Claimswap is Klaytn’s AMM-based DEX. Claimswap is completely open-source and anyone can provide a service using Claimswap protocol permisionlessly. We will contribute to the development of Klaytn by actively collaborating with third-party projects that utilize Claimswap.
Hello, Claimswap speaking.
To further strengthen the combination of Claimswap and partner projects, pool voting function using CLS will be updated. Therefore, the DAO page of Claimswap will be reorganized into a UI with two tabs: Pool Vote / Agenda Vote.
Pool voting will begin on 2 May, 6:00 pm(KST).
Accordingly, from 9 May, 6:00 pm(KST), the sum of CLA reward (30%) set by Claimswap team and CLA reward (30%) determined by the vote will be distributed as the determined CLA reward.
Voting Policy
- As with agenda voting, users must go through the process of delegating voting rights to themselves at the first time participating in pool voting. (However, users who have previously gone through agenda voting do not have to do so.)
- The vote will be held since 6 p.m. (KST) every Monday for seven days, and the results will be reflected for seven days starting from 6 p.m. (KST) next Monday.
- During the voting period, the user can cancel the vote, then change the vote.
- Your vote for the last round will not remain. Therefore, users must participate in every new round in order to cast a vote.
- Only CLA-XXX pairs that pass the governance proposal can be selected as pool voting option, and KLAY-XXX pairs linked to those pairs will also receive CLA rewards.
- Current CLA pairs to be voted on: WEMIX, BORA, KFI, KOKOA, KSD, KBT, BTRY, KSTA (Even though not on the list yet, third-party projects that have generated $400K CLA-XXX pairs by 1 May, 11:59pm(KST) can be added in the list)
CLA Distribution Rate Standard
- The CLA distribution amount by pool is a sum of arbitrary distribution amount (70%) and voted distribution amount (30%) of the 62,208 CLAs which is allocated to the LP reward.
- The amount of CLA distribution by pool based on the results of each voting round will be applied for 7 days starting from 6 p.m. (KST) every Monday.
- Arbitrary distribution amount (70%) is determined by Claimswap team.
- Voted distribution amount (30%) will all be distributed to Claimswap’s third-party pool.
- The vote on third-party CLA LP will be held weekly and receive 20% of the daily LP rewards based on the turnout. Depending on the result of the vote on CLALP, 10% of the daily LP rewards will be distributed to the partner’s KLAY LP.
- For example, if voted distribution amount of CLA-XYZ LP is 10,000, KLAY-XYZ LP will be allocated with 5,000 CLAs.
- As Klaytn ecosystem grows and partners grow, we will gradually increase the ratio of voted distribution amount.
What has changed?
- Prior to the introduction of pool vote, less than 4,500 daily CLA rewards were distributed to CLA-Third Party and KLAY-Third Party pairs.
- After the introduction of pool voting, approximately 18,660 daily CLA rewards are allocated to third-party pools, more than four times the number of CLAs allocated to existing policies.
- Pool voting with CLS will encourage CLA liquidity providing and CLA staking for partner projects.
- As CLA rewards grow, it will drive the growth of leverage services using CLA.
- We look forward to the growth of projects synergistic with CLA governance power such as Veve Finance and Symbiotik.
Stay in Touch
We will expand the Klaytn ecosystem together with our amazing partners. Our partner list will be released soon before the service launch.
Keep up with the latest ClaimSwap news from the communities listed below.
Be aware of scams! The followings are the only official communities run by the ClaimSwap team.
- Discord(ENG): https://discord.gg/Vf7VFPPzNG
- Telegram(KOR): https://t.me/ClaimSwap
- Twitter: https://twitter.com/ClaimSwap
