KLEVA Protocol KLEVA
About
What is KLEVA Protocol?
KLEVA Protocol is a DeFi protocol in Klaytn that specializes in Leveraged Yield Farming. We take advantage of the liquidity layers in Decentralized Exchanges and act as the amplifier for these exchanges. By integrating with farms, we trigger an inflow of liquidity to both exchanges and our protocol, leading to a higher TVL for the entire Ecosystem.
Who are the founders of KLEVA Protocol?
The KLEVA Team consists of three entities, each with its own strengths.
WEMIX
WEMIX is a subsidiary of Wemade, a KOSDAQ listed company in Korea. We are expanding our territory within the blockchain industry and provide various services including WEMIX blockchain platform, cryptocurrency wallet, decentralized exchange, and NFT marketplace.
SOOHO
SOOHO specializes in the reinforcement of blockchain security. We provide smart contract development engines to help users build and maintain a secured environment for blockchain applications. The accumulated value of secured assets through SOOHO has surpassed $3B, including the detection of more than 170,000 vulnerability points.
Birk O’Sully
Birk O'Sully is specialized in developing Web 3 Protocols covering from designing to actual product development. Each member has a different but professional background in the crypto scene, including crypto exchanges, blockchain platform development, crypto fund, etc. Currently, the team focuses on developing and operating products in various blockchain protocols.
More Info
What makes KLEVA unique?
KLEVA Protocol is a lending protocol that allows leveraged yield farming on Klaytn Blockchain. We gather lenders and farmers and make 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 tactic where farmers borrow funds to ramp up their position in order to earn more yields. This tactic is especially attractive because in DeFi, your main goal is to always get the highest APY. Moreover, by controlling the leverage level, you can borrow more than you put up as collateral and take your profit to a higher level.
Unlike lending platforms that have an Over-Collateralization policy for borrowers, KLEVA Protocol is built to permit Under-Collateralized Loans. This enhances capital efficiency resulting in higher APYs not only for farmers but for lenders too.
Furthermore, there are multiple tactics in Leveraged Yield Farming to earn money. Simply from lending a single asset to position hedging, taking long/short positions with pair assets, and so on and so forth. Thus, as an investor, you can do much more than just passively stake your cryptocurrency.
Wrapping up, we accelerate the growth of the entire Ecosystem by taking advantage of current DeFi protocols and opening a gateway to a bigger economy - bringing wider opportunities for all participants.
How Many KLEVA(KLEVA) are there in circulation?
KLEVA Protocol’s in-house token KLEVA is created at a rate of 1.33 tokens per block. The minting logic follows a sliding model in which the emission rate will decrease 25% annually.
The supply of KLEVA will depend on the block rate. At approximately 86,400 per day, and therefore 115,200 newly-minted tokens per day, there will be roughly 42,048,000 tokens in circulation by January 2023, a year after KLEVA Protocol first launched.
Token distribution currently consists of the following: 75% to the Users of KLEVA Protocol, 15% to the DEV Fund, and 10% to the ECO Fund.
15% allocated to Dev Fund will be used for protocol development and stabilization, to build and maintain a healthy project. 10% assigned to ECO Fund is used for expansion and improvement of KLEVA Ecosystem : finding strategic partnerships, airdrops, expanding our money lego and more.
KLEVA Tokens serve the purpose of capturing the economic incentives of KLEVA Protocol. A part of Performance Fee is rewarded to ibKLEVA Stakers and the profit generated is mostly used to Buyback & Burn KLEVA Tokens. Since we take advantage of the liquidity layers of DEXs, integrating with more DEXs will result in bigger accrued fees.
Where can I buy KLEVA?
KLEVA Protocol’s in-house token KLEVA is available on Bittrex Global, KLAYswap, and Claimswap.
AI Analysis
What is the KLEVA Protocol (KLEVA) cryptocurrency good for? What are its main use cases?
The KLEVA Protocol (KLEVA) is designed to offer various decentralized financial services, primarily focusing on decentralized finance (DeFi) applications. While the specifics of its use cases may evolve, here are some of the main functionalities and potential use cases associated with the KLEVA Protocol:
Yield Farming: KLEVA allows users to earn rewards through yield farming by providing liquidity to the protocol. This typically involves staking or locking up assets in a liquidity pool to earn returns.
Liquidity Provision: Users can participate as liquidity providers, receiving a portion of transaction fees generated by the protocol, which incentivizes them to supply liquidity.
Decentralized Trading: KLEVA Protocol may offer decentralized exchange features, enabling users to trade cryptocurrencies directly from their wallets without relying on a centralized exchange.
Staking: Users may stake KLEVA tokens to earn additional rewards, contributing to the overall security and operation of the network.
Earning Passive Income: By utilizing different DeFi mechanisms like lending or liquidity mining, KLEVA allows users to earn passive income on their holdings.
Governance: Holders of KLEVA tokens may have governance rights, allowing them to participate in decision-making processes, such as proposed changes to the protocol or advancements within the ecosystem.
Integration with Other DeFi Protocols: KLEVA could also coexist and collaborate with other DeFi projects, potentially enabling cross-platform utility and enhancing DeFi ecosystems.
NFTs and Digital Assets: Depending on the roadmap, KLEVA could potentially expand into NFTs and other digital asset functionalities, allowing for unique revenue-generating opportunities.
Ecosystem Development: The KLEVA Protocol may also play a role in broader ecosystem development, supporting projects building on the protocol or enhancing interoperability between different blockchain ecosystems.
It's important to look into the latest project documentation, community updates, and reviews to get an accurate understanding of the KLEVA Protocol and its developments, as the DeFi space is highly dynamic and subject to rapid changes.
What blockchain does KLEVA Protocol use? Is it its own blockchain or built on top of another?
KLEVA Protocol operates on the Klaytn blockchain. It is not its own standalone blockchain but rather built on top of Klaytn, which is a public blockchain platform developed by Ground X, a subsidiary of the South Korean internet company Kakao. KLEVA Protocol focuses on decentralized finance (DeFi) and aims to provide various financial services within the Klaytn ecosystem.
Is KLEVA Protocol programmable? Does it support smart contracts or decentralized applications?
KLEVA Protocol, which operates within the Klaytn ecosystem, is primarily designed for decentralized finance (DeFi) functionalities. The Klaytn blockchain itself does support smart contracts and decentralized applications (dApps), built using the Solidity programming language—a common language for Ethereum-based smart contracts.
If KLEVA Protocol has integrated features that leverage smart contracts, it enables programmability and supports various DeFi applications. However, specifics about KLEVA Protocol's capabilities or its own programmability should be checked on their official documentation or website for the most current and detailed information.
How fast are KLEVA Protocol transactions? What is the typical confirmation time and throughput (transactions per second)?
KLEVA Protocol is designed to facilitate efficient decentralized finance (DeFi) operations. As of my last update in October 2023, the KLEVA Protocol typically boasts transaction confirmation times of around a few seconds, though this can vary depending on network activity and congestion.
Throughput, measured in transactions per second (TPS), for the KLEVA Protocol is generally competitive with other leading DeFi platforms. Exact TPS values can fluctuate based on various factors, but systems like KLEVA often aim for several hundred TPS.
For the most accurate and up-to-date statistics on transaction speeds and throughput, I recommend checking KLEVA Protocol's official documentation or their dashboard, as these metrics can evolve rapidly in the cryptocurrency and blockchain space.
How much data can I store on the KLEVA Protocol blockchain? Does it support on-chain data storage?
As of my last knowledge update in October 2023, the KLEVA Protocol primarily focuses on DeFi solutions, enabling liquidity rewards and various financial products within the decentralized finance ecosystem. However, specific details about on-chain data storage capabilities can vary based on the specific functionalities implemented by the protocol.
Generally, many blockchain protocols have limitations regarding the amount of data that can be stored on-chain due to cost and scalability issues. While some blockchains offer tools for decentralized file storage (e.g., IPFS, Arweave), others may allow for the storage of small sets of metadata or transaction-related information directly on-chain.
For precise details regarding KLEVA Protocol's capabilities for on-chain data storage, including data limits and supported features, I recommend checking the official documentation or the latest updates from the KLEVA Protocol community or their development team.
Contact Us About KLEVA Protocol
Are you a representative of the KLEVA Protocol project? Send us a message.