Liquidity Expansion Program for Klaytn-Native Stablecoins

Period: 2022–06–13 ~ Til all rewards are exhausted(minimum of 30 days)

Event Pool: Kokonut Swap’s KSD-USDK Pool

Rewards to be distributed: Maximum of 30% APR (in KSD)

Total Rewards: 1,500,000,000 KRW (in KSD)

Hello, community!

Kokoa Finance was selected for the Klaytn Foundation’s Native-Stablecoin Liquidity Expansion Program, offering benefits to the community! This event program aims to increase the liquidity of KSD and USDK, which are Klaytn-based native stablecoins, and the details are as follows.

A new KSD-USDK pool will be created within Kokonut Swap. During the event period(after the liquidity pool has been initialized), you could receive a reward of up to 30% APR in KSD stablecoins on the liquidity that you provided by staking the lp tokens. The total amount of rewards for this event is 1,500,000,000 KRW (in KSD) which will be distributed over 30 days minimum(but the event can last longer if the rewards are not exhausted by then, a detailed scenario of which is explained in the next paragraph).

(As a measure to prevent early exhaustion of rewards, there is a limit on rewards distributed per block. If the amount of liquidity supplied to the event pool is below 60,000,000,000 KRW, 30% APR will be maintained, whereas the APR number may fall if liquidity bigger than 60,000,000,000 KRW is bootstrapped. For example, if twice(120,000,000,000 KRW) the target is supplied, the APR will drop by half, 15%.)

Don’t miss out on this stablecoin-generated high APY opportunity without any risks on volatile assets!

Website: https://kokoa.finance

Telegram (KR): t.me/KokoaFinance

Telegram (Global) t.me/KokoaFinanceGlobal

Twitter: https://twitter.com/KokoaFinance

Medium: https://medium.com/kokoa-finance