KLAYswap Protocol priceKSP

What is KLAYswap Protocol (KSP)?

KLAYswap is a reliable on-chain instant swap platform that utilizes an on-chain liquidity pool. The platform guarantees liquidity through automated market-making (AMM) mechanisms. KLAYswap allows anyone with KLAY or KCT-type token cryptocurrency to become a liquidity provider and earn income from transaction fee commissions. Furthermore, KLAYswap offers yield farming with asset pairings previously unconnected in the decentralized world. Ethereum-based tokens such as ETH, ORC, DAI, and WBTC can be transferred to the Klaytn ecosystem through the transparent IBC bridge, Orbit Bridge, built on Orbit Chain.

How does KLAYswap Protocol (KSP) Work?

With KLAYswap, traders can enjoy instant on-chain transactions via liquidity pools and shape the platform's policy and direction with the KSP governance token. Contributors to the growth of the protocol can receive various forms of compensation, such as transaction fee revenue. KLAYswap welcomes long-term investors, commission fee earners, and KSP miners to participate in its ecosystem. Whether you're new to DeFi or an experienced user, KLAYswap offers a transparent avenue of growth opportunities with Orbit Bridge. As an initial user with the chance to shape the system, everyone has the opportunity to grow with KLAYswap.

What makes KLAYswap Protocol (KSP) Unique?

KLAYswap doesn't just deal with Klaytn-based tokens, but it also supports other network-based tokens. This is possible thanks to Orbit Chain's interoperability. KLAYswap's goal is to address a wide range of real-life digital assets, and Ethereum-based tokens such as ETH, ORC, DAI, and WBTC can be easily transferred to the Klaytn ecosystem using Orbit Bridge. Moreover, the LP tokens given as supply vouchers to liquidity providers can generate profits on their own and can be linked to other financial protocols. This allows for easy exchange among all stakeholders in the ecosystem. Klaytn can create innovative financial applications by utilizing the LP token. All in all, KLAYswap is an essential starting point to activate Klaytn's economic ecosystem, with guaranteed scalability due to its injection of increased interoperability and asset efficiency.

What is the KSP Token?

As a KLAYswap user, you have the opportunity to acquire the KSP token which serves as the governance token for the platform. KSP holders have the responsibility and authority to determine governance agendas in accordance with the protocol related regulations to lead the development of the service. This includes determining fees, mining distribution, and contracts. KSP is also used for creating new liquidity pools; a specific amount of KSP is required as a pool contract creation fee when a new KCT token pair pool is created on KLAYswap. Tokens can be acquired through liquidity mining, with KSP being distributed only through liquidity mining in each Genesis block and being given as compensation to KLAYswap liquidity providers in proportion to their provided liquidity to the pool total.