Ask about Klap
Logo of KlapKlap(KLAP)Deprecated protocol
Total Value Locked$173.14

TVL by Chain

Kaia$173.14

Key Metrics

Active Loans$0

Protocol Information

KLAP (Klaytn Lending Application) is the leading money market on Klaytn.

Category:Lending

Audits:

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Methodology

TVL: Counts the tokens locked in the contracts to be used as collateral to borrow or to earn yield. Borrowed coins are not counted towards the TVL, so only the coins actually locked in the contracts are counted. There's multiple reasons behind this but one of the main ones is to avoid inflating the TVL through cycled lending.View code on GitHub

Competitors

Morpho Blue ($7.911b)BiFi ($4.8m)Avalon Finance ($1.33m)Shoebill V2 ($301,535.92)Mesher ($242,644.86)KlayBank ($18,077.78)Qubit ($15,344.62)Shoebill V1 ($7,745.8)Rhombus Protocol ($1,118.82)KiloLend ($27.18)

Frequently Asked Questions

What is Klap?

KLAP (Klaytn Lending Application) is the leading money market on Klaytn.

What is Klap's TVL?

Klap currently has $173.14 in total value locked. TVL has increased 30.2% over the past 30 days.

What chains does Klap operate on?

Klap operates on Kaia. Kaia holds the largest share at 100%.

How much has been borrowed through Klap?

Klap currently has $0 in active loans.