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KLEVA Protocol

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Discover KLEVA Protocol's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is KLEVA Protocol?

KLEVA Protocol (KLEVA) is a decentralized finance (DeFi) protocol on the Klaytn blockchain that specializes in leveraged yield farming. It aims to amplify liquidity in decentralized exchanges by integrating with farms, increasing the total value locked (TVL) in the ecosystem. The protocol allows farmers to maximize their yields and lenders to earn passive income by lending assets to farmers, thereby accelerating the growth of the entire DeFi ecosystem.

How is KLEVA Protocol used?

KLEVA Protocol (KLEVA) is a decentralized finance (DeFi) service that operates on the Klaytn blockchain. It provides users with interest and KLEVA token rewards. The protocol specializes in leveraged yield farming, which involves amplifying liquidity in decentralized exchanges by integrating with farms and triggering an inflow of liquidity to both exchanges and the protocol itself. This results in a higher total value locked (TVL) for the entire ecosystem.

How do I store KLEVA Protocol?

To store KLEVA Protocol (KLEVA) tokens securely, it is recommended to use "Cold Wallets," which are offline wallets. There are two types of cold wallets:

  1. Paper Wallet: This is formed by generating a public and private key offline using a program. The keys are printed in the form of QR codes, which can be scanned for future transactions. The paper wallet is then stored in a secure place.

  2. Hardware Cold Wallet: This is a physical device where you can store your cryptocurrency. Your crypto addresses and keys are kept in a USB drive device, and only the person possessing the USB drive can access the assets. Hardware cold wallets are preferred by most users, especially for storing large numbers of coins or tokens.

How to buy KLEVA Protocol?

To buy KLEVA Protocol (KLEVA) tokens, follow these steps:

  1. Find a Reliable Centralized Exchange: Look for a trustworthy exchange where KLEVA Protocol is listed. You can refer to Coinmarketcap for a list of exchanges that support KLEVA Protocol.

  2. Create an Account: Sign up for an account on the chosen exchange, following their registration process.

  3. Deposit Funds: Deposit the required fiat currency or cryptocurrency to your exchange account.

  1. Search for KLEVA Protocol: Find KLEVA Protocol in the exchange's market listings and select it for purchase.

  2. Buy KLEVA Protocol: Use your deposited funds to buy the desired amount of KLEVA Protocol tokens.

  3. Store Your Tokens Safely: For long-term storage, consider using a cold wallet, such as a paper wallet or a hardware wallet, to ensure the security of your tokens.

Remember to carefully study the crypto information and risks before investing in KLEVA Protocol.

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History of KLEVA Protocol

The history of KLEVA Protocol (KLEVA) is marked by significant highs and lows. The protocol was designed to specialize in Leveraged Yield Farming within the Klaytn DeFi Ecosystem. It aimed to become the largest lending protocol for leveraged yield farmers and lenders, recognizing the potential for growth in Klaytn's DeFi Ecosystem compared to other prominent blockchain players like Ethereum, Binance Smart Chain, and Solana.

KLEVA Protocol's vision was to create a synergy effect by integrating with farms and decentralized exchanges, thereby increasing the total value locked (TVL) in the ecosystem. This integration allowed farmers to maximize their yields and lenders to earn passive income by lending their assets to farmers.

In terms of price performance, KLEVA Protocol has experienced notable fluctuations. It reached an all-time high of $0.4502 on January 18, 2024, and an all-time low of $0.01529 on December 8, 2022. The price history has been erratic, reflecting the dynamic nature of the cryptocurrency market.

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How KLEVA Protocol works

KLEVA Protocol (KLEVA) is a decentralized finance (DeFi) protocol built on the Klaytn blockchain. It specializes in Leveraged Yield Farming, which allows farmers to maximize their yields by borrowing funds to ramp up their positions. This tactic is particularly attractive in DeFi, where the goal is to achieve the highest possible Annual Percentage Yield (APY).

Key Components
  1. Leveraged Yield Farming:

    • Farmers borrow funds to increase their positions, potentially earning higher yields.
    • By controlling the leverage level, farmers can borrow more than they put up as collateral, taking their profits to a higher level.
  2. Under-Collateralized Loans:

    • Unlike traditional lending platforms that require over-collateralization, KLEVA Protocol allows for under-collateralized loans, enhancing capital efficiency and resulting in higher APYs for both farmers and lenders.
  3. Multiple Tactics:

  • In addition to lending a single asset, farmers can engage in various strategies such as position hedging and taking long/short positions with pair assets.
Tokenomics
  • Token Supply:

    • The supply of KLEVA tokens is determined by the block rate, with approximately 42,048,000 tokens in circulation by January 2023.
    • Token distribution consists of 75% for users, 15% for the DEV Fund (protocol development and stabilization), and 10% for the ECO Fund (expansion and improvement of the KLEVA Ecosystem).
  • Token Purpose:

    • KLEVA tokens capture the economic incentives of the protocol.
    • A part of the performance fee is rewarded to ibKLEVA stakers, and the profit generated is used to buy back and burn KLEVA tokens.
Availability
  • Exchanges:

    • KLEVA tokens are available on exchanges such as Bittrex Global, KLAYswap, and Claimswap.
  • Purchasing:

    • You can buy KLEVA Protocol on a crypto exchange by signing up, depositing money, and purchasing the token.
Blockchain and Security
  • Klaytn Blockchain:

    • KLEVA Protocol operates on the Klaytn blockchain, which provides a secure and decentralized environment for the protocol.
  • Security Partners:

    • SOOHO, a partner specializing in blockchain security, provides smart contract development engines to ensure a secured environment for blockchain applications.
Founders and Partners
  • WEMIX:

    • A subsidiary of Wemade, a KOSDAQ-listed company in Korea, providing various blockchain services.
  • Birk O'Sully:

    • A team specialized in developing Web 3 protocols, focusing on designing and developing blockchain products.
Community and Market Data
  • Market Capitalization:

    • The market capitalization of KLEVA Protocol is updated in real-time and can be tracked on platforms like CoinMarketCap.
  • Price Performance:

    • The price performance of KLEVA can be monitored in real-time, including historical data and market trends.
  • Community:

  • The KLEVA Protocol community can be engaged through various platforms, including discussions and forums.

How to Buy and Store KLEVA
  • Buying:

    • You can buy KLEVA Protocol on a reliable centralized exchange like Binance or ProBit Exchange.
  • Storage:

    • After purchasing, you can store your KLEVA tokens in a digital wallet, ensuring secure and private ownership.
Technical Analysis
  • Real-time Data:

    • Technical analysis can be performed using real-time data, including charts, trades, and volumes.
  • Market Trends:

    • Market trends and sentiment can be monitored through various indicators and community discussions.
Conclusion

KLEVA Protocol is a DeFi protocol that leverages the liquidity layers in decentralized exchanges to amplify yields for farmers and lenders. Its unique features, such as under-collateralized loans and leveraged yield farming, make it an attractive option for those seeking higher returns in the DeFi space.

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KLEVA Protocol's strengths

The KLEVA Protocol (KLEVA) token has several strengths that contribute to its value and potential for investors:

  1. Deflationary Tokenomics: KLEVA aims to be a deflationary economy by suppressing inflation through service growth and expanded utilization. This is achieved by a sliding model where the minted KLEVA per block decreases by 10% monthly, ensuring a controlled supply and reducing the risk of inflation.

  2. Economic Incentives: The KLEVA Token is designed to capture the economic incentives of the KLEVA Protocol. A part of the Performance Fee is rewarded to ibKLEVA Stakers, and profits are used to Buyback & Burn KLEVA Tokens, which helps maintain the token's value.

  3. Leveraged Yield Farming: KLEVA Protocol specializes in Leveraged Yield Farming, which allows users to maximize their earnings by leveraging liquidity layers in Decentralized Exchanges. This feature attracts users seeking higher returns on their investments.

  1. User Protection: The protocol features a Guard System that prevents transactions from proceeding if the expected quantity differs by more than 10% from the actual executable quantity, protecting users from unforeseen losses.

  2. Auto Compounding: The Auto Compounding service automatically converts governance tokens from Farming profits into collateral assets for reinvestment, maximizing user earnings and reducing manual effort.

  3. Stablecoin Swap Path Optimization: The protocol optimizes swaps for stablecoin pools through KokonutSwap's 4Pool, ensuring the most efficient and low-fee path for users.

These strengths contribute to the overall value and attractiveness of the KLEVA Protocol token, making it a promising investment opportunity in the DeFi space.

KLEVA Protocol's risks

KLEVA Protocol, a DeFi protocol operating on the Klaytn blockchain, carries several financial risks associated with its leveraged yield farming and lending services.

One of the primary risks is the high profit-high risk nature of leveraged yield farming. This strategy involves borrowing assets to increase potential returns, but it also amplifies potential losses. Users must be cautious when investing in KLEVA Protocol to avoid significant financial losses.

Another risk is related to the liquidity layers in decentralized exchanges. KLEVA Protocol acts as an amplifier for these exchanges, which can lead to liquidity inflows. However, if these exchanges experience liquidity issues, it could negatively impact KLEVA Protocol and its users.

Additionally, the protocol's lending services also come with risks. While participating as a lender by depositing a single asset can help minimize risks, there is still a chance of losing some or all of the investment. This risk is inherent in DeFi services and must be carefully considered by investors.

Overall, KLEVA Protocol's financial risks are primarily tied to the volatility of the cryptocurrency market and the specific strategies employed by users. It is essential for investors to thoroughly understand these risks and take necessary precautions to protect their investments.

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Did KLEVA Protocol raise funds?

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KLEVA Protocol's ecosystem

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KLEVA Protocol’s team

  • WEMIX: A subsidiary of Wemade, a KOSDAQ-listed company in Korea, providing various services including the WEMIX blockchain platform, cryptocurrency wallet, decentralized exchange, and NFT marketplace.
  • Sooho: A partner in the development of Kleva Protocol, contributing to its growth and services.
  • Burk O'Sully: Another partner involved in the development and operation of Kleva Protocol, ensuring its success in the DeFi ecosystem.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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