Kronos DAO is the first decentralized reserve currency protocol available on the Klaytn chain based on the KRNO token. Each KRNO token is backed by a basket of assets (e.g., KDAI, KRNO-KDAI LP Tokens, and etc.) in the Kronos DAO treasury, giving it an intrinsic value that it cannot fall below. Kronos DAO also introduces economic and game-theoretic dynamics into the market through staking and minting. Kronos DAO is a fork of Olympus on the Klaytn chain.

There are two main strategies for market participants: staking and minting. Stakers stake their KRNO tokens in return for more KRNO tokens, while minters provide LP tokens or KDAI tokens in exchange for discounted KRNO tokens after a fixed vesting period.