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Cryptocurrencies: 22829
Exchanges: 117
Market Cap: $$3.58T
24h Vol: $155.45B
Dominance: BTC: 57.8% ETH: 11.1%
ETH Gas: 29 Gwei
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KLAY token holders can freely delegate KLAY tokens to the Clayton Governing Council through the Clay Station operated by Ozis. After delegation, users will receive SKLAY (staked KLAY liquidation token). SKLAY tokens provide a way for users to secure their status while enjoying additional earning opportunities. SKLAY complies with the KCT standard and can be traded. Also, you can revoke authorization at any time without waiting for 7 days (cancellation period of KLAY token). Therefore, if users want to withdraw their KLAY delegation, they can return their SKLAY to Clay Station and receive the delegated KLAY tokens and accrued interest.