KLAYswap Project Introduction, Team, Financing and News

Performances

RD Popularity Index

3134.04% (24h)

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Project Rank: 2317/15432

RD Growth Index

567.69% (24h)

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Project Rank: 6298/15432

Comparison

Event Calendar

Feb 3, 2022

KLAYswap suffered a security incident, resulting in approximately 1830000 USD in losses.

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Details

KLAYswap is a decentralized exchange deployed on the Klaytn network, utilizing an automated market maker (AMM) mechanism. Users can instantly swap tokens through liquidity pools and deposit assets to become liquidity providers, earning transaction fees. Its governance token, KSP, is used for protocol governance, allowing holders to participate in parameter decisions. The platform integrates Orbit Bridge to enable cross-chain asset interoperability with Ethereum and other networks, enhancing liquidity depth. KLAYswap offers liquidity mining and staking features, where users can earn rewards by providing liquidity or locking KSP. Mechanically, it employs a constant product formula for pricing, with transaction fees distributed proportionally to liquidity providers and KSP stakers.

Tags:

DeFi

DEX

Ecosystem(1):

Klaytn

Founded:

2020

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