Enter a new era of decentralized finance with KLEVA Protocol, a standout player in the Klaytn blockchain ecosystem. Specializing in Leveraged Yield Farming, KLEVA acts as an amplifier for Decentralized Exchanges (DEXs), boosting liquidity and fostering a more robust ecosystem. By seamlessly integrating with various farming protocols, KLEVA not only increases Total Value Locked (TVL) but also offers unparalleled opportunities for both lenders and farmers. Dive in to discover how KLEVA Protocol is revolutionizing DeFi, maximizing yields, and creating an ecosystem where every participant benefits.
What is KLEVA Protocol?
KLEVA Protocol is a decentralized finance (DeFi) protocol on the Klaytn blockchain that specializes in Leveraged Yield Farming. By leveraging the liquidity layers in Decentralized Exchanges (DEXs), KLEVA acts as an amplifier for these exchanges. This integration with farming protocols triggers an inflow of liquidity to both the exchanges and KLEVA Protocol itself, resulting in a higher Total Value Locked (TVL) for the entire ecosystem. This unique approach not only enhances liquidity but also provides significant benefits to all participants, making KLEVA a key player in the DeFi space.
Who are the Founders of KLEVA Protocol?
The KLEVA team is composed of three distinct entities, each bringing its own set of strengths to the table:
WEMIX
WEMIX is a subsidiary of Wemade, a KOSDAQ-listed company in Korea. WEMIX is expanding its footprint within the blockchain industry by offering a variety of services, including the WEMIX blockchain platform, cryptocurrency wallet, decentralized exchange, and NFT marketplace. Their extensive experience and resources provide a solid foundation for the KLEVA Protocol.
SOOHO
SOOHO specializes in blockchain security reinforcement. They offer smart contract development engines that help users build and maintain secure environments for blockchain applications. With over $3 billion in secured assets and the detection of more than 170,000 vulnerability points, SOOHO ensures that KLEVA Protocol operates in a highly secure environment.
Birk O'Sully
Birk O'Sully focuses on developing Web3 protocols, covering everything from design to actual product development. The team members have diverse and professional backgrounds in the crypto scene, including experience in crypto exchanges, blockchain platform development, and crypto funds. Currently, they are focused on developing and operating products across various blockchain protocols, making them a crucial part of the KLEVA team.
What Makes KLEVA Unique?
KLEVA Protocol stands out in the DeFi space for several reasons:
Leveraged Yield Farming
KLEVA Protocol is a lending protocol that allows leveraged yield farming on the Klaytn blockchain. By bringing together lenders and farmers, KLEVA creates an ecosystem where farmers can maximize their yields, and lenders can earn passive income by lending their assets to farmers. Leveraged Yield Farming is a strategy where farmers borrow funds to increase their position, thereby earning higher yields. This tactic is particularly attractive in DeFi, where the main goal is to achieve the highest Annual Percentage Yield (APY).
Under-Collateralized Loans
Unlike traditional lending platforms that require over-collateralization, KLEVA Protocol permits under-collateralized loans. This approach enhances capital efficiency, resulting in higher APYs for both farmers and lenders. By allowing borrowers to leverage more than their collateral, KLEVA opens up new opportunities for profit maximization.
Multiple Investment Strategies
KLEVA Protocol offers various tactics for earning money through Leveraged Yield Farming. Investors can engage in activities ranging from lending a single asset to position hedging, taking long/short positions with paired assets, and more. This flexibility allows investors to do much more than just passively stake their cryptocurrency, providing multiple avenues for profit.
Ecosystem Growth
KLEVA accelerates the growth of the entire ecosystem by leveraging existing DeFi protocols and opening a gateway to a larger economy. This approach brings wider opportunities for all participants, making KLEVA a pivotal player in the DeFi landscape.
How Many KLEVA Tokens Are in Circulation?
KLEVA Protocol's in-house token, KLEVA, is minted at a rate of 1.33 tokens per block. The minting logic follows a sliding model, where the emission rate decreases by 25% annually. The total supply of KLEVA tokens depends on the block rate, with approximately 86,400 blocks per day, resulting in around 115,200 newly minted tokens daily. By January 2023, a year after the protocol's launch, there were roughly 42,048,000 KLEVA tokens in circulation.
Token Distribution
The current token distribution is as follows: - 75% to Users of KLEVA Protocol: This allocation incentivizes user participation and engagement within the protocol. - 15% to the DEV Fund: This fund is used for protocol development and stabilization, ensuring the project's long-term health. - 10% to the ECO Fund: This fund is dedicated to the expansion and improvement of the KLEVA ecosystem, including strategic partnerships, airdrops, and more.
Economic Incentives
KLEVA tokens capture the economic incentives of the protocol. A portion of the performance fee is rewarded to ibKLEVA stakers, and the profit generated is primarily used for buyback and burn mechanisms. By leveraging the liquidity layers of DEXs, integrating with more DEXs will result in higher accrued fees, further benefiting KLEVA token holders.
Where Can I Buy KLEVA?
KLEVA tokens are available on several platforms, including Bittrex Global, KLAYswap, and Claimswap. These platforms provide easy access to KLEVA tokens, allowing users to participate in the KLEVA ecosystem and take advantage of its unique features.
KLEVA Protocol Market Data
Understanding the market data for KLEVA Protocol is crucial for potential investors and participants. Here are some key statistics:
- Current Price: $0.2411
- Market Cap: $11,042,744.28
- 24h Price Change: -0.31%
- 7d Price Change: -11.91%
- 30d Price Change: 7.55%
- 24h High: $0.2592
- 24h Low: $0.2296
- All-Time High: $0.4502 (2024-01-18)
- All-Time Low: $0.0153 (2022-12-08)
- Circulating Supply: 45,809,755.41
- Total Supply: 56,748,170.62
These statistics provide a snapshot of KLEVA's market performance, helping users make informed decisions about their investments.
Conclusion
KLEVA Protocol is revolutionizing the DeFi landscape with its innovative approach to Leveraged Yield Farming. By enhancing liquidity, offering under-collateralized loans, and providing multiple investment strategies, KLEVA creates a robust ecosystem that benefits all participants. With a strong team, strategic token distribution, and a focus on ecosystem growth, KLE
