[New Token] 1 KLEVA = 0.035 USDT - Does KLEVA Protocol community need to hold fast to its long-term goals?

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Despite a brief surge in the Ultimate Moving Average above $0.2 in mid-September 2022, KLEVA Protocol (KLEVA) struggled, falling steadily until the end of the year.

Declining price action aligns with the SuperTrend sell signal, implying potential continuation of the downtrend.

Despite turbulent markets, the KLEVA Protocol community needs to hold fast to its long-term goals.

Investing in KLEVA Protocol requires knowing your stuff about both the tech and the market.

About KLEVA Protocol (KLEVA)

KLEVA Protocol (KLEVA) is a DeFi protocol built on the Klaytn blockchain that specializes in leveraged yield farming. It essentially acts as an amplifier for liquidity layers in Decentralized Exchanges (DEXs) by integrating with farms and triggering an inflow of liquidity to both exchanges and the protocol itself, ultimately leading to a higher Total Value Locked (TVL) for the entire ecosystem.

Here's a breakdown of its key features:

• Leveraged Yield Farming: This allows users to borrow funds to increase their position in yield farms and potentially earn higher returns. However, it's crucial to remember that leverage amplifies both profits and losses, so it's important to use it cautiously.
• Lending Protocol: KLEVA serves as a platform where users can lend or borrow various cryptocurrencies. Lenders earn passive income on their deposited assets, while borrowers gain access to funds for yield farming.
• ibToken System: Users who deposit assets into the protocol receive interest-bearing tokens (ibTokens) that represent their deposited amount plus accrued interest. These ibTokens can be used for further investment or redeemed for the underlying asset.
• KLEVA Token: The native token of the protocol, KLEVA, plays a vital role in the ecosystem. It's used for governance, staking to earn rewards, and paying transaction fees.

Here's an image to help visualize the KLEVA Protocol ecosystem:

KLEVA Protocol recently underwent some significant changes, including:

• New Tokenomics: The token distribution and allocation were restructured to incentivize long-term holders and promote sustainable growth.
• KLEVA omni: A new, fully interoperable version of the KLEVA token was launched, enabling it to be used across multiple blockchains.
• KLEVA 2.0: The protocol transitioned to KLEVA 2.0, introducing a new vision and growth strategy focused on expanding the ecosystem and attracting more users.

Overall, KLEVA Protocol offers a unique approach to yield farming by enabling users to leverage their positions and potentially maximize their returns. However, it's important to understand the inherent risks associated with leverage before using the protocol.

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