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LBank Exchange Will List KlayFi (KFI) on December 17, 2021
Internet City, Dubai–(Newsfile Corp. – December 16, 2021) – LBank Exchange, a global digital asset trading platform, will list KlayFi (KFI) token on December 17, 2021. For all users of LBank Exchange, the KFI/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on December 17, 2021.
Figure 1: LBank Exchange Will List KlayFi (KFI) on December 17, 2021
KLAYswap, a decentralized crypto asset finance protocol, has drawn widespread attention from the crypto world since last year. As a yield optimizer, KlayFi is here to provide the user-oriented yield farming experience to KLAYswap users. Its native KFI token will be listed on LBank Exchange at 21:00 (UTC+8) on December 17, 2021, to further expand its global reach and help it achieve its vision.
Introducing KlayFi
KlayFi is a yield optimizer that provides the user-oriented yield farming experience to KLAYswap users. In addition to convenient auto-farming, users can earn maximum yield returns by utilizing the governance and economy of KLAYswap.
Inspired by innovative yield farming models like PancakeBunny, Yearn Finance, Curve Finance, Convex Finance, and Synthetix, KlayFi redesigned these models and developed a progressive DeFi protocol to bring innovative yield farming in the Klaytn ecosystem. These protocols are highly recognized by communities. KlayFi specifically studied the following protocols in depth; the seamless auto-compounding user experience of PancakeBunny, proposing the optimal investment strategy for users of Yearn Finance, and mainly utilizing the governance model and token economy of DeFi pool in Convex Finance.
KlayFi proposes a sustainable model, which utilizes the governance model and token economy of KLAYswap; supports the auto-compounding feature, the core feature of Yield Optimizer; and provides an advanced incentive model that allows profit maximization for users by connecting the fundamentals of KLAYswap and KlayFi.
There are three major parts that compose the KlayFi Ecosystem: KFI Staking Pool, KLAY-KFI Vault, and KlayFi Prime / Growth Vaults. For KFI Staking Pool users, KlayFi shares its profits from the protocol including performance fees and profits from vKSP system (KLAYswap’s governance model and token economy) to them; for KLAY-KFI Vault users, they receive KFI and KSP rewards as providing liquidity to the KLAY-KFI pool; and for KlayFi Prime / Growth Vaults users, KlayFi auto-compounds the profits and distributes newly minted KFI to them in return for performance fee.
KlayFi is one of the largest DeFi services in the Klaytn ecosystem and mainly supports KLAYswap, but KlayFi Protocol aims to integrate with various DeFi services, including DEXs, Lending, and more on Klaytn to nurture the ecosystem. In doing so, KlayFi became an official partner of WEMADE, the leading P2E platform, which is well known for its blockchain project, WEMIX. WEMADE participated in the KlayStarter LaunchPad with its first DeFi service. Furthermore, KlayFi introduced the first IDO platform, ‘KlayStarter’, on Klaytn and will actively collaborate with many DeFi services.
About KFI Token
KFI is the governance token of KlayFi. Users may stake KFI into the KFI Staking Pool and claim rewards, which are profits from performance fee and vKSP system. There is no maximum supply like most yield optimizers (aggregators). Yet, the KlayFi team considers several deflationary mechanisms to maintain constant upwards price pressure and market stability, such as buyback and burn, limiting supply, and more as the ecosystem grows.
The KFI token will be listed on LBank Exchange at 21:00 (UTC+8) on December 17, 2021, investors who are interested in KlayFi investment can easily buy and sell KFI token on LBank Exchange by then. The listing of KFI on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Learn More about KFI Token:
Official Website: https://klayfi.finance/
Telegram: https://t.me/klayfiofficial
Twitter: https://twitter.com/KlayFi_official
About LBank Exchange
LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users from now more than 210 regions around the world.
Community & Social Media:
Telegram
Twitter
Facebook
Linkedin
Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107822
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French fintech Lydia launches digital banking app Sumeria
Lydia, a prominent French fintech company known for its innovative financial solutions, has taken a significant leap forward with the launch of its new digital banking app, Sumeria. This development marks a strategic expansion for Lydia as it continues to redefine the financial landscape in Europe and beyond.
About Lydia
Since its inception, Lydia has been at the forefront of fintech innovation in France, providing users with seamless and user-friendly payment solutions. The company has built a strong reputation for its mobile payment app, which allows users to send and receive money, pay for goods and services, and manage their finances with ease. With millions of users and a robust platform, Lydia is well-positioned to venture into the digital banking space.
Introducing Sumeria
Sumeria is Lydia’s latest offering, designed to cater to the growing demand for comprehensive digital banking solutions. The app aims to provide users with a full suite of banking services, all accessible from their smartphones. Key features of Sumeria include:
- Personal and Business Accounts: Sumeria offers both personal and business accounts, enabling users to manage their finances efficiently. The app supports a range of functionalities tailored to meet the needs of individual users and small to medium-sized enterprises (SMEs).
- Intuitive Interface: True to Lydia’s commitment to user experience, Sumeria boasts an intuitive and easy-to-navigate interface. Users can quickly access account information, transaction history, and various banking services with just a few taps.
- Comprehensive Financial Tools: Sumeria provides a range of financial tools designed to help users better manage their money. Features such as budgeting, expense tracking, and personalized financial insights empower users to make informed financial decisions.
- Security and Privacy: Lydia places a high priority on security, and Sumeria is no exception. The app incorporates advanced security measures, including biometric authentication and end-to-end encryption, to ensure that users’ financial data is protected.
- Integrated Payments: Leveraging Lydia’s expertise in payments, Sumeria integrates seamless payment solutions, allowing users to send and receive money instantly, pay bills, and make purchases directly from the app.
Strategic Implications
The launch of Sumeria represents a strategic move for Lydia, positioning the company as a formidable player in the digital banking arena. By expanding its product offering, Lydia aims to capture a larger share of the market and meet the evolving needs of its users. This initiative also reflects a broader trend in the fintech industry, where traditional payment service providers are evolving into comprehensive financial service platforms.
Market Impact
Sumeria’s entry into the market is poised to have a significant impact. With its user-centric design and robust feature set, the app is likely to attract a diverse user base, from tech-savvy millennials to SMEs seeking efficient banking solutions. Moreover, Sumeria’s integration with Lydia’s existing payment infrastructure provides a seamless transition for current Lydia users, further boosting its adoption.
Future Prospects
Looking ahead, Lydia plans to continually enhance Sumeria by adding new features and expanding its services. The company’s focus on innovation and customer satisfaction will be key drivers of Sumeria’s growth. Additionally, Lydia’s potential to scale Sumeria across other European markets presents a substantial opportunity for further expansion.
Source: fintechfutures.com
The post French fintech Lydia launches digital banking app Sumeria appeared first on HIPTHER Alerts.
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