Blockchain
LBank Exchange Will List KlayFi (KFI) on December 17, 2021
Internet City, Dubai–(Newsfile Corp. – December 16, 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.
Figure 1: LBank Exchange Will List KlayFi (KFI) 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.
Introducing KlayFi
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.
Learn More about KFI Token:
Official Website: https://klayfi.finance/
Telegram: https://t.me/klayfiofficial
Twitter: https://twitter.com/KlayFi_official
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.
Community & Social Media:
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Twitter
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Linkedin
Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
[email protected]
Blockchain
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Blockchain
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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
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The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
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For more news like this, check out all of the latest finance-related releases from PR Newswire.
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