The Klaytn Foundation, dedicated to advancing South Korea’s prominent Layer 1 blockchain, Klaytn, revealed today that its Governance Council (GC) participant, CREDER, has introduced $GPC (Gold-Pegged Coin) to be available on DeFi outside of the Ethereum ecosystem.
This gold-pegged coin is tied to the current real-time value of gold. Additionally, CREDER has also launched Goldstation, a decentralized finance (DeFi) platform tailored for $GPC, within the Klaytn ecosystem.
Notably, $GPC is the pioneering tokenized gold asset that doesn’t impose transaction fees based on percentages, as highlighted by Klaytn.
Furthermore, Klaytn emphasized that users of $GPC will enjoy the advantage of the platform’s minimal gas fees, enabling them to make smaller-scale investments in gold.
Eliminating percentage-based fees also enhances the affordability and efficiency of trading gold-backed tokens within the DeFi ecosystem, as per Klaytn’s insights.
Goldstation is set to launch its services, including the option to stake $GPC, on January 24. Initially, the platform will cater to the needs of South Korean users, but it has ambitions to expand its reach worldwide at a later stage.
The Klaytn blockchain has broadened its applications to include decentralized finance (DeFi), the tokenization of real-world assets, and participation in the Bank of Korea’s central bank digital currency (CBDC) pilot initiative.
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