RAI Finance to Provide Liquidity and Airdrop to KLAYswap
RAI Finance, a cross-chain asset exchange protocol, will provide liquidity to KLAYswap from 18:00P.M.(UTC+9) on June 11th and hold an airdrop event to celebrate.
RAI Finance has decided to provide liquidity to KLAYswap, which offers asset pairing and yield farming previously unlinked in a decentralized ecosystem by using Ozys’ Orbit Bridge, a transparent IBC bridge that ensures high liquidity. Currently, the total value of the liquidity of KLAYswap and the deposits sums up to approximately $1 billion.
Users can receive transaction fees in RAI and KLAY by swapping KLAY and RAI to KLAYswap, a Klaytn-based DeFi protocol, depositing them in a liquidity pool, and then receive additional KSP rewards through governance voting. The airdrop will last for about two months, and a total of 600,000 RAI tokens will be airdropped.
*The KSP token is the governance token of the KLAYswap platform
- Airdrop amount: 10,000 RAI/day (600,000 RAI in total)
- Airdrop target: Anyone who has provided liquidity to the KLAY-RAI pool
- Airdrop period: Two months starting from June 14th, 2021
- KRAI Contract: 0xb40178be0fcf89d0051682e5512a8bab56b9ec3e
If you are curious about KLAYswap or want to know how to use it, please refer to the post below:
How to provide cross-chain asset liquidity to KLAYswap https://link.medium.com/xmEAGAadMgb
KLAYswap is a Klaytn-based DeFi service developed by Ozys, a company specializing in blockchain development. KLAYswap is a decentralized exchange that operates Ethereum-based DeFi decentralized exchanges such as Uniswap and Balancer in the Klaytn version. All operations are entirely based on smart contracts, and there is no central operating entity. Similarly, the liquidity of KLAYswap is handled by ‘liquidity providers’. Anyone can participate as a liquidity provider and earn commissions from the liquidity pool.
About RAI Finance
RAI Finance supports the issuance and trading of tokenized assets, NFTs, and various decentralized assets. It is a project that aims to secure cross-chain compatibility, high scalability, and low fees through integration into the Polkadot network. RAI Finance’s main partners include League of Traders, Wizpace, the founders of DEXEOS, and STP Network, a smart contract asset tokenization platform.