ICONFi World Staking on Klayswap

Published on: 24.10.2021

ICON -$ICX will be available for liquidity mining on KLAYswap (Starts at 9am on October 22st/UTC+9). ICX holders can provide liquidity on the Klaytn network via Orbit Bridge and earn $KSP tokens as a reward. This means ICX holders are now able to enjoy DeFi protocols in a cross-chain environment.

The inflow of ICX liquidity will bring new vitality to KLAYswap, creating richer asset movement and flow between users participating in the KLAYswap and ICON ecosystems, and creating various economic opportunities in this mutual ecosystem.

KLAYswap is an Automated Market Maker (AMM) with the largest on-chain liquidity on the Klaytn network. It allows users to earn and manage rewards by utilizing cryptocurrencies on various chains. KSP is given as a reward to participants in the KLAYswap ecosystem and can be used to generate additional revenue on the platform.

ABOUT ICON
ICON is a next generation blockchain protocol with smart contract functionality and interoperability. ICX is the native cryptocurrency of the ICON network. As an aggregator chain, ICON achieves interoperability — a web of interconnected networks aggregating all blockchain data into one layer. ICON’s “Blockchain Transmission Protocol” (BTP) is its novel interoperability solution, allowing all integrated blockchains to be interconnected to each other.

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

RESOURCES
Medium

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