Updated 282 days ago

Invincible Node

To reinforce the Klaytn ecosystem, the invincible node provides NFT minted by user's staking, and enabled NFT to be utilized as a bond connected to the existing liquid staking.

  • Crypto / Web3
  • Klaytn
  • NFT
  • Defi
  • Liquid Staking

We ultimately aim to prevent downsizing $Klay, and incentivizing external liquidity to inflow onto Klaytn ecosystem. This aiming became mechanisms for increasing burn rate and staking ratio of the network keeping user's churn rate in a low level by using retention period of staking.

In terms of users' benefit, they are going to get enabled to leverage the rewards greater than an amount of their staking by using the leverage feature and the liquid staking connected to the Invincible Node's core contract.

This protocol would be widen for targeting as not only general users who want to optimize the staking rewards in reasonable way, but also GC nodes which contribute to upsizing Klaytn ecosystem for sustainable fly wheel. GC nodes which have duty for enhancing klaytn would participate in the Invincible node as liquidity provider to enable users to maximize rewards and to keep them on ecosystem providing various types of utilities.

How to burn

Periodically settled protocol fees distributed up front of burning end (20%) will be burned. This rate could be changed depending on INVI DAO's decision.

More information : https://drive.google.com/file/d/11JL1idR22P9jzaVUV2z39zyIaEVOdr3P/view?usp=sharing