#WEMIX #KROME #Klaytn #stablecoin #blockchain
- Strategic investment in Klaytn-based stablecoin project KROME
- Project aims to deliver both security and efficiency
Wemade announced a strategic investment in Klaytn-based stablecoin project, KROME.
Within the Klaytn ecosystem, stablecoins are currently limited to collateralized and algorithmic stablecoins.
Collateralized stablecoins function by issuing an equal amount of stablecoins as the deposited collateral value, while algorithmic stablecoins maintain a steady value by constantly adjusting the supply based on demand.
KROME’s stablecoin, USDK, packages the security and efficiency from collateralized and algorithmic stablecoins into a hybrid model, which adjusts the collateral ratio based on market demand.
In addition, KROME will actively seek partnerships with multiple Klaytn-based DeFi projects to broaden the adoption and use case for USDK.
“Including DeFi, the future potential for the blockchain industry is immense,” said Henry Chang, CEO of Wemade. “We will foster synergies in diverse fields by collaborating with promising blockchain projects.”
[Korean Articles]
About WEMIX
WEMIX is Blockchain Gaming Platform developed by Wemade Tree Pte. Ltd, providing services including Cryptocurrency Wallet, Token Exchange, Game Item Trade and Game Gateway. Wemade Tree Pte. Ltd is subsidiary of Wemade, the Developer and Owner of “The Legend of Mir” IP, highly successful game with over 500 Million users.
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