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: 59.74%(-0.61%/24h)
ETH Dominance: 9.79%(-0.35%/24h)
Defi Market Cap: $88.83B(+0.61%/24h)
Total Market Cap: $2729.22B(-2.08%/24h)
Total Trading Volume 24h: $122.55B(-18.47%/24h)
ETH Market Cap: $269.28B
Defi to ETH Ratio: 32.99%
Defi Dominance: 3.13%
Altcoin Market Cap: $1098.75B
Altcoin Volume 24h: $70.23B
Total Cryptocurrencies: 33968
Active Cryptocurrencies: 10861
Active Market Pairs: 101049
Active Exchanges: 797
Total Exchanges: 10128
BTC: 82191.66$(-2.82%/1H)
ETH: 2216.99$(-3.91%/1H)
AVAX: 21.35$(-4.83%/1H)
BNB: 591.05$(-2.03%/1H)
MATIC: 0.27$(-2.98%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.62$(-3.8%/1H)
DOT: 4.72$(-3.68%/1H)
UNI: 7.59$(-3.13%/1H)
CAKE: 2$(-2.49%/1H)
SUSHI: 0.78$(-3.3%/1H)
ONE: 0.01$(-3.54%/1H)