KSP to Fiat Converter

KLAYswap: An On-Chain Instant Swap Protocol

KLAYswap is an on-chain instant swap protocol powered by an automated market-making (AMM) liquidity pool. It enables users holding KLAY or KCT-type tokens to become liquidity providers and earn transaction fee rewards. The platform also supports cross-chain functionality, allowing Ethereum-based tokens (such as ETH, ORC, DAI, and WBTC) to be bridged to the Klaytn ecosystem via Orbit Bridge, a transparent IBC bridge built on Orbit Chain. This integration facilitates yield farming with asset pairings not previously connected in decentralized finance.

### The KSP Governance Token

KSP serves as the governance token for KLAYswap, granting holders the authority to participate in protocol decisions. Responsibilities include setting fees, determining mining distributions, and approving contract updates. Additionally, KSP is required to create new liquidity pools—users must pay a pool contract creation fee in KSP when adding a new KCT token pair.

### KSP Distribution Mechanism

KSP tokens are exclusively distributed through liquidity mining. Rewards are allocated proportionally to liquidity providers based on their contribution to each pool. This structure ensures that KSP remains decentralized and accessible to active participants in the KLAYswap ecosystem.