Pre Boost Event Announcements

Key Finance
keyfinance
Published in
2 min readSep 23, 2022

Overview

Pre Boost event is a campaign prepared for early users of Key Finance.

Using pre-acquired veNFTs by Key Finance, each event participant is provided with KLAP reward boosting.

Join the Pre Boost event and experience Key Finance’s Boost Maximize feature in advance!

How to participate

Deposit your assets in the ‘Preboost’ menu in Key Finance and earn rewards.

Depositable Assets
- DAI (Synapse, Portal)
- USDC (Synapse, Portal)
- USDT (Synapse, Portal)

There is no lock-up requirement. Deposited assets may be withdrawn anytime.

Deposited assets will be staked in KLAP Finance with recursive mining strategy available to maximize the reward for participants.

Rewards for Event Participants

Boosted KLAP Reward:

  • In the Pre Boost Contract, 1) Assets deposited by participants are deposited in the lending pool of KLAP Finance, 2) veNFTs pre-acquired by Key Finance are used and 3) boosted KLAP rewards are earned.
  • 70% of the mined KLAP tokens are distributed to the Pre Boost participants according to the percentage of shares deposited.
  • The KLAP rewards distributed to the participants adhere to the vesting policy of KLAP Finance. In other words, users can make a full claim after 6 weeks of vesting or make a claim immediately after paying a 50% penalty.
  • 30% of the mined KLAP tokens will be locked up as veNFTs to increase the boost ratio for depositors.

Event Period

Starts on : Scheduled to be started Oct. 13 at 11AM (KST)

Ends on : The date of Key Finance’s official launch

Participation amount limitations :

  • There is no limitation on the amount of deposit for each participant.
  • To maintain stable boosting rates, however, there is a limit on the total participation amount for each pool. If the total amount of participation limit is exceeded, the pool is Sold-out and will not accept additional deposits.
  • You may check the total participation limit for each pool on the Key Finance app immediately after the Pre Boost event begins.

Don’t lose your Key.
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