Staked KLAY Leverage

This investment strategy can be proceeded on KLAYTN network

Leverage Staked KLAY rewards

Staking rewards for KLAY with SwapScanner’s GCKLAY token is currently at 6~7% APY. Users can leverage staked KLAY rewards as below:

1️⃣ Deposit GCKLAY on Shoebill V2

2️⃣ Borrow KLAY

3️⃣Deposit KLAY on SwapScanner and exchange to GCKLAY

4️⃣Deposit GCKLAY to Shoebill V2 again

5️⃣Repeat the other process

Users can leverage for higher APY with low liquidation risk

How does Shoebill returns staking rewards cumulated to GCKLAY?

GCKLAY is rebase token of which the quantity increases based on the value comparing to KLAY. Shoebill V2 calculates this increased quantity and returns it to the depositors.

Where can I get GCKLAY?

Acquiring GCKLAY on SwapScanner