INTERNET CITY, DUBAI, Dec. 15, 2021 – LBank Exchange, a global digital asset trading platform, will list KlayFi (KFI) token on December 17, 2021. For all users of LBank Exchange, the KFI/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on December 17, 2021.
KLAYswap, a decentralized crypto asset finance protocol, has drawn widespread attention from the crypto world since last year. As a yield optimizer, KlayFi is here to provide the user-oriented yield farming experience to KLAYswap users. Its native KFI token will be listed on LBank Exchange at 21:00 (UTC+8) on December 17, 2021, to further expand its global reach and help it achieve its vision.
KlayFi is a yield optimizer that provides the user-oriented yield farming experience to KLAYswap users. In addition to convenient auto-farming, users can earn maximum yield returns by utilizing the governance and economy of KLAYswap.
Inspired by innovative yield farming models like PancakeBunny, Yearn Finance, Curve Finance, Convex Finance, and Synthetix, KlayFi redesigned these models and developed a progressive DeFi protocol to bring innovative yield farming in the Klaytn ecosystem. These protocols are highly recognized by communities. KlayFi specifically studied the following protocols in depth; the seamless auto-compounding user experience of PancakeBunny, proposing the optimal investment strategy for users of Yearn Finance, and mainly utilizing the governance model and token economy of DeFi pool in Convex Finance.
KlayFi proposes a sustainable model, which utilizes the governance model and token economy of KLAYswap; supports the auto-compounding feature, the core feature of Yield Optimizer; and provides an advanced incentive model that allows profit maximization for users by connecting the fundamentals of KLAYswap and KlayFi.
There are three major parts that compose the KlayFi Ecosystem: KFI Staking Pool, KLAY-KFI Vault, and KlayFi Prime / Growth Vaults. For KFI Staking Pool users, KlayFi shares its profits from the protocol including performance fees and profits from vKSP system (KLAYswap’s governance model and token economy) to them; for KLAY-KFI Vault users, they receive KFI and KSP rewards as providing liquidity to the KLAY-KFI pool; and for KlayFi Prime / Growth Vaults users, KlayFi auto-compounds the profits and distributes newly minted KFI to them in return for performance fee.
KlayFi is one of the largest DeFi services in the Klaytn ecosystem and mainly supports KLAYswap, but KlayFi Protocol aims to integrate with various DeFi services, including DEXs, Lending, and more on Klaytn to nurture the ecosystem. In doing so, KlayFi became an official partner of WEMADE, the leading P2E platform, which is well known for its blockchain project, WEMIX. WEMADE participated in the KlayStarter LaunchPad with its first DeFi service. Furthermore, KlayFi introduced the first IDO platform, ‘KlayStarter’, on Klaytn and will actively collaborate with many DeFi services.
About KFI Token
KFI is the governance token of KlayFi. Users may stake KFI into the KFI Staking Pool and claim rewards, which are profits from performance fee and vKSP system. There is no maximum supply like most yield optimizers (aggregators). Yet, the KlayFi team considers several deflationary mechanisms to maintain constant upwards price pressure and market stability, such as buyback and burn, limiting supply, and more as the ecosystem grows.
The KFI token will be listed on LBank Exchange at 21:00 (UTC+8) on December 17, 2021, investors who are interested in KlayFi investment can easily buy and sell KFI token on LBank Exchange by then. The listing of KFI on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
About LBank Exchange
LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users from now more than 210 regions around the world.
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