sKLAY

SKLAY Price

What is sKLAY about?

sKLAY is an ownership and liquidity token given through smart contracts for KLAY staked through KLAYstation, KLAY’s official staking tool, and can remedy liquidity limitations to grow Klaytn’s Decentralized Finance (DeFi) ecosystem.

What makes sKLAY unique?

As a liquidity token based on the value of staked KLAY, sKLAY injects direct liquidity to the current Klaytn ecosystem, allowing sKLAY holders to utilize their assets for various revenue opportunities offered by Klaytn’s DeFi protocols while maintaining a staking position. sKLAY gives KLAY owners staking through KLAYSTATION the power to exercise rights over their staked assets. The reward that nodes receive after verifying blocks will be shared proportionally based on the amount of sKLAY held. Unstaking will also be based on sKLAY.

What's the history of sKLAY?

sKLAY adheres to the KCT (Klaytn Compatible Token) standard, making transactions possible and increasing efficiency of assets by allowing withdrawals at any time without having to go through KLAY’s unstaking period (7 days). Note that while sKLAY acquired through delegating has the same value as corresponding KLAY, sKLAY acquired through staking KLAY may have a different price at the time of trading due to the presence of a time-difference discount rate applied to the supply and demand of the market and the increase in conversion rate due to staking compensation.

What can sKLAY be used for?

Considering KLAY’s value and volatility, sKLAY is a reliable source of liquidity in the Klaytn network in terms of asset value. It is of immense value to users who have been staking KLAY, as they can take advantage of various investment opportunities offered by DeFi services by additional asset input or liquidation of staked assets.

Where can you buy sKLAY?

SKLAY tokens can be traded on decentralized exchanges and centralized crypto exchanges. The most popular exchange to buy and trade sKLAY is KLAYSwap, where the most active trading pair SKLAY/KLAY has a trading volume of $145.68 in the last 24 hours. Other popular options include DragonSwap V3 (Kaia) and Coinone.

What is the daily trading volume of sKLAY (SKLAY)?

The trading volume of sKLAY (SKLAY) is $149.89 in the last 24 hours, representing a -30.90% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for sKLAY (SKLAY)?

sKLAY (SKLAY) reached an all-time high of $4.77 and an all-time low of $0.06111. It’s now trading -98.60% below that peak and 7.80% above its lowest price.

What is the fully diluted valuation of sKLAY (SKLAY)?

The fully diluted valuation (FDV) of sKLAY (SKLAY) is $12,475,565. This is a statistical representation of the maximum market cap, assuming the maximum number of 190 Million SKLAY tokens are in circulation today. Depending on how the emission schedule of SKLAY tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of sKLAY compare against its peers?

With a price increase of 2.70% in the last 7 days, sKLAY (SKLAY) is underperforming the global cryptocurrency market which is up 3.80%, while outperforming when compared to similar Kaia Ecosystem cryptocurrencies which are up 0.00%.