Klap is a decentralized, non-custodial lending and borrowing protocol that was built on Klaytn and modeled on Aave. Klap's Twitter Score is 6.0 out of 1000 as of August 2026, ranking #138,565 among 483,944 tracked accounts.
Klap operated as a money market on the Klaytn blockchain, allowing users to lend and borrow assets in a permissionless environment. It was the first project onboarded by Krew, a Klaytn-focused DeFi accelerator, and was formerly backed by Krust/Klaytn. The KLAP token launch was announced for July 25, 2022, with tokenomics distributing allocations across investors, developers, advisors, and a treasury, with portions also designated for Krust/Klaytn.
Klap encountered a significant security issue when ChainLight reported a deployer malfunction between December 2022 and February 2023 that left the KLAY oracle price fixed, a condition that enabled the accumulation of bad debt on the protocol. Klap has published 243 posts on the platform and has been mentioned by 10 accounts a total of 19 times.
Who follows Klap on X?
The accounts that follow Klap include 12 founders, 6 angel investors, 15 influencers and 2 VCs, among them CL, John Wang, cryptomaestro.hl, Nate Roth, Zon and Manifold.