Kokoa Partners with WeMade [KR]

John
Kokoa Finance
Published in
1 min readJun 6, 2022

Kokoa Finance is announcing a strategic partnership with WeMade.

WeMade is an all-around game company mainly focusing on online/mobile game development and publishing, also widely known for its popular P2E game “Mir 4.” WEMIX, a global blockchain platform launched by WeMade, is expanding its ecosystem through various services such as wallets, decentralized exchanges, and NFT marketplaces. Particularly, the leverage yield farming protocol Kleva has grown exponentially to establish itself as one of the biggest services in the Klaytn ecosystem.

Following this partnership, Kokoa and WeMade expect future collective growth by bridging the KSD stablecoin ecosystem with that of WEMIX. As a first step, Kokoa Finance plans to keep the ‘Max Stability Fee’ of the WEMIX collateralized loan 3%p lower than other vaults in Kokoa Finance for the next 6 months. These measures will not only improve WEMIX’s utility but also enable WEMIX users to have access to the advantages that the KSD ecosystem offers at a much lower cost. More announcements on this partnership are yet to come, so stay tuned in!

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