh that against the appeal of liquidity-mining rewards.

How KaoyaSwap works

KaoyaSwap is an automated market maker. Instead of matching buyers and sellers, it holds pairs of tokens in smart-contract pools. A swap trades against a pool, and a formula sets the price based on the pool's balance.

Liquidity providers deposit both tokens of a pair and earn rewards for supplying them. On KaoyaSwap, those rewards include the KAOYA token, which is described as distributed entirely through liquidity mining. The project also describes staking and reward features.

All of this runs on BNB Chain, so users sign transactions from their own wallet and pay gas in BNB. Funds in pools sit in smart contracts, so the code is the main point of trust.

6 features

Key features

AMM token swaps

Token swaps run through AMM liquidity pools on BNB Chain rather than an order book.

Liquidity provision

Users can add liquidity to pools and remove it later, with guides for both actions.

Liquidity-mined KAOYA token

The KAOYA token is described as distributed entirely through liquidity mining, with no pre-sale, pre-mining or team shares.

Staking and rewards

Guides point to staking and token reward options alongside pools.

Embedded investment platform

The project describes an embedded investment platform built into the exchange pools.

Airdrop programs

Guides also mention airdrops, though how they are allocated is not stated.

Pros and cons

What we like

Runs on BNB Chain, where gas costs are generally low.
KAOYA is described as fully distributed through liquidity mining, with no pre-sale or team share.
Combines swaps, liquidity pools, staking and reward features in one protocol.
Has been listed since March 2024, so it has some operating history.
Non-custodial design: users trade from their own wallet.

Watch out for

No audits are listed for the protocol, so smart-contract risk is unquantified.
The team, governance and ownership are not published.
Fee levels, including swap fees and the split paid to liquidity providers, are not published.
TVL of roughly 1.56 million USD is small, so large trades may see more price impact than on bigger BNB Chain DEXs.
The KAOYA token is earned through liquidity mining, which exposes holders to price swings and to impermanent loss on pooled assets.
Pooled and staked funds sit in smart contracts that users must trust.

KaoyaSwap fees

KaoyaSwap does not publish a fee schedule. The swap fee, the share paid to liquidity providers and any fee on staking or reward claims are not stated.

Users would normally see the fee and expected price impact in the swap interface before signing a transaction. Every action also costs BNB Chain gas, paid in BNB.

Is KaoyaSwap safe?

No audits are listed for KaoyaSwap, and the team, ownership and admin-key controls are not published. Smart-contract bugs, rug-pull style risks and poor liquidity are real concerns for small DEXs of this kind.

As a non-custodial DEX, funds stay in your wallet until you trade or deposit, but pooled assets are held by contracts. Be careful with token approvals, verify the KAOYA contract address, and only commit money you can afford to lose. No incidents are recorded in the material reviewed. Regulatory status is not stated, so check the rules where you live.

6 steps

How to get started with KaoyaSwap

1
Install a wallet that supports BNB Chain and add a small amount of BNB for gas.
2
Confirm the official KaoyaSwap site through the project's verified social account rather than a search ad.
3
Connect the wallet and check the token contract address of KAOYA before swapping.
4
Start with a small test swap and review the quoted fee and price impact.
5
If adding liquidity, read how impermanent loss works and start with a small amount.
6
Revoke unneeded token approvals after you finish.

Who KaoyaSwap is for

KaoyaSwap suits experienced DeFi users on BNB Chain who understand AMM pools, impermanent loss and token approvals, and who accept the added risk of a small protocol with no listed audits. It is a poor fit for beginners or anyone who needs deep liquidity for large trades.

KaoyaSwap FAQs

What is KaoyaSwap?

KaoyaSwap is an automated market maker (AMM) decentralized exchange deployed on BNB Chain. It lets users swap tokens and add liquidity to pools. It also describes an embedded investment platform.

What is the KAOYA token?

KAOYA is the token of the KaoyaSwap platform. Search snippets describe it as distributed 100% through liquidity mining, with no pre-sale, pre-mining or team allocation. The details of emissions and utility are not set out.

Which blockchain does KaoyaSwap use?

KaoyaSwap runs on BNB Chain, so you need a wallet that supports that network and a small amount of BNB to pay gas fees.

Has KaoyaSwap been audited?

No audits are listed for KaoyaSwap in the tracking data reviewed. That does not mean the contracts are unsafe, but it means there is no public third-party review to rely on. Treat any deposit as high risk and size it accordingly.

Can I earn rewards on KaoyaSwap?

The protocol appears to offer guides on adding and removing liquidity, staking, earning token rewards and airdrops. Rewards are paid in KAOYA, whose value can change quickly, and providing liquidity carries impermanent loss risk.

What are the fees on KaoyaSwap?

Fee details are not published. Check the swap interface before confirming any transaction, and remember that BNB Chain gas fees apply on top.

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