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Information about "KLEVA Protocol"
What exactly is the KLEVA Protocol?
The KLEVA Protocol is a DeFi system based on the Klaytn blockchain, focusing on Leveraged Yield Farming. It utilizes the liquidity layers within Decentralized Exchanges, serving as a catalyst to enhance their functionality. By collaborating with different farming platforms, it channels liquidity into both the exchanges and KLEVA itself, boosting the Total Value Locked (TVL) across the whole ecosystem.
Who founded KLEVA Protocol?
The KLEVA team is composed of three distinct entities, each bringing its own expertise to the table.
WEMIX WEMIX operates under Wemade, a KOSDAQ-listed firm in Korea. It is broadening its reach in the blockchain sector by offering services like the WEMIX blockchain platform, a cryptocurrency wallet, a decentralized exchange, and an NFT marketplace.
SOOHO SOOHO focuses on enhancing blockchain security, providing smart contract development tools that allow users to create and sustain secure blockchain environments. SOOHO has secured assets valued at over $3 billion and has identified over 170,000 vulnerabilities.
Birk O'Sully Birk O'Sully specializes in creating Web 3 protocols, taking projects from design to final product development. The team members have diverse professional backgrounds spanning crypto exchanges, blockchain platform development, and crypto funds. Their current focus is on developing and managing products across various blockchain protocols.
WEMIX WEMIX operates under Wemade, a KOSDAQ-listed firm in Korea. It is broadening its reach in the blockchain sector by offering services like the WEMIX blockchain platform, a cryptocurrency wallet, a decentralized exchange, and an NFT marketplace.
SOOHO SOOHO focuses on enhancing blockchain security, providing smart contract development tools that allow users to create and sustain secure blockchain environments. SOOHO has secured assets valued at over $3 billion and has identified over 170,000 vulnerabilities.
Birk O'Sully Birk O'Sully specializes in creating Web 3 protocols, taking projects from design to final product development. The team members have diverse professional backgrounds spanning crypto exchanges, blockchain platform development, and crypto funds. Their current focus is on developing and managing products across various blockchain protocols.
What sets KLEVA apart from other platforms?
KLEVA Protocol is a lending system that facilitates leveraged yield farming on the Klaytn Blockchain. It connects lenders with farmers, forming an ecosystem where farmers can boost their earnings while lenders can make passive profits by lending their assets.
Leveraged Yield Farming involves borrowing to increase one's position, aiming to earn higher yields—a key goal in DeFi for achieving the best annual percentage yield (APY). By adjusting leverage, users can borrow more than their collateral and potentially increase their profits.
Unlike other lending platforms that require Over-Collateralization, KLEVA allows for Under-Collateralized Loans, boosting capital efficiency and resulting in better APYs for both farmers and lenders.
In Leveraged Yield Farming, there are various strategies to profit, from straightforward asset lending to complex hedging positions and long/short pair strategies. As an investor, this means you can do much more than merely staking your cryptocurrency.
In conclusion, we drive the ecosystem's growth by leveraging existing DeFi protocols and extending the economic potential, thus offering broader opportunities for all involved.
Leveraged Yield Farming involves borrowing to increase one's position, aiming to earn higher yields—a key goal in DeFi for achieving the best annual percentage yield (APY). By adjusting leverage, users can borrow more than their collateral and potentially increase their profits.
Unlike other lending platforms that require Over-Collateralization, KLEVA allows for Under-Collateralized Loans, boosting capital efficiency and resulting in better APYs for both farmers and lenders.
In Leveraged Yield Farming, there are various strategies to profit, from straightforward asset lending to complex hedging positions and long/short pair strategies. As an investor, this means you can do much more than merely staking your cryptocurrency.
In conclusion, we drive the ecosystem's growth by leveraging existing DeFi protocols and extending the economic potential, thus offering broader opportunities for all involved.
How many KLEVA tokens are currently circulating?
KLEVA Protocol's native token, KLEVA, is produced at a rate of 1.33 tokens per block. The emission follows a sliding model, reducing by 25% each year.
The total supply of KLEVA is tied to the block rate, which is about 86,400 per day, leading to 115,200 new tokens daily. By January 2023, one year after the protocol's launch, roughly 42,048,000 tokens will have been issued.
The token allocation is as follows: 75% goes to KLEVA Protocol users, 15% to the DEV Fund, and 10% to the ECO Fund.
The 15% for the Dev Fund is directed towards protocol development and stability, ensuring a robust project. The 10% for the ECO Fund is intended for the ecosystem's growth and enhancement through strategic partnerships, airdrops, and expanding financial structures.
KLEVA tokens are designed to capture the economic advantages of the KLEVA Protocol. A portion of the Performance Fee is given to ibKLEVA Stakers, and the profits are mainly used to Buyback & Burn KLEVA Tokens. By utilizing the liquidity layers of DEXs, integrating with more exchanges allows for greater fee accumulation.
The total supply of KLEVA is tied to the block rate, which is about 86,400 per day, leading to 115,200 new tokens daily. By January 2023, one year after the protocol's launch, roughly 42,048,000 tokens will have been issued.
The token allocation is as follows: 75% goes to KLEVA Protocol users, 15% to the DEV Fund, and 10% to the ECO Fund.
The 15% for the Dev Fund is directed towards protocol development and stability, ensuring a robust project. The 10% for the ECO Fund is intended for the ecosystem's growth and enhancement through strategic partnerships, airdrops, and expanding financial structures.
KLEVA tokens are designed to capture the economic advantages of the KLEVA Protocol. A portion of the Performance Fee is given to ibKLEVA Stakers, and the profits are mainly used to Buyback & Burn KLEVA Tokens. By utilizing the liquidity layers of DEXs, integrating with more exchanges allows for greater fee accumulation.
Where can you purchase KLEVA?
The KLEVA Protocol’s native token, KLEVA, can be bought on Bittrex Global, KLAYswap, and Claimswap.
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