Providing a Seamless Trading and Earning Experience in DeFi

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Kyber­Swap is a decen­tral­ized exchange aggre­ga­tor that began pro­vid­ing its ser­vices in 2018. Ear­li­er known as the Dynam­ic Mar­ket Mak­er (DMM), it is now whol­ly rebrand­ed to Kyber­Swap, pro­vid­ing mul­ti-chain cryp­to trading.

With the glob­al adop­tion of cryp­tocur­ren­cies right next door, hun­dreds of new tokens pop up every day. Many users find it extreme­ly dif­fi­cult to trade their tokens to acquire and swap for new tokens. Most top-tier cryp­to exchanges have com­pli­cat­ed UI, KYC require­ments, and hefty fees.

But what if we told you that there is a plat­form where any­body could swap and earn tokens at the best rate with­out going through the has­sles of KYC and sign-ups? Let us look at Kyber­Swap, an all-in-one decen­tral­ized auto­mat­ed mar­ket mak­er. The plat­form lets you trade for the best token prices, max­i­miz­ing liq­uid­i­ty provider earnings.

KyberSwap in a nutshell

Kyber­Swap is gen­er­al­ly a DEX aggre­ga­tor and a liq­uid­i­ty pro­to­col. The entire vision of the plat­form is to pro­vide a seam­less token-swap­ping expe­ri­ence for traders. Adding to that, at the same time, it also focus­es on max­i­miz­ing the earn­ings for liq­uid­i­ty providers.

liquidity providers

The plat­form was ear­li­er called Kyber’s DMM pro­to­col. The rebrand indi­cates its ini­tia­tive to pro­vide a ded­i­cat­ed DEX plat­form. Kyber­Swap uti­lizes its dynam­ic trade rout­ing tech­nol­o­gy to pour in liq­uid­i­ty from mul­ti­ple DEXs. The tech­nol­o­gy also helps to iden­ti­fy the best trade for the users.

The plat­form encom­pass­es a $24 bil­lion TVL from var­i­ous 60+ DEXs. It sup­ports up to 11 chains and 20,000+ tokens on its plat­form. Kyber­Swap also gained users’ trust, which is vis­i­ble from its $7.95 bil­lion trad­ing vol­ume to date.

What does KyberSwap bring to the table?

Kyber­Swap stays ded­i­cat­ed to bring­ing the best expe­ri­ence to the users for swap­ping and earn­ing inter­est on tokens. Addi­tion­al­ly, the team focus­es on pro­vid­ing the best user expe­ri­ence. The plat­form not only focus­es on traders but also on liq­uid­i­ty providers and developers.

For traders

Pro­vides a seam­less expe­ri­ence with access to thou­sands of tokens. Uti­liz­ing the dynam­ic trade rout­ing fea­ture, the plat­form helps iden­ti­fy the best price for each trade with­out any limits.

It aggre­gates liq­uid­i­ty from var­i­ous DEXs across 11 chains like Quick­Swap, Pan­cakeswap, Trader­joe, Pan­golin. etc. It ensures that the traders are pro­vid­ed with the best rates.

For liquidity providers

The plat­form lets liq­uid­i­ty providers earn more rewards and fees for the tokens deposit­ed in its pools. It also pro­vides many lucra­tive yield farm­ing oppor­tu­ni­ties com­pared to competitors.

When com­pared to oth­er AMM DEXs, each pool might have an ampli­fi­ca­tion (AMP) fac­tor. This AMP fac­tor is set by the pool cre­ator. That allows any­one to cre­ate a pool on Kyber­Swap. It also allows liq­uid­i­ty providers to achieve improved liq­uid­i­ty and slip­page with the same deposit amount.

For developers

Kyber­Swap may be inte­grat­ed into Dapps to give its users access to the deep­est liq­uid­i­ty and best swap prices. Any Dapp or DEX Aggre­ga­tor is wel­come to participate.

Coin98 Wal­let, DEX­Tools, Kat­tana Trade, and oth­er lead­ing Aggre­ga­tors includ­ing 1inch, Paraswap, Matcha, and Sling­shot have already incor­po­rat­ed KyberSwap.

The entire process on Kyber­Swap is trust­wor­thy and safe. Thanks to Chain­se­cu­ri­ty and Unslashed, who reg­u­lar­ly audit the plat­form to boost user con­fi­dence. The plat­form is also open for reviews on Github.

Addi­tion­al­ly, there are many fea­tures to pro­vide ben­e­fits to users – such as:

1. Sin­gle token deposits into liq­uid­i­ty pools (deposit one token, not 2)

2. Auto­com­pound­ing of rewards to min­i­mize efforts and max­i­mize returns

3. Anti-snip­ing fea­tures to pro­tect users’ returns from bots look­ing to enter and exit liq­uid­i­ty pools quick­ly just before a large vol­ume of trades occur.

KNC token

KNC is the util­i­ty token that fuels Kyber Net­work and Kyber­Swap. The token hold­ers can stake their tokens and vote to ensure that they receive a part of the trad­ing fees from KyberSwap. 

KNC token staking

Addi­tion­al­ly, the pop­u­lar KNC token is also used as a native token on Kyber­Swap for many of its trad­ing com­pe­ti­tions, liq­uid­i­ty min­ing cam­paigns, and more.

  • Tick­er: KNC
  • Token stan­dard: ERC-20
  • Total sup­ply:  177,809,350
  • Already trad­able on 100+ markets

KyberSwap goals and the fifth anniversary

With fea­tures mak­ing them stand out from the com­peti­tors, KyberSwap’s goal is to make all of DeFi acces­si­ble, easy, reward­ing, and safe for all users. The plat­form promis­es to con­tin­ue improv­ing the aggre­ga­tion algo­rithm to ensure that the best swap rates are giv­en to users.

The plat­form also aims to col­lab­o­rate with dif­fer­ent projects to pump the token pair’s avail­abil­i­ty. It has also part­nered up with Poly­gon, Avalanche, Fan­tom, NEAR, and Cronos to boost liquidity.

What lies in store for Kyber Network’s fifth anniver­sary? Accord­ing to the team, even more inte­gra­tions and prod­uct upgrades will be com­ing up. Excit­ing­ly, their DAO has also vot­ed to uti­lize 23.7M KNC tokens for trad­ing, liq­uid­i­ty min­ing, anniver­sary rewards, and returns to DAO holders.

Final thoughts

Kyber­Swap has set itself a sol­id cus­tomer base, evi­dent from its $7.95 bil­lion trad­ing vol­ume to date. The plat­form also has over $24 bil­lion in total val­ue locked from over 60+ DEXs. It sup­ports over 20,000+ token swap­ping over 11 dif­fer­ent chains.

The plat­form also holds new fea­tures that include an upgrad­ed aggre­ga­tion algo­rithm. It has passed remark­able growth over the years with its sim­ple and has­sle-free user expe­ri­ence. Most impor­tant­ly, it’s a trust­wor­thy plat­form where you can use DeFi with peace of mind. 

The platform’s smart con­tracts are audit­ed, and Kyber­Swap is insured. It also has robust boun­ty pro­grams in place. As a com­pa­ny, Kyber Net­work has a pub­lic team and a record of five years in blockchain with supe­ri­or tech­ni­cal exe­cu­tion, zero hacks, and asso­ci­a­tions with any scams. Kyber­Swap might be the go-to place for a seam­less and pri­vate trad­ing experience.

Find them on social media: Web­site | Twit­ter | Dis­cord | Red­dit | Face­book | KyberSwap

Disclaimer

All the infor­ma­tion con­tained on our web­site is pub­lished in good faith and for gen­er­al infor­ma­tion pur­pos­es only. Any action the read­er takes upon the infor­ma­tion found on our web­site is strict­ly at their own risk.



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