Presynaptic elements of axons, in which action potentials (APs) cause release of neurotransmitter, are sites of high densities and complex interactions of proteins. We report that the presence of K v 3 channels in addition to K v 1 at glutamatergic mossy fiber boutons (MFBs) in rat hippocampal slices considerably limits the number of fast, voltage-activated potassium channels necessary to achieve basal presynaptic AP repolarization. The ϳ10-fold higher repolarization efficacy per K v 3 channel compared with presynaptic K v 1 results from a higher steady-state availability at rest, a better recruitment by the presynaptic AP as a result of faster activation kinetics, and a larger single-channel conductance. Large-conductance calcium-and voltage-activated potassium channels (BK Ca ) at MFBs give rise to a fast activating/fast inactivating and a slowly activating/sustained K ϩ current component during long depolarizations. However, BK Ca contribute to MFB-AP repolarization only after presynaptic K v 3 have been disabled. The calcium chelators EGTA and BAPTA are equally effective in preventing BK Ca activation, suggesting that BK Ca are not organized in nanodomain complexes with presynaptic voltage-gated calcium channels. Thus, the functional properties of K v 3 channels at MFBs are tuned to both promote brevity of presynaptic APs limiting glutamate release and at the same time keep surface protein density of potassium channels low. Presynaptic BK Ca channels are restricted to limit additional increases of the AP half-duration in case of K v 3 hypofunction, because rapid membrane repolarization by K v 3 combined with distant calcium sources prevent BK Ca activation during basal APs.