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About KLEVA Protocol
Key Points
- KLEVA Protocol is a DeFi protocol on Klaytn that specializes in Leveraged Yield Farming.
- Founders: WEMIX, SOOHO, and Birk O’Sully.
- KLEVA Protocol allows leveraged yield farming on Klaytn Blockchain.
- Unique feature: permits Under-Collateralized Loans, enhancing capital efficiency.
- KLEVA Token: created at a rate of 1.33 tokens per block, with a decreasing emission rate of 25% annually.
- Token distribution: 75% to users, 15% to DEV Fund, and 10% to ECO Fund.
Introducing KLEVA Protocol: Pioneering the Future of Decentralized Finance
Introducing KLEVA Protocol: A Revolutionary Framework
KLEVA Protocol is a pioneering DeFi protocol within the Klaytn ecosystem, specifically designed to optimize Leveraged Yield Farming. By harnessing the power of liquidity layers in Decentralized Exchanges, we effectively amplify their capabilities. Through strategic integrations with farms, we stimulate a surge of liquidity, benefiting both the exchanges and our protocol, ultimately culminating in a substantial increase in Total Value Locked (TVL) across the entire ecosystem.
The Visionaries Behind KLEVA Protocol: Meet the Founders
The KLEVA Team is comprised of three distinct entities, each boasting its unique strengths and areas of expertise.
WEMIX, a subsidiary of Wemade, a KOSDAQ-listed company in Korea, is forging ahead in the blockchain industry, offering a diverse range of services that encompass the WEMIX blockchain platform, a cryptocurrency wallet, a decentralized exchange, and an NFT marketplace.
At SOOHO SOOHO, we specialize in bolstering blockchain security. Our cutting-edge smart contract development engines empower users to craft and maintain a fortified environment for blockchain applications. Notably, the cumulative value of secured assets facilitated by SOOHO has exceeded $3 billion, with the detection of over 170,000 vulnerability points.
Birk O’Sully specializes in crafting innovative Web 3 protocols, encompassing the entire spectrum from meticulous design to tangible product development. The team’s diverse membership boasts a rich tapestry of professional experience within the crypto sphere, with expertise spanning crypto exchanges, blockchain platform development, and crypto funds, among others. Presently, the team is dedicated to developing and operating a diverse range of products across various blockchain protocols.
What Sets KLEVA Apart?
KLEVA Protocol is a pioneering lending protocol that facilitates leveraged yield farming on the Klaytn Blockchain, fostering a symbiotic ecosystem where farmers can optimize their yields and lenders can generate passive income by lending their assets to farmers, thereby creating a mutually beneficial environment.
Leveraged Yield Farming is a strategic maneuver where farmers utilize borrowed capital to amplify their position, thereby maximizing their yields. This tactic holds particular appeal in the DeFi realm, where the primary objective is to consistently secure the highest possible Annual Percentage Yield (APY). Furthermore, by judiciously calibrating the leverage level, farmers can borrow amounts exceeding their initial collateral, thereby catapulting their profits to unprecedented heights.
In contrast to lending platforms that adhere to an over-collateralization policy for borrowers, KLEVA Protocol is designed to facilitate under-collateralized loans, thereby optimizing capital efficiency and yielding higher APYs for both farmers and lenders alike.
Moreover, Leveraged Yield Farming offers a multitude of strategies to generate returns. Beyond merely lending a single asset, investors can engage in position hedging, take long or short positions with paired assets, and explore numerous other opportunities. This means that, as an investor, you can do far more than simply passively staking your cryptocurrency.
In conclusion, we catalyze the exponential growth of the entire ecosystem by leveraging existing DeFi protocols and establishing a gateway to a more expansive economy, thereby unlocking a broader spectrum of opportunities for all stakeholders.
The Circulating Supply of KLEVA (KLEVA): A Quantitative Breakdown
KLEVA Protocol’s native token, KLEVA, is minted at a rate of 1.33 tokens per block, adhering to a sliding emission model that entails a 25% annual decrease in the emission rate.
The supply of KLEVA is directly tied to the block rate, with approximately 86,400 tokens generated daily, resulting in 115,200 newly-minted tokens per day. By January 2023, roughly one year after the inaugural launch of KLEVA Protocol, the total tokens in circulation are projected to reach approximately 42,048,000.
The token distribution is allocated as follows: 75% is reserved for users of the KLEVA Protocol, while 15% is designated for the DEV Fund and 10% for the ECO Fund.
15% of the allocation is earmarked for the Dev Fund, which will be utilized for the development and stabilization of the protocol, thereby fostering a healthy project ecosystem. Meanwhile, 10% of the allocation is designated for the ECO Fund, which will be leveraged to expand and enhance the KLEVA Ecosystem through strategic partnerships, airdrops, and the augmentation of our financial infrastructure, among other initiatives.
KLEVA Tokens effectively harness the economic incentives inherent in the KLEVA Protocol. A portion of the Performance Fee is allocated to ibKLEVA Stakers, and the resulting profit is primarily utilized to facilitate the Buyback & Burn mechanism for KLEVA Tokens. By leveraging the liquidity layers of decentralized exchanges (DEXs), our integration with multiple DEXs will yield a substantial increase in accrued fees.
Acquiring KLEVA: A Guide to Procurement
KLEVA Protocol’s native token, KLEVA, is proudly listed on esteemed exchanges, including Bittrex Global, KLAYswap, and Claimswap, further solidifying its presence in the digital asset market.