TOM Finance (TOM.FINANCE) Launches New Pool of KlaySwap KLAY/KTOM

강승환 기자 | 기사입력 2021/11/24 [16:55]

TOM Finance (TOM.FINANCE) Launches New Pool of KlaySwap KLAY/KTOM

강승환 기자 | 입력 : 2021/11/24 [16:55]


De-Fi platform TOM.FINANCE announced on the 24th (Wednesday) that it has launched a new pool of KLAY/KTOM on KlaySwap.


Tom Finance supported the liquidity supply of crypto assets on Uniswap, a representative DeFi platform based on the Ethereum chain, and implemented a reward program through staking of LP tokens. In Season 1, which took place for about 60 days from November 11, 2020, a maximum of 25,000 TOM tokens were distributed by mining in a decentralized manner.


Tom Finance released Season 2 immediately following Season 1, and Season 2 is a step forward to enable exchange between crypto assets, liquidity supply, and reward program operation on its own platform without relying on a DeFi platform such as Uniswap.


On the other hand, KlaySwap is the most pivotal platform among the Klaytn-based DeFi ecosystem, with total deposit assets of $1.15 billion, daily trading volume of more than $100 million, and 172 pools. This is a scale equivalent to the top tier on the global stage.


To participate in the KLAY/KTOM pool, you must first chain swap ERC-20-based TOM tokens to Klaytn-based KTOM through a bridge.


Tom Finance said that after the creation of the KLAY/KTOM pool, the contract will be distributed to liquidity providers so that they can earn profits through airdrops of crypto assets, and detailed instructions will be announced.

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