Ojis “Can participate in staking with KakaoTalk”

[팍스넷뉴스 원재연 기자] In the future, KakaoTalk users will be able to easily use Defi (Decentralized Finance) service. Ozys, a domestic blockchain technology company, plans to expand the Clayton ecosystem through cooperation with Klay-based services such as DeFi and KakaoTalk Clip.

◆ Interlocking with Clip and Clay Station, expected inflow of 210,000 clip users

Although the scale of the DeFi market has exceeded 11 trillion won, the reaction of domestic users is still lukewarm. The method of creating a virtual asset wallet by yourself, storing the private key, and connecting it to the DeFi service to participate is still unfamiliar to general users.

Ozis aims to reduce such inconvenience by linking KakaoTalk’s own virtual asset wallet clip and Clayton-based DeFi service, Klaystation. Park Tae-gyu, CEO(Photo)“By linking with Clip, the barriers to entry of blockchain-based services such as DeFi will be lowered,” he said.

Founded in 2018, Ozis is a blockchain technology company that developed the Decentralized Exchange (DEX) Allbit and the Interchain Orbitchain. As Clayton’s partner and node operator, it launched Clayton-based decentralized exchange Klay.exchange and staking service ClayStation. Clay Station provides an annual interest of 6.53% as a reward for staking (depositing) the virtual asset Clay developed by Kakao’s blockchain affiliate Ground X.

Ozis plans to link Clip and Clay Station through the App2App API released by Kakao on the 26th. CEO Park said, “The pre-test has already been completed and will be linked with the clip within this month.”

The existing Clay Station had to deposit clay by linking with Clayton’s web wallet Kaikas. However, Clip does not require users to manage it through the Key Management Service (KMS) developed by GroundX. Virtual assets can be used with just a simple password, eliminating the difficulties experienced by existing users.

CEO Park said, “In the case of Kaikas, you have to manage the seed stationery and private keys, but the clip is based on Kakao Talk, so this complicated process is not necessary. It will contribute to the introduction of the service.”

◆ Expand Clay Defi with SKLAY, increase the use of clay

POS (Proof-of-Stake)-based blockchains such as Clayton require a certain amount of tokens to be fixed on the network for security. This is called staking, and as a reward for this, a certain amount of interest, such as a reward, is provided to the depositor.

Clay Station has the same purpose. Through Clay Station, you will receive rewards for deposits by entrusting Clay to the nodes of Hashed and Ozis. There are also drawbacks. It takes 7 days to unstake (withdraw) the deposited virtual asset again. For this reason, there is a limit that the owner cannot use the virtual asset only for the staking period and for 7 days.

Ozis developed sKLAY to solve the inefficiency of staking and increase the use of clay. sKLAY is a proof of exercise of rights to clay deposits. You can deposit clay at Clay Station and withdraw sKLAY. Apart from the deposited and tied clay, sKLAY can be bought and sold directly on clay-based decentralized exchanges. If the owner of sKLAY is changed through a transaction or exchange, the deposited clay and the right to withdraw interest on it are transferred together.

CEO Park said, “Clay is basically set as a utility token, and it is liquidated so that it can be used and traded in more places.” You can consider application in the field,” he said.

However, it is a position that it is difficult to actively expand due to uncertain domestic regulations on DeFi. Even in the case of a decentralized exchange, which is a kind of DeFi, it has not yet been decided whether or not it will be included in the scope of the special law regulation that is to be implemented next year in Korea. CEO Park said, “As long as the regulations are allowed, we will carefully show one by one.”

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