KLAYswap

Thing ∙ ID: 10896

A decentralized, on-chain instant swap protocol launched in January 2021. It features an automated market maker-powered liquidity pool, allowing users to become liquidity providers and earn transaction fees. Supports token swaps between Ethereum and the Klaytn ecosystem via the Orbit Bridge. Users can provide liquidity by matching KLAY-KCT pairs and receive LP tokens. The KSP governance token enables participation in improvement proposals and pool creation. Attracts long-term investors, income-seeking traders, and miners. Charges a 0.3% fee for token swaps; does not offer leverage or margin trading. Supports all KCT-standard tokens with no specific location or restricted countries.