Notice for May Klaytn Pilot POC Event

Hello Kokoans!

Klaytn Foundation’s May Proof-Of-Contribution (POC) program has been announced. In this POC program, the reward structure has been modified so that the reward is proportional to the total amount of TVL, not the increased amount. Kokoafarm Labs will be giving out all the rewards provided by the Klaytn Foundation to the community!

May POC Rewards will be distributed via the KLAY Borrow Vault. When KSD is issued in the KLAY Borrow Vault during the POC event period, KLAY rewards are provided in a yield-farming manner in proportion to the amount issued. This is done in the same way as receiving KOKOA rewards when issuing KSD, so if you issue KSD in the relevant vault during the period, you will receive two types of rewards simultaneously: KLAY and KOKOA.

In order to receive additional rewards through the POC program, you need to ‘Register’ yourself through a separate banner on the loan page is required. After registration is completed, rewards will be paid in proportion to the size of KLAY Vault’s KSD debt. The timing of KSD issuance is not taken into account when calculating rewards, so you may issue it before the event starts. However, since rewards are allocated after registration, we recommend that you register in advance before the event if possible.

Event Period: 2022–05–23 ~ 2022–06–05 (14days)

Participation: POC Program “Register” followed by KSD minting in KLAY borrow vaults

Reward Size: 98,000 KLAY

Please take a minute or two to claim your rewards.

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