FSN-Six Network "Decentralized Exchange Definix Launches Long-term Staking Pool Based on Klaytn"
[Asia Economy Reporter Jang Hyowon] Definix, a decentralized exchange (DEX) platform operated by Six Network, an affiliate of the comprehensive digital marketing company FSN, announced on the 29th the launch of a KLAYTN-based ‘Long-term staking pool’ and voting rights called ‘vFINIX’.
The company expects that Definix’s long-term staking pool, which divides asset deposit periods into 1 month, 3 months, and 1 year, will offer a more competitive annual percentage rate (APR) than existing systems, allowing users to anticipate higher returns.
When assets are staked in the long-term staking pool, voting rights called ‘vFINIX’ are also provided, enabling participation in decision-making. The ‘vFINIX,’ which is distributed differentially based on deposit period and amount, offers benefits such as governance participation within the platform and fee discounts. Definix plans to provide greater benefits to initial asset depositors by applying a 150% distribution rate of ‘FINIX’ for the first three weeks as part of the long-term staking pool launch event.
Lee Sangseok, CEO of FSN, stated, “The launch of the ‘Long-term staking pool’ and the ‘vFINIX’ voting system by Definix is significant as it lays the foundation for users to directly participate in governance.” He added, “As KLAYTN’s official DeFi partner, Definix will contribute not only to the expansion of the ‘FINIX’ LP token ecosystem but also to the broader growth of the KLAYTN ecosystem.”
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‘Definix’ is a blockchain-based P2P decentralized financial transaction platform launched earlier this year by Six Network. Definix, which surpassed a total value locked (TVL) of 80 billion KRW within two weeks of launch and is accelerating its growth mainly in the Asian DeFi market, is recognized as the second official partner of the KLAYTN DeFi project and plans to intensify its efforts in the NFT business going forward.
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