Description
KLAYswap is an open-source, blockchain-based decentralized finance (DeFi) protocol that functions as a decentralized exchange (DEX). It enables users to swap cryptocurrencies, provide liquidity to various pools, and engage in governance via its KSP token. The platform has achieved Information Security Management System (ISMS) certification for its "blockchain-based smart contract development and service operation," valid from September 2023 to September 2026, underscoring its focus on security. KLAYswap has recently announced a strategic shift to discontinue its leverage services, such as Supply & Borrow, due to factors like liquidity imbalance and market volatility. The protocol is now concentrating on its fundamental DEX features, including liquidity provision and trading support, to ensure the safety and stability of user assets.