Description
Kokoa Finance is a decentralized finance protocol on the Klaytn network that issues KSD, a yield-generating stablecoin. KSD is backed by crypto assets managed via Collateralized Debt Positions (CDPs). The platform allows users to borrow KSD at a zero interest rate by staking Klay. KSD holders can also deposit their tokens to earn a high interest rate, stated as 20% APY. The protocol is governed by Kokoa token holders, who can participate in decision-making and earn dividends from protocol profits.