KROME Shares is the next generation HYBRID stable coin project on the Klaytn network With advanced intelligent design, USDK (stable coin of KROME project) starts off as 100% collateral backed, gradually reducing dependence to collaterals as project grows ensuring enhanced capital efficiency.
Kermit Inu Storage Key Points
|Coin Name||KROME Shares|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
KROME Price Live Data
The live KROME Shares price today is $0.072920 USD with a 24-hour trading volume of not available. They update the KROME to USD price in real-time. This is down 3.35% in the last 24 hours. The current CoinMarketCap ranking is #9977, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
The only stablecoin on Klaytn solving the Stability-Efficiency dilemma
Collateral backed stablecoins (USDC, USDT, DAI, KSD) are stable but lack capital efficiency.
Algorithmic stablecoins (Basis Cash, ESD, KAI) are capital efficient but not stable.
USDK, starting as 100% collateral backed, auto‑magically balances collateral ratio as project grows for better capital efficiency – making KROME the most advanced next-generation stablecoin project.
The yield making machine
Collaterals of KROME Shares project don’t sit idly in project wallet. The AMO (Algorithmic Market Operations Controller) module performs open market operations that maximize yield so long as it does not break the peg. The AMO tirelessly works on behalf of KROME holders 24/7 for maximum yield. (AMO module is scheduled to launch on v2 update)
Governance token with “REAL” value
Unlike governance tokens of other algorithmic stablecoins that their sole purpose is to hold the peg, KROME – the governance token of KROME project – has “REAL” value accrued from AMO profit.
Turbo charged LP rewards with 4x booster!
With the cutting edge “VE” (Vote Escrowed) Design, users can have up to 4x boost on their yield locking up KROME token. As veKROME mechanism rewards longer lock period exponentially, KROME holders can expect stronger momentum.
How is USDK different from other stablecoins?
KROME Shares are two types of stablecoins: collateral-based (USDT, DAI, KSD) and algorithm-based (Basis Cash, KAI). In other words, the collateral base has a problem in that a lot of capital is tied up because 1 dollar or more of collateral has to be deposited to create a stablecoin worth 1 US dollar, and the algorithm base has no capital tied up, but it is difficult to maintain the value of 1 dollar. .
USDK is a next-generation hybrid stablecoin that has two advantages. It is a stablecoin that starts with 100% collateral at the beginning, guarantees stability, and increases capital efficiency by gradually lowering the collateralization rate as the issuance volume increases and the project grows.
What is the KROME token?
The KROME Shares token is the governance token of the KROME project, and the decision-making of the project is made through the governance of this token. Although the total issuance of KROME tokens is 500 million, since KROME is burned when USDK is issued, the total amount of KROME will decrease over time, creating upward pressure on the price. In addition, commission income such as collateral investment income and minting/redeem fees is also accumulated in KROME tokens.
What is veKROME?
You can understand veKROME as a system that boosts LP rewards. Users can obtain KROME Shares by locking up KROME tokens for a period of their choosing. With veKROME, LP rewards can be boosted by up to 200%. veKROME is created by (number of locked-up KROME tokens) x (number of months of lock-up).
The number of veKROMEs required to receive the maximum boost (200%) is determined by your LP participation and the reward boost ratio of the pool.
The reward boost ratio is the amount of KROME Shares required to receive the maximum reward per 1 USDK supplied to the liquidity pool. For example, if the reward boost ratio of the USDK-KUSDT pool is 1:24, 1 to receive the maximum boost effect (200%) 24 veKROME per USDK required.
For example, if you participate in the USDK-KUSDT pool with only USDK $10,000 – KUSDT $1, this user will be able to get a total of 3x rewards with 240,000 KROME Shares increasing the Liquidity Compensation Boost up to a maximum of 200%. In this case, you can lock up 5,000 KROME tokens for 48 months to get the required 240,000 veKROME.