Hassan Maishera
The Klaytn Foundation announced in a Medium post on Sunday that it has selected Kokoa Finance and Klaybank for its Proof-of-Contribution Pilot program. Kokoa Finance is a decentralized protocol for issuing a collateralized stablecoin while Klaybank is a decentralized protocol for lending and borrowing and bonding.
The team said it selected these projects after looking at four categories including potential impact to the Klaytn ecosystem, creativity, UI/UX, and transparency and security of the protocol.
Klaytn is a public blockchain developed by Ground X, the blockchain arm of Korea’s internet giant Kakao with 50 million users worldwide. KLAY is up by less than 3% in the last 24 hours and now trades at $1.194 per token.
