Kairon Labs
Market maker
An Antwerp market maker for token issuers, elected by Elastos’s Cyber Republic council in 2022; figures about itself vary and reports go to clients only.
About Kairon Labs
Kairon Labs is a market maker for digital-asset issuers, founded and headquartered in Antwerp, Belgium. It works on a retainer or a loan-based model, and says it has worked with hundreds of issuers — 300 on one page, more than 500 on another.
kaironlabs.com ↗Our verdict
Elastos’s council voted to appoint it in 2022, but where borrowed client tokens are held is not public, and reports go to clients only.
How each block was graded
Mandate
Elastos’s Cyber Republic council approved Kairon Labs as ELA market maker in 2022, with 11 of its 12 members voting in favour, and both sides announced it.
| What we found | Source | Checked |
|---|---|---|
| Cyber Republic Council (Elastos) approves Kairon Labs as market maker under Proposal #80, 11 of 12 in favour (7 Jun 2022) | einpresswire.com | 2026-09-21 |
| Kairon Labs’ own account of the Elastos selection | kaironlabs.com | 2026-09-21 |
Money
No amount under management is disclosed; the firm cites “$200 billion” of trading volume facilitated. It works on a retainer or by borrowing the client’s tokens, but no public source says where those tokens are held.
| What we found | Source | Checked |
|---|---|---|
| not published | — | 2026-09-21 |
| Retainer or loan-based model, in which the market maker borrows the client’s tokens | hackernoon.com | 2026-09-21 |
Transparency
Clients receive weekly dashboards on depth, spread and slippage; we found no public reporting.
| What we found | Source | Checked |
|---|---|---|
| Weekly dashboards on order-book depth, spread and slippage, sent to founders | hackernoon.com | 2026-09-21 |
Strengths & weaknesses
What works
- ✓A DAO council voted to appoint it
- ✓Weekly liquidity dashboards for clients
Where it loses grades
- ✕No amount under management, and custody of borrowed tokens not described
- ✕Its own figures vary: founding year 2017 or 2018, 300 or 500+ clients
- ✕Reports go to clients only
A smaller token issuer that wants a market maker with weekly liquidity reporting.
A DAO that needs to know where its lent tokens are held.
The rest of the dao treasury & liquidity managers ranking
Same three blocks, same rules, same review run — this is what Kairon Labs is being compared against.
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