
KLAP (Klaytn Lending Application) is the biggest money market on Klaytn, with over $100M+ TVL since the first day of launching.
Jul 27, 2022 17:00:00
Jul 28, 2022 17:00:00
ICO Details
Ticker Symbol:
KLAP
Blockchain Network:
Binance Smart Chain
Token Type:
BEP20
Category:
Launchpad:
Gate Startup
Token Sale Page:
Rating:
Total Supply:
1,000,000,000 KLAP
Investors:
75,000,000 KLAP
Advisors:
50,000,000 KLAP
Community:
10,000,000 KLAP
Treasury:
90,000,000 KLAP
Incentives:
50,000,000 KLAP
Staking:
150,000,000 KLAP
Rewards:
250,000,000 KLAP
Project Support:
100,000,000 KLAP
Others:
225,000,000 KLAP
Investors 7.50%
Advisors 5.00%
Community 1.00%
Treasury 9.00%
Incentives 5.00%
Staking 15.00%
Rewards 25.00%
Project Support 10.00%
Others 22.50%
What Is KLAP Finance?
KLAP (Klaytn Lending Application) is the biggest money market on Klaytn, with over $100M+ TVL since the first day of launching. Incubated by Krust (investment entity of Klaytn), Manifold, and ROK, KLAP has solidified a strong lineup of strategic investors and partners needed to make the protocol in line for success. KLAP has incorporated some of the most modern innovations in DeFi architecture and tokenomics designs.
KLAP Finance Unique Features
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Roadmap
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KLAP Finance Token Economy
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Detailed Token Metrics
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Token Distribution
Token Release Schedule
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25% given out as rewards for using the protocol (lending/borrowing) – Emission formulas belowThis will be released via a geometric decay function. The first “epoch” of 2 weeks will release 2.5% of the total supply. Each epoch, the emission will decrease by 10%.
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10% to Pool 2 (KLAP/KLAY) – Emission formulas below
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Geometric decay function. First epoch 1%, each epoch decreases emissions by 10%.
- 15% to Ve stakers – Variable unlock, based on emission formulas below
- Released based on lock time and supply being locked. Formulas below.
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5% for Early Incentives – Unlocked at launch excluding Liquidity Drop
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Early Incentives include rewards for pre-mining and potentially a lockdrop to distribute the KLAP token at launch.
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9% Treasury – Unlocked via community votes (KLAP holders)
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Controlled by the protocol DAO in the future – initially, some of the treasury KLAP will be used for protocol owned KLAP/KLAY liquidity to seed the pool.
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1% Community – Variable unlock
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Token rewards for early community members and small events to reward loyal Klappers
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10% Krust/Klaytn – 6 month cliff, 24 months linear unlock
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The protocol will receive KLAY investment, which will be used as liquidity rewards to further incentivize lending/borrowing and Pool 2.
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12.5% Devs – 6 month cliff, 24 months linear unlock
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7.5% Investors – 6 month cliff, 24 months linear unlock
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5% Advisors – 6 month cliff, 24 months linear unlock
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For bridges, liquidity partnerships, etc
Partners & Advisors
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