Kodiak Finance is a Berachain DeFi liquidity platform that operates a DEX with full-range (V2) and concentrated-liquidity (V3) AMMs, plus related liquidity products. Kodiak Islands wrap V3 LP positions into ERC-20 tokens, with managed Islands charging a 10% manager fee on LP fees and permissionless Islands using fixed ranges. Panda Factory runs bonding-curve token launches with 0% buy fees and 2% sell fees before DEX graduation. kX routes swaps across Kodiak and external liquidity via an immutable router and single approval.