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Market capitalization: $3.64T
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KLAP
KLAP

About KLAP

KLAP (Klaytn Lending Application) is a decentralized lending market allowing users to deposit or borrow assets. Depositors earn passive income by providing liquidity, while borrowers can access over-collateralized (perpetual) or under-collateralized (one-block) loans. The KLAP token has several utilities: 1. **veKLAP (Vote-escrowed KLAP):** KLAP holders, stakers, and KLAP-KLAY LPs can lock their tokens to receive veNFTs. VeNFTs provide: * Voting rights on KLAP emissions for lending/borrowing pools. * Yield boosters on liquidity mining rewards for lending/borrowing and Pool 2. Ve holders can also vote on protocol-level decisions, such as treasury fund allocation and adding more utilities. 2. **Treasury Growth:** KLAP is designed to be autonomous. As long as lending/borrowing occurs,...

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