[Blockchain Today Reporter Park Yohan] The Olympus DAO fork project, which provides an annual interest rate of 8,275%, has also been launched in the Klaytn ecosystem. Kronos DAO is the first decentralized ready currency protocol in the Klaytn ecosystem.
As soon as Kronos Dao was launched on November 18, the token KRNO of Kronos Dao soared more than 360 times. In addition, just two days after launch, it has partnered with Kokoa Finance, the pioneering DeFi and stablecoin platform of Kakao-based blockchain KLAY.
The reason Kronos Dao is creating such a big topic is because it is a project that forked Olympus Dao, which is receiving a lot of attention by providing an annual interest rate of 8,275% in the Ethereum ecosystem. Therefore, Kronos Dao is a hot topic because it can be traded at a higher annual interest rate and cheaper gas cost than Olympus Dao.
In addition, unlike the Olympus Dao, the Kronos Dao provides higher usability to Korean users. You can use the service easily by connecting the Kaikas wallet provided by Klaytn developer Ground X and the Clip wallet installed in KakaoTalk.
Kronos Dao aims to become a key driving force for the development of the Klaytn ecosystem by creating a non-fixed reserve currency called KRNO. It functions as a currency that can maintain purchasing power regardless of market volatility and becomes the infrastructure of a decentralized community to serve as an infrastructure for the Klaytn Network It will attract more community participation in building a sustainable ecosystem in
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