Kokoa Finance's $2.3 million fund, led by Hashed, has completed successfully. Furthermore, the funds will be used to construct Klaytn DeFi. This will be utilised to create the Kokoa Stable Dollar (KSD) stablecoin system, which will be similar in architecture to EtherLedger's DAI system. Borrowers will no longer be forced to pay interest for producing stablecoins if they use Kokoa's collateralized vault model. The mechanism allows KSD to borrow money at no interest.