Update on Klaytn’s Pilot Proof-of-Contribution Program

Here’s an update on the change in our Pilot POC program. The Klaytn Foundation selected Kokoa Finance and Klaybank for Pilot POC program at the end of March and decided to provide additional rewards in proportion to the increase in TVL. 

To give KLAY depositors greater and more intuitive compensation, we decided to give POC rewards in proportion to the total amount of TVL, not TVL increase, and notified this to each project team. We will closely monitor the market response and continue to ensure trust in the Defi projects of the Klaytn ecosystem.

Details of the changes will be announced by each project team, and the Klaytn Foundation will make a continuous effort to provide substantial rewards to the teams and users who contribute to the expansion of the Klaytn ecosystem.