About sKLAY

sKLAY is a token representing ownership and liquidity, issued via smart contracts for KLAY staked through KLAYstation, KLAY's official staking platform. Its liquidity enables staking participants to leverage their assets for various revenue-generating activities while keeping their assets staked. Essentially, sKLAY allows KLAY holders who stake through KLAYSTATION to exercise rights over their staked assets. Rewards earned by validators for verifying blocks are shared proportionally based on the amount of sKLAY held, and unstaking is also conducted using sKLAY. As a versatile asset, sKLAY not only facilitates unstaking without time restrictions but also integrates into various DeFi protocols within the growing Klaytn DeFi ecosystem.