Protocol structure

Participating Members

Stakers

• Refers to users or corporate customers who have staked tokens (KLAY, KLY, etc.) that support trading on Stake.ly.

• Stakers receive 80% of the rewards generated by the protocol as staking rewards

GC Validators

• Validators are the entity that provides blockchain nodes to Stake.ly and receives 10% of the rewards generated by the protocol.

DAO Governance participants

• Refers to users who hold KLY, the governance token of Stake.ly.

• Participate in the Decentralized Autonomous Organization (DAO) and become a member of Stake.ly Governance, exercising decision-making power in determining the overall operation of the protocol.

Token Information

stKLAY

• stKLAY is a liquid stake token provided when KLAY is staked, and the exchange rate with KLAY is 1:1.

• If you use stKLAY for additional money Lego activities such as depositing a pair, you can generate additional earnings.

KLY

• KLY is a governance token of Stake.ly and the total issuance is limited to 100 million.

• Users holding KLY can exercise their decision-making rights by participating in the governance of Stakely through a decentralized autonomous organization (DAO).

stKLY

• Token given when KLY is staked and exchanged 1:1 with KLY.

• KLY stakers receive a portion of the total protocol rewards as governance rewards.