KLAP Token Holders

KLAP token holders may earn rewards without lockups using Key Finance.

Users must Step 1) Earn KLAPkey tokens by unlocking KLAP tokens, Step 2) Stake KLAPkey tokens.

STEP 1. KLAP Token Unlocking

Once users unlock their KLAP tokens(or veNFT) in Key Finance, KLAPkey tokens are returned at a 1:1 rate. A KLAPkey token is a tokenized version of KLAP token, the governance token of Klap Finance.
KLAPkey conversion is 1-way. Key Finance will not convert KLAPkey tokens to KLAP tokens. Users may trade their tokens by using other exchanges (ex. Klayswap) at the market price.
Key Finance locks up KLAP tokens acquired from users’ unlocks, forever as veNFTs.

Users may deposit KLAPkey tokens earned by unlocking KLAP tokens, into KLAPkey staking pools to earn rewards.
Users may freely unstake their KLAPkey anytime as there exist no lockup requirements.

Rewards one may earn by staking in Key Finance without lockups are stated below:

KLAP Rewards: 10% of total KLAP rewards farmed by providing liquidity to klap.finance lending pools
KEY Rewards : KEY Token emission to KLAPkey stakers

Last updated 2 years ago