KyberSwap is a decentralized exchange aggregator that launched its service in 2018. Formerly known as Dynamic Market Maker (DMM), it is now fully rebranded to KyberSwap, offering multi-chain crypto trading.
Hundreds of new tokens are emerging every day as cryptocurrencies are adopted worldwide right next door. Many users find it very difficult to exchange tokens to get and exchange new tokens. Most top-tier crypto exchanges have complex UIs, KYC requirements, and high fees.
But what if there is a platform where anyone can exchange and earn tokens at the highest rates without the hassle of KYC or signing up? Take a look at KyberSwap, an all-in-one decentralized automated market maker. On this platform, you can maximize your liquidity provider’s profits in exchange for the highest token prices.
In a nutshell, Kyber Swap
KyberSwap is typically a DEX aggregator and liquidity protocol. The overall vision of the platform is to provide traders with a seamless token exchange experience. On top of that, it also focuses on maximizing the profitability of liquidity providers.
This platform was formerly known as Kyber’s DMM protocol. The rebranding represents an initiative to provide a dedicated DEX platform. KyberSwap leverages dynamic trade routing technology to inject liquidity from multiple DEXs. This technology also helps identify the best deals for users.
The platform includes $ 24 billion TVL from over 60 different DEXs. Supports up to 11 chains and over 20,000 tokens on the platform. KyberSwap has also won the trust of its users. This is clear from the $ 7.95 billion transaction volume so far.
What does KyberSwap bring to the table?
KyberSwap is dedicated to providing the best experience for users in order to exchange tokens and win interest. In addition, the team is focused on providing the best user experience. The platform focuses not only on traders, but also on liquidity providers and developers.
It provides a seamless experience with access to thousands of tokens. The platform leverages dynamic transaction routing capabilities to help identify the best price for each transaction without restrictions.
Aggregate liquidity from various DEXs across 11 chains such as QuickSwap, Pancakeswap, Traderjoe and Pangolin. Such. It ensures that traders are offered at the highest rates.
For liquidity providers
This platform allows liquidity providers to earn more rewards and fees for tokens deposited in the pool. It also offers many favorable yields of agricultural opportunities compared to competitors.
Compared to other AMMDEX, each pool may have an amplification (AMP) factor. This AMP factor is set by the creator of the pool. This allows anyone to create a pool in KyberSwap. Liquidity providers can also improve liquidity and slippage with the same deposit amount.
You can integrate KyberSwap into Dapps to give your users access to the deepest liquidity and the best swap prices. Any Dapp or DEX aggregator can participate.
KyberSwap is already built into Coin98 Wallet, DEXTools, Kattana Trade, and other major aggregators such as 1inch, Paraswap, Matcha, and Slingshot.
The entire KyberSwap process is reliable and secure. Thanks to Chainsecurity and Unslashed for regularly auditing the platform to increase user confidence. This platform is also available for reviews on Github.
In addition, there are many features that provide benefits to users. For example:
1. Deposit a single token into the liquidity pool (deposit one token instead of two)
2. Automatically synthesize rewards to minimize effort and maximize revenue
3. Anti-sniping feature that protects user returns from bots trying to quickly enter and exit the liquidity pool just before a large transaction occurs.
KNC is a utility token that fuels Kyber Network and Kyber Swap. Token holders can bet and vote on tokens and be sure to receive a portion of the transaction fee from KyberSwap.
In addition, the popular KNC tokens are also used as native tokens for many KyberSwap trading competitions, liquidity mining campaigns and more.
- Ticker: KNC
- Token standard: ERC-20
- Total supply: 177,809,350
- Already tradeable in over 100 markets
KyberSwap Goals and 5th Anniversary
KyberSwap’s goal is to set it apart from the competition, with easy, easy, rewarding and secure access to all DeFi for all users. The platform promises to continually improve the aggregation algorithm to ensure that the highest swap rate is provided to the user.
The platform also aims to increase the availability of token pairs in collaboration with various projects. We have also partnered with Polygon, Avalanche, Fantom, NEAR and Cronos to increase liquidity.
What awaits you for the 5th anniversary of the Kyber Network? More integrations and product upgrades are planned, according to the team. Excitingly, their DAO also voted to use 23.7M KNC tokens for trading, liquidity mining, anniversary rewards, and returns to DAO holders.
KyberSwap has a solid customer base, as evidenced by its $ 7.95 billion transaction volume to date. The platform has a total of over $ 24 billion locked from over 60 DEXs. Supports over 20,000 token swapping on 11 different chains.
The platform also has new features, including an upgraded aggregation algorithm. With a simple and hassle-free user experience, it has grown tremendously over the years. Most importantly, it’s a reliable platform where you can use DeFi with confidence.
The platform’s smart contracts will be audited and KyberSwap will be insured. There is also a strong bounty program in place. As a company, Kyber Network has a public team and five-year blockchain record with excellent technical execution, zero hacking, and allegations of fraud. KyberSwap may be a reliable place for a seamless and private trading experience.
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