Blockchain-based entertainment NFT project SOBA said it has recently applied a token airdrop of a new DeFi liquidity pool launched in KLAYswap.

SOBA created a KLAY/KSOBA pair on KLAYswap, a KLAYTN-based platform, on the 6th, and completed the application of the airdrop of KSOBA tokens around 1:30 p.m. on the 17th. As of the time of token airdrop application, the APY of the pool was 1,170%.

In order to participate in the KLAY/KSOBA pool, you must first swap tokens between chains through Orbit Bridge. This is because KLAYswap is a platform that runs on the Klaytn chain. Liquidity providers must swap ERC20-based SOBA tokens with Klaytn-based KSOBA.

SOBA is an NFT platform designed as an alternative platform for existing vertical and closed streaming services. In the existing streaming service, music was just popular content for consumption, and there was no channel for fans and musicians to communicate. However, in the SOBA platform, music serves as a medium for musicians and fans to meet more directly. This is because each sound source NFT reflects the musician's creative intention and is released as a limited edition reflecting various needs of fans. Fans can select, play, and also keep sound source NFTs that suit their individuality.