Klaytn-based Decentralized Lending Protocol Klap Finance Live on Testnet

Klaytn-based decentralized lending protocol Klap Finance announced its testnet launch. Klap Finance aims to provide maximum liquidity utility to both borrowers and lenders. Depositors can deposit idle liquidity within Klap and gain a passive income, and borrowers can borrow both over-collateralized and one-block under-collateralized loans for their liquidity needs. Klap Finance said that the team will make notes of any wallet addresses who interact with the testnet faucet, and these addresses may receive awards.