Klap Finance

KLAP (Klaytn Lending Application) is a decentralized non-custodial liquidity market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an over-collateralized (perpetually) or under-collateralized (one-block liquidity) fashion.

Klap is the only Klaytn-native lending protocol that provides maximum liquidity utility to both borrowers and lenders. Users who identify with our favorite L1’s community and metaverse vision should use Klap for either stable yield and safe lending. We are committed to aligning our vision with Klaytn’s overall needs by providing essential lending services to the community.

KLAP has a maximum total supply of 1,000,000,000 (1 billion) tokens.

A burn and redeem mechanism can be voted upon and implemented by the community, and if so the maximum total supply will likely be significantly less than that. However, this wouldn’t be something the Klap team itself does — this is solely within the scope of the governance token voting power.