What Is Kanpeki?
Kanpeki Coin is an incentivized, non-custodial, individualized, fixed-rate borrowing and lending platform. While there are many lending platforms today, there is an important difference: all interest rates are fixed, unchanging, user chosen — i.e. not set by any algorithm — and not annualized. There is no concept of “apy” or “apr”.
Depositors — i.e. lenders — deposit their tokens into one or more vaults after choosing a fixed interest rate they want. Dependent on the activity in the vault they deposited, they will eventually be able to withdraw, or redeposit, exactly this percent rate of interest. The more active the vault, the faster the interest is earned. On the other side, borrowers borrow from these vaults for a fixed duration at a fixed interest of their choosing.
Kanpeki Coin Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Kanpeki Coin |
| Short Name | KAE |
| Circulating Supply | |
| Total Supply | 50,000,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Interest
The interest is always paid in full regardless of when it is repaid. However, for every debt a borrower repays, the borrower is eligible to mint an amount of Kanpeki (KAE) tokens proportional to the value of their repaid debt and interest rate on it. Simply, the higher the interest rate and duration, the higher the KAE reward, even exceeding the value of the interest paid if choosing higher interest rates and durations.
Borrowing
A borrowing-incentivized platform. Like depositors earn interest, every time a borrower repays their debt, they’re eligible to mint an amount of KAE tokens proportional to the value of the repaid debt and interest rate on it. The higher the interest rate and duration of the debt, the higher the reward.
Borrowers borrow from vaults. However, while you can simultaneously deposit and borrow, depositing in Kanpeki Coin is NOT equivalent to “supplying” in other platforms. Depositing and borrowing are separate actions. Your deposit cannot be used as collateral when trying to borrow from a token vault. If you simply want to borrow, you do not and should not deposit first.
Main Reward
The remaining 66% of the total allocated reward starts to release as soon as the immediate reward is claimed. The release period is 45 or 90 days, dependent on:
- the duration of the debt — is it less than 26 days?
- how fast the debt was repaid relative to its duration — has at least 90% of the debt’s duration elapsed?
- if you were staking when you took out the debt, if you still are, and whether the debt’s duration was less than 27 days if you were staking at the time
Depositing
Kanpeki primary offering is fixed interest rates. Depositors (lenders) deposit their tokens in order to earn fixed, non- apr/apy interest. In deposits are “individualized” meaning that regardless of how much some other user deposits or the interest rate they chose, it doesn’t affect any other depositor’s interest rate.
How much interest do I earn?
The interest you can earn from a vault on your deposit is the exact interest rate on the amount you deposited. You cannot earn more than this amount regardless of how much interest is available to be claimed. To increase this, you can increase your interest rate but note that only depositors staking KAE can increase their interest rates above 3%.
Where other platforms, being “share” based, encourage large, singular deposits from individual depositors, Kanpeki Coin encourages many, small-to-medium deposits from individual depositors.
Withdraw my deposit liquidity
You can only withdraw if there’s enough liquidity in the vault. Your ability to withdraw isn’t affected by the interest available though, as stated earlier, you can only claim the interest that exists.
Especially Kanpeki in cases where there’s low liquidity, you can withdraw a part of your total deposit rather than the full amount provided there’s enough liquidity for that amount. Just like with full withdrawals, the proportional interest claimable for the amount that is withdrawn is sent to your wallet in the same transaction.
