Belt.fi
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  • Belt Finance Intro
  • Vision & Roadmap
  • Team
  • Understanding Belt
    • Understanding 3Tether
    • Understanding 4Belt
    • Understanding beltTokens (beltBTC, beltETH, beltBNB, beltHT, beltSKLAY)
    • Understanding Liquidity Pools
    • Understanding Multi-Strategy Vault Fees
  • Cross-Chain Belt
    • Klaytn on Belt
    • HECO Chain on Belt
    • Cross-Chain Swap
  • Tokenomics
    • BELT token
      • BELT Single Staking
    • Mining Distribution Rates
    • Managing BELT Supply
      • Buyback & Burn Policy
  • Security and Risks
    • Bug Bounty
  • FAQ
  • Contracts
    • Contracts overview
    • Contract operation & security
    • Contract deployed info
      • HECO Belt Contracts
      • KLAYTN Belt Contracts
    • SOOHO Audit
    • HAECHI Audit
    • HECO Audit (SOOHO)
    • Dedaub Audit
  • How-to Guides
    • Cross-chain Pool (3Tether)
    • Cross-chain Swap
    • Governance & Voting
    • How to use a Belt LP Staking Pool
    • Bridging BELT (BNB) to HBELT (HECO) through Orbit Bridge
    • Providing Liquidity on HECO Belt Finance
  • Official Links
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  1. Cross-Chain Belt

Klaytn on Belt

Belt is available on Klaytn! Read below for general details

PreviousUnderstanding Multi-Strategy Vault FeesNextHECO Chain on Belt

Last updated 2 years ago

An enterprise-grade, service-centric blockchain platform designed by Kakao’s global project team, Klaytn has been at the forefront of blockchain technology in South Korea, growing in the number of users and DeFi services available on the platform. As many of our users are already aware, the team behind Belt Finance is also behind the biggest DeFi service available on the Klaytn platform — KLAYswap. Suffice to say, we are more than familiar with the ecosystem and the resources available on Klaytn.

The BELT token is already actively in use on KLAYswap in its bridged form KBELT, and it was only logical for us to launch Belt.fi on Klaytn as to have our popular multi-strategy yield aggregator technology available on Klaytn. While Klaytn does not yet have many strategies for us to utilize in terms of yield optimization, we believe that this is the first of many meaningful steps to come in the future.

Here's a closer look at what Klaytn Belt entails.

KBELT

KBELT, bridged through Orbit Bridge, has already had significant liquidity and volume on the Klaytn network. Although this update will not include any BELT liquidity mining distribution, users will still be able to use and trade BELT on Klaytn by bridging it over via Orbit Bridge.

beltSKLAY

Staking KLAY can be a confusing process without many public options for staking nodes. On top of this, there is a wait time for unstaking, with withdrawals having to go through a 7 day unstaking period. This makes it hard for users to shift to and from different staking nodes to get the highest return on their KLAY tokens.

beltSKLAY takes away the headache and allows users to simply deposit into Belt Finance and have us do the work of getting the highest yield possible by automatically finding the best ratio to split your deposit into different nodes and getting rewards from all of them simultaneously.

As with other beltTokens, the value of beltSKLAY will increase over time as yield is added onto it from the strategy staking nodes. As with all KLAY staking, there will be a 7 day unstaking period for withdrawals. Once the 7-day unstaking period is finished, the withdrawn balance will be sent to your wallet. More details will be provided next week.

Klaytn Belt Finance Launch and UI overhaul: 6AM UTC, Tuesday, September 7, 2021

What’s coming next? Belt Finance v3.

As we announced, the next big update to Belt Finance, our v3, will include cross-chain swap functionality and cross-chain pools. This will allow for a true cross-chain protocol in which users will be able to go to any connected chain and get that chain’s best yield through Belt Finance’s Belt’s innovative multi-strategy yielding vault system.

The main feature of this Klaytn update is the beltSKLAY vault. Essentially, this is a multi-strategy vault for staking KLAY tokens, the native token of the Klaytn chain. beltSKLAY will have the same structure as the where deposits will be split over multiple strategies or staking nodes in this case.

kBELT contract address (Klaytn): 0xdfe180e288158231ffa5faf183eca3301344a51f
beltTokens on BSC and HECO
Read more about the cross-chain swap and how it will connect Klaytn to HECO and BSC here.