Klayton Adds GoldStation and $GPC, Launches First Gold RWA DeFi Platform Outside Ethereum

• GoldStation, the first gold DeFi platform on the public mainnet outside of Ethereum, combines the low fees and latency of Clayton to offer more efficient gold investments via $GPC, a gold-pegged token backed by physical gold. Is 1:1.

• South Korean residents will be able to convert their physical gold holdings into NFTs through The Mining Club, then use the NFTs as collateral to mint $GPC. A global launch is planned for GoldStation.

• The Clayton Foundation and Kreider intend to expand beyond gold to mark more precious metals for domestic and global markets.

SINGAPORE, Jan. 2, 2024 /PRNewswire/ — The Klaytn Foundation, established to build and decentralize the ecosystem of Klaytn, South Korea’s leading Layer 1 blockchain, today announced that Klaytn Governance Council (GC) member CREDER has launched $GPC (Gold -Pegged) has been launched. Coin), a digital asset linked to the real-time market price of gold; and GoldStation, a decentralized finance (DeFi) platform for $GPC on Klaytn.

Klayton Adds GoldStation and $GPC, Launches First Gold RWA DeFi Platform Outside Ethereum

$GPC marks two firsts in the RWA tokenization industry – it is the first tokenized gold to be available on DeFi outside the Ethereum ecosystem, and is also the first gold-pegged token that does not charge percentage-based commissions for transactions. These two features allow $GPC to truly distribute the benefits of real-world asset tokenization, with Clayton’s low gas fees allowing individuals with smaller investment capital to eat up a significant portion of their investment without gas fees and reductions. Allows you to add gold to your portfolio without. Percentage-based fees ensure that trading gold on chain remains cost-effective, no matter what amount one wishes to transact.

GoldStation is also the first gold real-world asset (RWA) tokenized DeFi platform operated by a public mainnet other than Ethereum. It will launch its services on January 24, 2024, including $GPC staking and more. GoldStation will transform gold investments that traditionally rely only on market profits into DeFi interest revenue generation opportunities. Additionally, GoldStation will serve as an ultra-efficient and more profitable gold investment destination due to Klayton’s low transaction fees, high TPS capabilities, and support for the ERC-3643 token standard.

To create $GPC, users must first convert their gold assets into NFTs through The Mining Club, a platform powered by CREDER that creates unique digital copies of users’ actual gold assets using blockchain technology. Proves ownership. Once a user’s gold assets are registered as an NFT, they will be able to issue $GPC on GoldStation by placing their gold NFT as collateral. This entire physical gold to $GPC tokenization process can be easily completed with just a few clicks by connecting crypto wallets like Kakas, MetaMask and Kakao KLIP to their crypto wallets that support cryptocurrencies.

GoldStation is currently only available to South Korean residents, with a global launch planned in the future.

Ahead of the launch, the Clayton Foundation worked closely with CREDER, sharing its business network of key domestic and foreign partners while collaborating on regulatory compliance, platform optimization, and domestic and global marketing. Additionally, as Klaytn recently integrated support for the ERC-3643 token standard, the Klaytn Foundation and CREDER plan to broadly expand precious metals RWA tokenization beyond gold in the future.

“Gold NFTs and $GPC can be held on-chain by anyone through the Oracle Network’s Proof of Reserve (POR),” said James Lim, CEO of CREDER. “We are partnering with Klaytn based on the power of transparency.” Will create a new standard for RWA. And be confident that Web 3.0 finance will deliver.”

“We are very pleased that Clayton is the main network of choice for Creder’s GoldStation, the first gold RWA token DeFi platform outside the Ethereum ecosystem,” said Sam Seo, Representative Director of the Clayton Foundation. “The Klaytn Foundation has been working closely with CREDER’s careful preparation for $GPC and GoldStation. Moving forward, we will work closely with them to deliver more diverse metal RWA tokenization projects for domestic and global markets.”

About CREDER, the blockchain financial platform

Founded in 2022, CREDER (CEO James Im) is a digital transformation (DX) company operating Korea’s first 100% real gold-based RWA (Real World Asset) token business. It has developed a decentralized finance (DeFi) platform that can use gold NFTs and the issuance of tokens pegged to actual gold. CREDER is currently the Governance Council (hereinafter referred to as GC) of Klaytn, Korea’s leading global Layer 1 blockchain platform. More information about CREDER can be found at https://www.creder.biz.

About Clayton Foundation

The Klaytn Foundation was founded in 2020 to expand the ecosystem of Klaytn, a global Layer 1 blockchain platform, and has since been actively collaborating with its Governance Council members around the world. The Klaytn Foundation facilitates the adoption and development of new technologies to ensure that Klaytn fulfills its role as an open, trusted, and sustainable blockchain platform for developers and users. It also facilitates decision making to ensure that the ecosystem continues to expand optimally in the rapidly changing blockchain landscape. In line with its long-term governance roadmap, the Clayton Foundation plans to fully implement the decentralization phase of the Clayton blockchain in 2023 and beyond.

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Source Clayton Foundation

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