Deposit and Staking

  • Deposit and staking are services similar to traditional financial deposits, allowing users to deposit their assets into the protocol to provide capital for leverage investors(=borrowers).

  • Since KLEVA's deposit and staking methods is a single asset's utilization, it is a secure way of utilizing assets(excluding external factors such as market value fluctuations)

  • KLEVA offers deposit services for seven types of crypto assets, including WEMIX, KLAY, oUSDT, KDAI, oETH, oUSDC, and KLEVA.

  • Users can deposit their held assets in their wallets, and the deposited assets can be borrowed by leverage investors.

  • The interest earned from borrowing is the profit for depositors after deducting a fee (19%).

  • There are no specific holding period conditions for deposits, so deposited assets can be withdrawn at any time. Upon withdrawal, depositors receive an increased quantity of assets based on the interest accrued during the deposit period.

  • Depositors receive proof-of-deposit tokens (e.g., ibKLAY for KLAY deposits).

  • Staking these ib tokens results in the reward of KLEVA tokens.

  • The value of ib tokens is higher than the underlying assets due to the cumulative interest distributed to the basic assets since their issuance. Therefore, the number of ib tokens received upon deposit is lower than the quantity of the corresponding token, but upon withdrawal, depositors receive a larger quantity of tokens, equivalent to the accumulated interest. * Important Note In the event of bad debt occurrences, the exchange rate may decrease.

  • There are no specific holding period conditions for KLEVA staking, allowing users to unstake at any time without deduction of rewards for the holding period.

  • The deposit yield represents the interest income from borrowing, and the staking yield is the value converted from KLEVA rewards earned through staking.

For more detailed explanations of deposit and staking, you can refer to the information available here.

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