Check out Kyber Network, a multi-chain crypto trading and liquidity center. Kyber connects liquidity from different sources to enable transactions at the best possible rates for traders, while allowing liquidity providers to maximize their earnings through capital efficiency.
The origins and course of the protocol
Founded in 2017, Kyber Network has offices in Singapore and Vietnam, and its team has a global presence.
Kyber Network is a growing pioneer within the DeFi space, having developed one of the first decentralized exchanges (DEX) with Ethereum co-founder himself, Vitalik Buterin, as an advisor. The Kyber team then continued its innovation momentum by launching the WBTC (Wrapped Bitcoin).
WBTC is the most popular ERC20 version of Bitcoin today. The team is also hard at work developing amplified liquidity pools on the KyberSwap platform to ensure capital efficiency for any token pair.
Kyber Network has grown exponentially and is thus part of the pioneering batch of DAO/DeFi Alliance mentors.
Through its DEX (decentralized exchange) aggregator and KyberSwap.com liquidity protocol, Kyber Network connects liquidity from different sources to enable instant token exchange at the best rates and returns for liquidity providers.
Kyber Network aims to become the preferred liquidity center for the decentralized economy and community; a place where any user, trader or application can easily access the necessary tokens for their liquidity needs.
Kyber Network is committed to expanding its presence and developing protocols that enable a convenient and secure exchange of value within decentralized finance, as well as other areas.
KyberSwap disrupts DeFi
Decentralized finance (DeFi) needs decentralized liquidity, and this is where KyberSwap.com excels. As Kyber’s flagship DEX aggregator and liquidity protocol, KyberSwap has the potential to be the key infrastructure that provides the liquidity needed to run the entire dApp ecosystem.
KyberSwap intends to revolutionize the DeFi space and build a world where any token can be used everywhere, at the best rates.
More than 100 projects have integrated KyberSwap and more than $7 billion in transactions for thousands of users have been made since its inception. KyberSwap is currently deployed on 11 chains, including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Velas, Aurora, Oasis, and BitTorrent.
Solve industry problems
Kyber provides a solution to the perennial liquidity problem in the decentralized finance (DeFi) industry, allowing developers to build products and services without having to worry about liquidity for their various needs.
- For Traders: KyberSwap aggregates liquidity, automatically searching multiple DEXs to identify and select the optimal trade routes and prices for users. KyberSwap improves trading efficiency and saves time and money for thousands of users.
The protocol sources liquidity from over 60 different DEXs including Uniswap, Sushi, Curve, QuickSwap, Pancakeswap, Traderjoe, Pangolin, SpookySwap, SpiritSwap, VVS Finance and many more to get the best rates for traders on supported channels.
As a bonus, KyberSwap users can find the tokens in “Trending” and “Trending Soon” status. The tokens displayed under the Trending tab of the platform are based on current trending data that has been collected from major data aggregators CoinGecko and CoinMarket. The tokens displayed in the Trending Soon section are detected based on Kyber Network’s trend detection algorithm. This algorithm uses trading volume, price, market capitalization and other on-chain data to display its final results.
- For Liquidity Providers: KyberSwap allows anyone to deposit tokens and use their capital efficiently, earning commissions over time. This is possible due to KyberSwap’s amplified liquidity pools, which significantly improve capital efficiency and reduce trade slippage. KyberSwap is able to meet the needs of different liquidity providers and market makers.
Liquidity providers benefit from improved capital efficiency as well as better rates.
