CRYPTO BANK Launches 11/2 on DeFi Platform KlaySwap

강승환 기자 | 기사입력 2021/11/03 [10:04]

CRYPTO BANK Launches 11/2 on DeFi Platform KlaySwap

강승환 기자 | 입력 : 2021/11/03 [10:04]


CRYPTO BANK, a virtual asset total financial solution, announced on the 2nd (Tuesday) that it would launch a new pool of KLAY / KCBANK on the De-Fi platform KLAYswap.


Klayswap is the most pivotal project in the Klaytn-based DeFi ecosystem. As of 2nd of Nov., the total amount of assets deposited is $1.24 billion, daily trading volume is $61 million, and has more than 150 pools.


Cryptobank is currently in the testing stage of implementing CBANK’s smart QR payment, and it is a transitional stage as it takes several procedures and time, such as a legal review and settlement system, for virtual asset payment. 


In addition, since CryptoBank is an asset management, simple remittance, and real-time payment project that anyone can use easily through a mobile application, CBANK's liquidity access should be easier, and KlaySwap is expected to be a good alternative. This is because if you use the swap pool of Klayswap, you can easily exchange CBANK tokens with various virtual assets without using a general exchange.


Currently, the bridge function for the CBANK token clay swap launch has been activated, and those who want to participate in the liquidity pool must convert the existing Ethereum-based CBANK token into a Klaytn-based KCBANK token through the bridge and participate.


If you participate in the KLAY / KCBANK pool and supply liquidity to the clay swap, you can receive an airdrop of KCBANK tokens as a participant reward. However, it will take some time before the airdrop is applied after the initial liquidity pool is created.


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