KLEVA Protocol is the first DeFi protocol in Klaytn to specialize in Leveraged Yield Farming. KLEVA takes advantage of the liquidity layers in Decentralized Exchanges and acts as the amplifier for these exchanges. As a participant, you can participate in three ways:

Participate as a Lender. Participating as a Lender is just like opening a savings account. However, unlike conventional banks, Lenders can freely withdraw and deposit assets and still enjoy interest-bearing features. By depositing assets into the Lending Pool, Lenders earn safe, stable returns (Lending Interest) in the form of their deposited tokensParticipate as a Farmer. Farmers who wish to participate in yield farming from various DEXs can borrow assets from various Lending Pools. This allows them to open a Leveraged Farming Position, earning multiple yields. However, Farmers must note that as their positions get bigger, they are also exposed to higher risks, including impermanent loss, liquidation risks and so on and so forthParticipate as a Staker. By depositing assets into the Lending Pool, Lenders earn ibTokens, which are used to keep track of the assets they supplied. Lenders can stake their ibTokens into the Staking Pool and earn additional KLEVA rewards.