Addition of Compounding to KLAYswap

Published on: 02.09.2021

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.