sKLAYSKLAY
$3.28
Market/Exchange
SKLAY Price Prediction and Price Movement
SKLAY is up 228.59 percent over the last three months, while its market capitalization is still considered relatively small, which implies that the price of SKLAY can be very volatile comparing to those with larger market cap during big market moves. However, with a stead growth over the past three months, SKLAY has the potential to grow further and may yield some very decent gains. Again traders should remain cautious at all time.
Please note that this analysis is purely base on SKLAY's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
sKLAY Price Chart
About sKLAY
sKLAY is an ownership and liquidity token that is 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.
As a liquidity token that is based on the value of staked KLAY, sKLAY not only injects direct liquidity to the current Klaytn ecosystem, but also allows the holders of sKLAY to utilize their assets for a variety of revenue opportunities offered by Klaytn’s DeFi protocols while maintaining a staking 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.
sKLAY adheres to the KCT (Klaytn Compatible Token) standard, making transactions possible. This increases 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 essentially has the same value as corresponding KLAY, sKLAY acquired through staking KLAY may have a different price at time of trading. This is 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.
Considering KLAY’s value and volatility, sKLAY is a standout, reliable source of liquidity in the Klaytn network in terms of asset value. It particularly is of immense value to users who have been staking KLAY. With sKLAY, these users can take advantage of a variety of investment opportunities offered by DeFi services by additional asset input or liquidation of staked assets.