Introducing Klap Finance
Klap is a decentralized non-custodial liquidity market protocol where users can participate as depositors or borrowers.
Depositors can gain greater utility from idle liquidity by depositing it within Klap and gain a passive income, while borrowers can borrow both over-collateralized and one-block under-collateralized loans for their own liquidity needs.
Klap is determined to differentiate itself by leveraging Klaytn’s inherent advantages. We intend to focus on metaverse adoption, protocol interactivity, and the broader cohesion of all interactions on Klaytn. With distinct first-mover advantages as the prime liquidity market protocol on the chain, we expect Klap to take an essential role in fostering adoption and scaling in the very near future.
Read on to learn about how you can participate early to earn community rewards.
Key Features
Maximum utility for liquidity
Klap is the only Klaytn-native lending protocol that provides maximum liquidity utility to both borrowers and lenders. Users who identify with our favorite L1’s community and metaverse vision should use Klap for either stable yield and safe lending. We are committed to aligning our vision with Klaytn’s overall needs by providing essential lending services to the community.
DeFi Money Legos & Interoperability
Currently, capital on Klaytn is not maximally efficient due to a lack of essential primitives. Klap intends to provide these primitives, one product at a time.Unlocking the capital capability of billions of dollars in tokens also unlocks a similarly vast amount of rewards for all market participants.
Liquidity markets have proven themselves to be one of the essential features of an L1 with any hope of mass adoption and parity with other market-defining chains such as Ethereum or Solana. We believe that Klaytn has the potential to reach the heights set by these forerunners. With Klap, all of this and more is possible.
Modern DeFi Tokenomics
We have incorporated some of the most modern innovations in DeFi architecture and tokenomics designs into KLAP. We have spent a lot of time researching the many iterations of token launches, Pool 2, emission rates, and simulated countless times to reach more optimal numbers. Users will be able to experience Solidly-style veNFTs, Platypus Finance-esque PvP yield boosters, decentralized governance via veNFT voting on emissions and important protocol-level decisions, Geist-like penalties for mercenary capital / farm & dumpers, significant rewards and yield boosts for long-term holders and liquidity lockers.
Rewards, rewards, and more rewards
Users on Klap will be getting rewards in both the native token for the chain (KLAY) as well as the KLAP token. Starting from launch, we will have a series of liquidity mining programs in order to bring in liquidity for Klap long term. Klap has already raised a lot of KLAY, and all KLAY raised will be injected back into the ecosystem as rewards for users
Team Background
We are an experienced group of builders and researchers working with some of the greatest minds and investors in the space. Some of the developers on the team have worked at renowned DeFi/NFT protocols, while others have worked at top VCs and DeFi funds. Naturally, we have solidified a strong lineup of strategic investors and partners needed to make the protocol in line for success. We are also working closely with the Klaytn foundation in order to collaborate with the rest of the space and add value to the whole ecosystem. More details on our team background, investors, and partners will be released soon — we will not be a fully anonymous team — we are here to stay and looking to build long term value.
Why Klaytn?
In terms of vision, Klaytn’s is the most forward-thinking and innovative by far. Mass adoption of metaverse ecosystems and interoperable technology is not only inevitable, but in motion already. Beyond the vision, Klaytn also has distinct technical advantages, with fast block-times, high throughput, and gas fee delegation being essential features here. Klap intends to leverage all of these qualities to push itself and the chain beyond any limits.
We expect Klap to become Klatyn’s one-stop-shop for any liquidity market needs. As part of Klatyn’s overall mission of increasing community interactions, we are also committed to creating more synergistic interactions between Klap and the other money legos that will become fundamental to the development of this blockchain and a broader crypto ecosystem.
What’s next?
As of now, we are diligently buidling. Expect exciting things in the next few days. Klap is finalizing the details of our locked collateral and pre-mining launch.
We also recognize that community comes first and that Klap, especially as it moves toward a decentralized governance model, is the sum of its community.
That’s why we’ve designed a way to make sure Klap’s early community is rewarded.
We’ll release more information shortly, but being on our Discord and following our Twitter now will significantly increase your chances of earning KLAP. Our community managers are watching closely on meaningful discussion, product feedback, ecosystem ideas, and more over there.
Discord: https://discord.gg/klapfinance
Twitter: https://twitter.com/klapfinance
