sKLAY SKLAY Price $ 0.218

sKLAY is an ownership and liquidity token that is given through smart contracts for KLAY staked through KLAYstation, KLAY’s official staking tool. The liquidity of sKLAY will allow users participating in staking to utilize their assets for a variety of revenue opportunities while maintaining a staked position. At its core, sKLAY is a token that 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.

Because sKLAY is a token in addition to being a method used as a way to unstake without time constraints, sKLAY can be used as an asset in various DeFi protocols as the Klaytn DeFi ecosystem grows.