The De-Fi platform TOM.FINANCE applied the compensation of the KlaySwap KTOM/KLAY pool as of 2PM on the 9th (Thursday), and the APY is about 1,000% at the time of application.

Tom Finance created a liquidity pool on KlaySwap on the 24th of last month, and has been preparing to enter into partnerships and set up smart contracts to reward participants who provide liquidity.

In the KTOM/KLAY pool applied on the 9th, two crypto assets are applied as rewards: KTOM and KCBANK. In general, rewards on the DeFi platform are usually applied to a single asset. However, in the case of Tom Finance, the compensation plan has been strengthened as CRYPTO BANK, a crypto-total financial solution, participates as a DeFi incubator.

On the other hand, in order to participate in the liquidity supply and compensation plan for the KTOM/KLAY pool, you must first swap the existing Ethereum (ERC20) TOM token with the Klaytn (KLAYTN) KTOM through ORBIT BRIDGE.

The Tom Finance team expects that the DeFi ecosystem can be further strengthened through the two chains, which will provide an opportunity for all domestic and foreign users to more easily access crypto assets beyond the closed liquidity supply structure of the existing centralized exchange.