Vladislav Sopov
Immediately after launch, traders are available to trade assets between each other and earn income from them
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- The KLEX protocol goes live, making incentivized liquidity pools available to Klaytn users
- KLEX launches a vampire attack on KlaySwap
Klaytn ecosystem enthusiasts are invited to inject liquidity into all newly launched pools to participate in KLEX’s incentive program. Holders of Klaytn-based coins, major stablecoins, and mainstream altcoins can participate in unique initiatives.
The KLEX protocol goes live, making incentivized liquidity pools available to Klaytn users
According to the official announcement by DeFi protocol team KLEX Finance, the mainnet release of its public version has been live since August 26, 2022 (10:00 AM KST).
We’re excited to announce the KLEX mainnet, which will officially launch on August 26th at 10:00 AM KST, approximately 24 hours after this tweet was published!
On Klaytn, be prepared for new levels of capital efficiency and an enhanced AMM experience for users.
https://t.co/QxM7z5xVtI
— 🚀 Klex 🚀 (@klexfinance) August 25, 2022
To motivate crypto holders to lock up liquidity in Klaytn-based pools, the KLEX Finance team allocated a total of approximately $680,000 in KLAY and 9,500,000 KLEX for its pre-mining program.
Wrapped KLAY (WKLAY), Wrapped Bitcoin (WBTC), Ethereum (ETH), Binance Coin (BNB), Avalanche (AVAX), US Dollar Tether (USDT), USD Coin (USDC), Dai (DAI) and other cryptocurrencies are on the rise take part in the first KLEX incentives.
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In addition to profitable yield farming opportunities, KLEX Finance is promoting itself as a convenient and low-fee tool for non-custodial exchanges of Bitcoin (BTC) and major altcoins.
KLEX launches a vampire attack on KlaySwap
To strengthen and deepen its liquidity ecosystem, KLEX decided to announce a “raid” against its competitor KlaySwap, a pioneering DeFi ecosystem on Klaytn; The SushiSwap (SUSHI) protocol did the same to Uniswap (UNI) two years ago.
KLEX will enable deposits for oUSDT/KDAI, oUSDT/oUSDC, KLAY/oUSDT, KLAY/oETH and oETH/oUSDT liquidity pool participants. A total of over $2.1 million will be made available to support this raid.
Last but not least, the KLEX Lockdrop program rewards liquidity providers for their contributions to locked asset pools.
KLEX tokens themselves will be launched in a copper-like manner via a Liquidity Bootstrapping Pool (LBP) on KLEX by the end of September 2022.
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