💱Decentralized Exchange (DEX)

Outline

At the heart of Klay Kingdoms is its DEX, which uses the verified Uniswap V2 protocol. It provides a stable and proven investment and trading experience for all players using the Klay Kingdoms platform. Players can exchange various tokens in line with the market price and be compensated with CRYSTAL tokens by providing liquidity (LP) to the desired token pool. CRYSTAL tokens are used as an essential gameplay element in order to develop characters, heroes, and items. CRYSTAL cannot be directly exchanged for other tokens in the DEX provided by the Trader, but can be used within Klay Kingdoms. Players can earn KING tokens by playing CRYSTAL-based games. The KING tokens obtained through these series of activities are freely traded on the DEX, and are used for a variety of interesting activities while enjoying the game.

Farm

Essentially, a farm is a place in the game where players stake liquidity pool (LP) tokens to mine additional CRYSTAL tokens. When players enter the farm and look around, they will clearly see a place called a Seed Box. LP token staking allows players to farm additional CRYSTAL tokens. The number of tokens that a player who deposits LP receives is proportional to the number of shares he deposits in each LP Pool, which means that the more liquidity he/she supplies, the more CRYSTAL tokens he receives as compensation.

Trader

Players can easily exchange their tokens with other tokens through Victor, a non-Player Character (NPC). You will be able to access the familiar swap function through Victor (similar to swap functions in existing DEXes). Players can always visit Victor and exchange KING tokens for various tokens used in the Klaytn ecosystem, such as KLAY,oUSDT. Furthermore, they can be exchanged for tokens available for other game projects that will form a close partnership with Klay Kingdoms. This also means that the Klay Kingdoms ecosystem has high scalability and growth potential.

Bank

Players can expect greater profits if they deposit King tokens in the Bank. KING tokens can be obtained through LP deposits at farms, direct purchases, or rewards given within the game. The Bank is the place where a single deposit existing in the DeFi system is implemented in the metaverse. When a player deposits a KING token at the Bank, he or she gets an xKING token, which is a staked KING token. The xKING token is designed to receive more KING tokens in the future. In other words, the more active transactions occur after the launch of the service, the more the equation of 1 KING ≤ xKING is formed, and the gap increases. If the holder of the xKING token unstakes in the future, he or she will receive a larger number of KING tokens. The value of the xKING token increases through the KING token being generated and distributed with every block along with a portion of the fee steadily incurred by the DEX in the Klay Kingdoms platform. Players will be able to deposit their KING tokens in a bank and hold xKING tokens for more rewards than just holding them in their wallets.