KLEVA Protocol PriceKLEVAInactive

What is KLEVA Protocol (KLEVA)?

KLEVA Protocol (KLEVA) is a decentralised finance (DeFi) protocol built on the KAIA blockchain, formerly known as Klaytn. It specialises in leveraged yield farming, a strategy where users borrow funds to amplify their positions and earn higher yields. The protocol functions as a lending platform that connects lenders and farmers, creating an ecosystem where farmers maximise returns and lenders earn passive income. Unlike traditional lending platforms that require over-collateralisation, KLEVA Protocol permits under-collateralised loans, enhancing capital efficiency and resulting in higher annual percentage yields (APYs) for both farmers and lenders. The protocol integrates with decentralised exchange (DEX) liquidity layers and acts as an amplifier for these exchanges, driving liquidity inflow and increasing total value locked (TVL) across the ecosystem. KLEVA also positions itself as a DeFAI platform, offering AI agent-driven financial services. The KLEVA token is the core utility token of the platform, created at a rate of 1.33 tokens per block, with a sliding emission model. According to CoinMarketCap, the total and circulating supply stand at approximately 68.91 million KLEVA. The project launched on Dec. 27, 2021, and has since undergone emission reduction events, with tokens minted per block decreasing by 10% monthly starting from Block Number 143750458, reducing the maximum supply to almost half.

Key Specifications & Tokenomics

• Name: KLEVA Protocol
• Ticker / Symbol: KLEVA
• Blockchain / Built on: KAIA (formerly Klaytn)
• Token Standard: ERC20
• Smart Contract Address: 0x5fff3a6c16c2208103f318f4713d4d90601a7313
• Decimals: 18
• Explorer: kaiascan.io
• Official Website: https://www.kleva.io/
• Launch Date: Dec. 27, 2021
• Category: DeFi, Leveraged Yield Farming, DeFAI, AI & Big Data
• CertiK Rating: 3.3
• Total Supply: 68.91M KLEVA (CoinMarketCap)
• Circulating Supply: 68.91M KLEVA (CoinMarketCap)
• Max Supply: 95.35M KLEVA (Crypto.com)
• Minting / Emission: 1.33 tokens per block, sliding model
• Emission Reduction: 10% monthly decrease from Block Number 143750458

Who created KLEVA Protocol?

The KLEVA Protocol team consists of three entities, each contributing distinct strengths. WEMIX, a subsidiary of Wemade, a KOSDAQ-listed company in Korea, provides various blockchain services including the WEMIX blockchain platform, cryptocurrency wallet, decentralised exchange, and NFT marketplace. SOOHO specialises in blockchain security reinforcement, offering smart contract development engines to help users build and maintain secure environments for blockchain applications. The accumulated value of secured assets through SOOHO has surpassed $3 billion, including the detection of more than 170,000 vulnerability points. Birk O'Sully focuses on developing Web 3 protocols, covering everything from design to actual product development. Each member brings professional experience from crypto exchanges, blockchain platform development, and crypto funds. The team currently focuses on developing and operating products across various blockchain protocols. Detailed public information about individual team members is currently limited.

How does KLEVA Protocol work?

KLEVA Protocol operates as a lending protocol that enables leveraged yield farming on the KAIA blockchain. In this system, lenders provide assets to the protocol, which are then borrowed by farmers seeking to amplify their yield farming positions. Unlike conventional lending platforms that enforce over-collateralisation, KLEVA Protocol permits under-collateralised loans, allowing farmers to borrow more than they put up as collateral. This enhances capital efficiency and enables higher APYs for both farmers and lenders. The protocol integrates with DEX liquidity layers and acts as an amplifier for these exchanges, triggering an inflow of liquidity to both exchanges and the protocol, leading to a higher TVL for the entire ecosystem. Leveraged yield farming involves multiple tactics, including lending a single asset, position hedging, and taking long or short positions with pair assets. The protocol also implements a DAO governance model that gives users the power of governance. Additionally, KLEVA Protocol leverages the Ethereum blockchain's security infrastructure and has partnered with Hacken to create a safe and ethical Web 3 environment.

What makes KLEVA Protocol unique and valuable?

KLEVA Protocol distinguishes itself through its support for under-collateralised loans, a feature that contrasts with the over-collateralisation policies of most lending platforms. This approach enhances capital efficiency, resulting in higher APYs for farmers and lenders alike. The protocol acts as an amplifier for DEXs by integrating with their liquidity layers and farms, driving liquidity inflow and increasing TVL for the entire ecosystem. KLEVA Protocol also positions itself as a DeFAI platform, offering AI agent-driven financial services that are secure, seamless, and user-friendly. The protocol implements a DAO governance model, giving users the power of governance. Security is a priority, with a CertiK rating of 3.3 and a partnership with Hacken to promote safety and ethics in Web 3. The team comprises three experienced entities — WEMIX, SOOHO, and Birk O'Sully — each bringing specialised expertise in blockchain services, security, and protocol development. The protocol's emission reduction mechanism, which decreases tokens minted per block by 10% monthly from Block Number 143750458, aims to reduce the maximum supply to almost half, potentially supporting long-term token value.

What is KLEVA used for?

KLEVA is the platform's core utility token, providing access to services and various benefits within the KLEVA Protocol ecosystem. It serves the purpose of capturing the economic incentives of KLEVA Protocol. Token holders can participate in the protocol's DAO governance model, giving them the power to influence decisions related to the platform's development and operations. The token is also used in the leveraged yield farming and lending activities on the platform, where farmers borrow funds to amplify their positions and lenders earn passive income. KLEVA tokens are created at a rate of 1.33 tokens per block, with a sliding emission model that adjusts the rate over time. The token is available for trading on various venues, including centralised exchanges and decentralised swap products. Additionally, KLEVA is integrated with the WEMIX Wallet, allowing users to manage their tokens within that ecosystem. The KLEVA team continuously publishes educational materials on KLEVA Medium to aid understanding of DeFi and the protocol's functionalities.

How Is the KLEVA Protocol ecosystem developing?

The KLEVA Protocol ecosystem is centred on leveraged yield farming, under-collateralised lending, and yield farming or liquidity mining. The protocol integrates with DEX liquidity layers and acts as an amplifier for these exchanges, driving liquidity inflow and increasing TVL across the ecosystem. It also implements a DAO governance model, giving users the power of governance. KLEVA Protocol has expanded into the DeFAI space, offering AI agent-driven financial services. The protocol is integrated with the WEMIX Wallet, and the KLEVA team continuously publishes educational materials on KLEVA Medium. The project launched on Dec. 27, 2021, and has since undergone emission reduction events. However, the ecosystem has faced challenges, with CoinLore noting that the coin appears to be inactive and has not received price data since March 6, 2026, suggesting it may have been delisted, abandoned, or paused. Delta.app also notes low liquidity or trading activity. These factors indicate that the ecosystem's development may have stalled or slowed significantly in recent periods.

How to mine KLEVA?

KLEVA is not mined through traditional proof-of-work mechanisms. Instead, KLEVA tokens are created through a minting process at a rate of 1.33 tokens per block. The minting logic follows a sliding model in which the emission rate changes over time. Starting from Block Number 143750458, KLEVA tokens minted per block are decreased by 10% monthly, reducing the maximum supply to almost half. The supply of KLEVA depends on the block rate. Users can earn KLEVA by participating in the protocol's yield farming and liquidity mining activities, where farmers borrow funds to amplify their positions and lenders earn passive income by lending their assets. The protocol's leveraged yield farming mechanism allows users to earn yields through various tactics, including lending a single asset, position hedging, and taking long or short positions with pair assets. Additionally, users can participate in the DAO governance model to influence the platform's direction.

How to keep your KLEVA Coin safe?

To keep your KLEVA tokens safe, use reputable wallets that support ERC20 tokens and the KAIA blockchain. The WEMIX Wallet is integrated with KLEVA Protocol, providing a secure option for managing your tokens. Always verify the smart contract address (0x5fff3a6c16c2208103f318f4713d4d90601a7313) when interacting with the token to avoid phishing scams. Store your private keys securely and never share them with anyone. Consider using hardware wallets for long-term storage of significant amounts. Enable two-factor authentication where available. Stay informed about the protocol's security updates, including its CertiK rating of 3.3 and its partnership with Hacken for Web 3 safety and ethics. Be cautious of low liquidity and trading activity, as noted by Delta.app, and verify the latest status of the project, given CoinLore's warning that the coin appears to be inactive since March 6, 2026. Always conduct your own research before interacting with any DeFi protocol or token.