Klaytn Dapp ClaimSwap obtains investment from Kakao’s Krust

December 16 16:06 2021
Klaytn Dapp ClaimSwap obtains investment from Kakao's Krust
ClaimSwap is a DEX exchange that will be launched in December 2021 which runs on Klaytn blockchain, owned by Kakao.

ClaimSwap, a DeFi service on Klaytn blockchain platform, has obtained an undisclosed amount of investment from Krust, an affiliate of Kakao that manages all of Kakao Corp’s overseas ventures. The deal was confirmed on Dec 16, 2021. Krust is now the largest investor of ClaimSwap.

Krust is based in Singapore to discover and invest in global services and expand the scope of investment starting with the blockchain-related firms. Along with the Klaytn Foundation, Krust plays an essential role in expanding Kakao’s blockchain affiliate, Klaytn.

ClaimSwap is a decentralized financial protocol (known as DeFi) that will be launched in December this year. It supports swaps between Klaytn-based cryptocurrencies. Users can directly provide liquidity for the exchange and be rewarded with CLA governance token which also give them the power to determine operation decisions of the protocol.

ClaimSwap and Krust are now working together to facilitate long-term growth of the Klaytn DeFi ecosystem. Claimswap plans to become Klaytn’s global DEX (decentralized exchange) and offer advanced services to the Klaytn community.

According to a ClaimSwap representative, “We expect the launch of ClaimSwap to bring Klaytn ecosystem to the next level just as Uniswap and Sushiswap led to the explosive growth of the Ethereum ecosystem.”

Media Contact
Company Name: ClaimSwap
Contact Person: Kyle Kim
Email: Send Email
Phone: +82-70-8065-4878
City: Seoul
Country: South Korea
Website: https://www.claimswap.org