On August 21, Korean cryptocurrency community, Cobak, announced that it will enter the DeFi market. Its first DeFi product utilizes dKargo (DKA) tokens, which was recently listed on the Upbit exchange.
dKargo is a next-generation blockchain-based logistics data platform that pays compensation through its own token DKA, which can be useD as a method of payment. dKargo has major partners such as Deleo Korea, a global logistics platform, and Kakao Pay delivery.
Cobak’s DeFi product aims to deposit total of 3 million DKA tokens. All tokens raised through the product will be locked up for about 30 days, and interest will be provided at a monthly rate of 5% (60% per year).
Lee Min Joon, Director of Cobak said, “This DeFi deposit product is the first investment product Cobak is trying to challenge, and we are looking forward to the participation of many people as we prepared for real users to earn profits. We are pleased to bring good news to the dKargo community through cooperation with dKargo.”
번역: 김동우 기자
