(EN) Klaytn x Finschia Merger to Kaia

Source: Klaytn Foundation's Medium

On 15 February, the Klaytn<>Finschia Mainnet Merge Proposal (KGP-25), jointly initiated by Klaytn Foundation and Finschia Foundation, was passed with the approval of holders and governance members, enabling the two foundations to build Asia’s largest Web3 ecosystem with the planned launch of a unified mainnet.

The proposed chain merge aims to integrate the respective technologies, services, and business capabilities of Finschia and Klaytn, positioning them as Asia’s leading and most competitive blockchain.

NEOPIN, the top DeFi platform on both mainnets, is committed to maintaining its status as the best DeFi in the Kaia network and, beyond that, to becoming the best DeFi in Asia.

On August 19, the Kaia Foundation announced its mainnet launch plan following its establishment on August 16. (Reference)

NEOPIN plans to operate services accordingly for related products, including FNSA staking, nFNSA pools, and the migration from nFNSA to KAIA, as outlined below:

Date	NEOPIN Service Update
23. 08. 24	Suspension of new FNSA staking on NEOPIN * Unstaking and reward claim will remain available
26. 08. 24	FNSA staking rewards are no longer generated and membership to be terminated on FNSA staking. * Unstaking waiting time will be changed from 7 days to 1 hour
29. 08. 24	Finschia Bridge to be terminated and renewed to nFNSA to KAIA Swap * nFNSA holders can directly swap to KAIA on NEOPIN. Termination of nFNSA Swap Pools (nFNSA-NPT, nFNSA-KLAY) * Withdrawals and reward claim will remain available. KAIA Staking Event Begins

Stay tuned for more exciting announcement!