KLEVA Protocol is the first DeFi protocol on Klaytn focused on Leveraged Yield Farming. KLEVA leverages the liquidity layers found in Decentralized Exchanges, acting as an amplifier for these markets. As a participant, you can get involved in three ways:

Participate as a Lender. Lending works similarly to placing funds in a savings account. Unlike traditional banks, Lenders can withdraw and deposit assets freely while still receiving interest-bearing benefits. After supplying assets to the Lending Pool, Lenders receive secure, steady returns (Lending Interest) represented by their deposited tokensParticipate as a Farmer. If you want to run yield farming strategies across multiple DEXs, you can borrow assets from different Lending Pools. This enables you to create a Leveraged Farming Position that can generate multiple yields. Keep in mind that as your position size increases, so does the risk exposure, including impermanent loss, liquidation risk, and moreParticipate as a Staker. When assets are deposited into the Lending Pool, Lenders receive ibTokens to represent the amount supplied. Lenders can then stake their ibTokens in the Staking Pool to earn extra KLEVA rewards.