Hi there, everyone! I’m Daniel from Klaytn Foundation
Klaytn is delighted to explore strategic collaboration between the Klaytn and Centrifuge. This initiative aims to provide broader accessibility and deepen the integration of our respective ecosystems, leveraging the strengths of each platform to benefit our combined user base.
Klaytn is an open-source EVM compatible public blockchain platform, brought to life by Ground X, the blockchain R&D subsidiary of Kakao, South Korea’s leading tech company. Our platform is designed for high throughput and near-instant finality, making it a perfect match for enterprise-level solutions and Web 2.0 services integration. With an impressive user base of over millions of people worldwide, Klaytn holds a leading position as one of the leading blockchain platforms in Asia.
Klaytn One Pager (May 2023)
Klaytn’s expansive and diverse ecosystem focuses on several key areas:
DeFi: As of May 19, the Total Value Locked (TVL) in Klaytn stands at approximately $153 million. This puts us in the 17th position among all chains based on data from DeFillama. Our key protocols encompass DeFi Kingdoms, KlaySwap, PangeaSwap, and a multitude of others.
RWA: ITCEN, the parent company of South Korea’s biggest gold exchange, in conjunction with BPMG, a blockchain development enterprise, is launching the nation’s inaugural liquidity staking platform for Gold Pegged Coin (GPC) on the Klaytn blockchain. GPC, whose value is tied to gold, represents Klaytn’s significant step into the realm of RWA through Gold.
Gaming: We have a strong emphasis on facilitating on-chain gaming. Numerous AAA gaming projects have already integrated blockchain elements using Klaytn’s Mainnet and Service Chains, including MarbleX (Netmarble), NEOPLY(Neowiz), Bora(Kakao Games)
NFTs: Klaytn broke new ground in Q2’21 by integrating with OpenSea, becoming the first blockchain outside Ethereum to support the marketplace. We took this collaboration a step further in Q2’22, aiming to boost the NFT ecosystem in Asia. Our top 10 projects have collectively accumulated a staggering volume of 156 million KLAY on OpenSea.
Further, in a significant update to our tokenomics plan, the Klaytn Foundation recently made the bold move to burn over 5 billion KLAY from our reserve protocols. This strategy has not only positively affected community sentiment but also contributed significantly to the long-term sustainability of the project.
Asia is witnessing one of the fastest growth in the Web 3.0 space, and we’re confident that Klaytn is poised to serve our ever-expanding community in the region.
We desire to form a partnership with Centrifuge in order to deploy Tinlake on Klaytn. This initiative will enable millions of Klaytn users to directly invest in Tinlake’s pools. Depending on our collaborative model, these pools could either be existing ones or new ones developed exclusively for Klaytn. The Klaytn team initially hypothesizes that the existing pools might benefit more, as asset origination would not have to occur solely for Klaytn.
Given that the Centrifuge community has voted to migrate to Polkadot Parachain and also fully support EVM compatibility, and launch Centrifuge Connectors, we believe there’s a great fit with Klaytn which is a fully EVM compatible. This timing couldn’t be better and we’re excited about what this potential alignment could mean for both our platforms.
Similar to the AAVE RWA Market helping securitization of Tinlake’s tokenized assets, the Klaytn Foundation can support a similar strategy. Our commitment involves bringing the Centrifuge team together with the key players and protocols in the Klaytn DeFi ecosystem.
The Klaytn Foundation also has the capacity to offer tailored marketing support for Tinlake, utilizing both our proprietary channels and those of our partners.
Connecting millions of Klaytn users (e.g. Registered users of Klip Wallet exceeds two millions) and their liquidity to Tinlake: The primary goal of this proposal is to grant Klaytn’s extensive user base access to the investment opportunities currently available through Tinlake on Ethereum. By doing so, we aim to diversify the investment options for Klaytn users, increase engagement, and promote activities across the Tinlake platform.
We believe that this collaboration holds significant potential to enhance the user experience on both platforms, drive increased engagement, and ultimately lead to the success of our shared vision. We welcome your thoughts, feedback, and questions regarding this proposal and look forward to fostering a constructive and productive discussion.
Website of Klaytn Foundation: Klaytn Foundation | The metaverse blockchain for all
Open Telegram Chat Room between Centrifuge and Klaytn: Link
Name : Daniel Kim