Bank
Last updated
Last updated
The Bank is where you can stake Klay Kingdoms’ main governance token, KING. Interact with Antonio(NPC) to deposit KING tokens you own. When staking or unstaking, you must approve the transaction first, so you have to proceed with a total of two transactions. After approval, the transaction and gas fee are generated. Easily access the bank features through the Bank menu in the game.
When KING tokens are staked, the player can confirm the exchange rate for KING and xKING in the Bank menu. The exchange rate reflects the rate at which KING tokens will be turned into xKING tokens. The KING to xKING exchange rate increases with time. This is because the xKING fund distributes a portion of the exchange fees generated by the DEX, the withdrawal of liquidity, and in-game transactions. As a result, the value of xKING is always increasing. The player can always confirm their amount of xKING by going to Antonio in the Bank.
When withdrawing xKING, you will receive KING tokens at the current rate. This rate never decreases, so you can always receive more KING tokens as compensation when withdrawing from the bank, and you can also always unstake them without incurring any transaction fees other than gas costs. However, unstaked KING token rewards can be claimed 10 days after the unstaking. You can receive them by going to Antonio 10 days after the unstaking day. Please note that this lock-up period may be adjusted to ensure smooth gameplay for all players, and no additional rewards are given during this period.
