Addition of Compounding to KLAYswap

Published on: 02.09.2021
Addition of Compounding to KLAYswap

KLAYswap announce the addition of Compounding (Re-staking) capabilities, so users can stake additional KSP earned, without an increase in their lock-up period.

The purpose of this update is to improve user experience and to empower governance functions. Through Re-staking, users can now stake their earned KSP without having to worry about lock-up period increasing. This will also allow them to earn more KSP and vKSP as a result, allowing them to participate in KLAYswap ecosystem more actively than ever before.

Now, let’s go over how to re-stake in details..

🔸KLAYswap : Compounding (Re-staking) Guide

1. Click “Claim Rewards”

Connect your wallet, then head over to “Stake & Boost” section to find “Claim rewards” button. You must press “Claim rewards” button, and not the “Stake” button to re-stake.

2. Re-staking

Upon pressing “Claim rewards”, the page in which you can re-stake will appear. Press “Re-staking” to stake earned KSP to receive compounded interest.

If you wish to collect your accrued KSP without re-staking, you can select the “Receive to wallet” option next to “Re-staking.” You can then press “Receive to wallet” at the bottom to send your accrued KSP to your wallet.

About KLAYswap

KLAYswap is an AMM-based instant swap protocol that allows users to swap any KCT token into any other KCT token on the basis of KLAY.

📰 INFO

https://medium.com/klayswap/addition-of-compounding-re-staking-function-to-klayswap-9bb8308b56dd

Market Stats:
BTC Dominance: 59.84%(+0.21%/24h)
ETH Dominance: 9.78%(-0.25%/24h)
Defi Market Cap: $88.51B(-20.58%/24h)
Total Market Cap: $2740.9B(-2.83%/24h)
Total Trading Volume 24h: $124.33B(-18.86%/24h)
ETH Market Cap: $267.84B
Defi to ETH Ratio: 33.04%
Defi Dominance: 3.11%
Altcoin Market Cap: $1100.63B
Altcoin Volume 24h: $71.38B
Total Cryptocurrencies: 33968
Active Cryptocurrencies: 10861
Active Market Pairs: 101051
Active Exchanges: 797
Total Exchanges: 10128
BTC: 82640.84$(-2.04%/1H)
ETH: 2216.29$(-3.68%/1H)
AVAX: 21.37$(-4.14%/1H)
BNB: 593.52$(-1.5%/1H)
MATIC: 0.27$(-2.66%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.62$(-3.17%/1H)
DOT: 4.76$(-2.27%/1H)
UNI: 7.61$(-2.72%/1H)
CAKE: 2$(-2.47%/1H)
SUSHI: 0.78$(-2.71%/1H)
ONE: 0.01$(-2.51%/1H)