Kyber Network: The All-In-One Platform You Need To Swap, Earn, And Build In DeFi

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The decen­tral­ized finance (DeFi) space has quick­ly made its way onto the radar of the main­stream invest­ing com­mu­ni­ty and as such has drawn enor­mous inter­est from investors. How­ev­er, while this space offers a wealth of oppor­tu­ni­ties, it still pos­sess­es a high bar­ri­er to entry. These include hard-to-use tools, chain-locked prod­ucts, and above all, the inher­ent secu­ri­ty threats that seem to con­stant­ly loom behind all DeFi protocols.

It is in light of this that Kyber Net­work is work­ing towards elim­i­nat­ing these bot­tle­necks. Kyber Network’s mis­sion is to make DeFi easy, afford­able, fast, acces­si­ble, and secure for all users regard­less of their expe­ri­ence lev­els. This mul­ti-chain cryp­to trad­ing hub aims to bring all of the best of DeFi onto one sim­ple plat­form, cre­at­ing a seam­less trad­ing expe­ri­ence for their users

Making DeFi Easier

For starters, a space like decen­tral­ized finance (DeFi) which remains large­ly unex­plored car­ries a lot of risks such as secu­ri­ty breach­es due to it being large­ly unreg­u­lat­ed. It has been one of the main issues and has been a long-stand­ing pain point for users. Kyber Net­work has now tak­en it upon itself to tack­le these issues and draw more users to the DeFi space.

Since Kyber Network’s suc­cess­ful ICO in 2017, Kyber has been work­ing to make decen­tral­ized finance easy for all through its com­mit­ment to inno­va­tion and user secu­ri­ty. This has emerged in the form of easy-to-use tools and increased secu­ri­ty mea­sures across its protocols.

Kyber Network’s code­base has been audit­ed by top cyber­se­cu­ri­ty firms Hack­en and Chain­se­cu­ri­ty, and the audits are avail­able for pub­lic download.

KyberSwap’s inter­face is not only user-friend­ly but user guides are also pro­vid­ed in Kyber­Swap Docs for fur­ther guid­ance on how to make the most of the plat­form. Addi­tion­al­ly, Kyber­Swap pro­vides pro trad­ing tools such as Dynam­ic Trade Rout­ing, Pro Live Chart, and Live Price Charts for all its users.

Launched under the men­tor­ship of Ethereum founder, Vita­lik Buterin,  Kyber Net­work has secured top VC back­ing from top firms such as Hashed, Signum Cap­i­tal, Hyper­Chain Cap­i­tal, ParaFi Cap­i­tal, and Pan­tera, among others.

Why Use Kyber Network

Kyber Net­work aims to make decen­tral­ized finance acces­si­ble, easy, cheap, fast, and secure for users. This ensures that there is always ade­quate liq­uid­i­ty in the place and users can eas­i­ly access all of the required tokens for their liq­uid­i­ty needs.

Its flag­ship prod­uct, Kyber­Swap, is the most advanced decen­tral­ized exchange (DEX), and Aggre­ga­tor in all of DeFi.

In addi­tion, in its goal to make DeFi inclu­sive and acces­si­ble to all, Kyber Net­work sup­ports easy inte­gra­tion with Dapp devel­op­ers, allow­ing them to inte­grate KyberSwap’s liq­uid­i­ty pools and API to give their users the best-opti­mized rates. Dapps inte­grat­ed include Coin98 Wal­let, DEX­Tools, Kat­tana Trade, and Rome Ter­mi­nal, as well as oth­er top Aggre­ga­tors such as 1inch, Paraswap, 0x API, Matcha, and Slingshot.

KyberSwap

Kyber­Swap allows users to swap, earn LP fees, and engage in Liq­uid­i­ty Min­ing activ­i­ties across 11 blockchains and count­ing. Aggre­gat­ing liq­uid­i­ty from over 80 DEXs across 11 chains, Kyber­Swap is able to pro­vide the best token rates.

Kyber­Swap also has high cap­i­tal effi­cien­cy, thanks to their Ampli­fi­ca­tion (AMP) Fac­tor. This AMP fac­tor is cus­tomiz­able by pool cre­ators and serves to ampli­fy the liq­uid­i­ty, increas­ing cap­i­tal effi­cien­cy with a spe­cif­ic price range, and helps to max­i­mize prof­its for liq­uid­i­ty providers in the community.

Kyber­Swap also fea­tures DeFi’s first-ever pre­dic­tive tool. The Dis­cov­er tool shows users a list of tokens that are Trend­ing and oth­ers that could be Trend­ing Soon. It does this using True­Sight Tech­nol­o­gy to ana­lyze the on-chain data of more than 20,000 DeFi tokens to pro­vide a list of 50.

This list is com­piled based on the prices, trad­ing vol­umes, mar­ket cap, and oth­er on-chain data to pro­vide the top 50 tokens with the poten­tial of Trend­ing Soon.

Kyber Ventures

Head­ed by for­mer co-founder and for­mer CEO Loi Luu, Kyber Ven­tures is Kyber Network’s invest­ment arm, sup­port­ing Web3 founders and DeFi entre­pre­neurs in bring­ing their ideas to life and build­ing out the future of decen­tral­ized communities.

Through Kyber Ven­tures, it has also been able to guide oth­er DeFi projects to suc­cess. An exam­ple of this was Kyber Ven­tures was one of the launch part­ners in the bid to bring WBTC to Ethereum.

This arm of Kyber con­tin­ues to pro­vide guid­ance and sup­port to new DeFi projects in the space. It was also an advi­sor and key to the launch of the DeFi Alliance and Asia DeFi Network.

KyberDAO

Kyber­DAO is the com­mu­ni­ty that is at the fore­front of decen­tral­ized finance. It is a com­mu­ni­ty-cen­tered plat­form that allows KNC token hold­ers to par­tic­i­pate in the gov­er­nance of Kyber­Swap and the Kyber Net­work at large.

This way, hold­ers play a sig­nif­i­cant role in deter­min­ing the ecosys­tem, build­ing out a large stake­hold­er base, and facil­i­tat­ing the eco­nom­ic flow of KyberSwap.

Kyber­DAO allows investors to play an impor­tant role in deter­min­ing token behav­ior and upgrades to the net­work. This puts them in a bet­ter posi­tion to pro­vide bet­ter sup­port for growth and innovation.

KNC Token

The Kyber Net­work Crys­tal (KNC token) is the offi­cial token of the Kyber Net­work. It is a util­i­ty and gov­er­nance token that allows hold­ers to play an impor­tant role in the ecosys­tem by allow­ing users to stake and vote to receive trad­ing fees on KyberSwap.

KNC Token has a max­i­mum sup­ply of 226,000,000 and the rewards are based on the trad­ing vol­ume on Kyber­Swap. KNC hold­ers can also par­tic­i­pate in Kyber­DAO votes to adjust the incen­tive sys­tem and decide on how many tokens are burnt or minted.

About Kyber Network

The plat­form is one of the very first DEXs to grace the cryp­to space and has spear­head­ed many “firsts” since then. Among these are; the first to intro­duce DEX/liquidity pool aggre­ga­tion, intro­duced the con­cept of an IEO/IDO plat­form, the first major DeFi project to reward vot­ers for DAO gov­er­nance, and the first plat­form to devel­op cap­i­tal effi­cien­cy for any token pair.

Kyber Network’s mis­sion is to make DeFi eas­i­er by cre­at­ing an envi­ron­ment where all tokens can be swapped using any wal­let. It also aims to bring pay­ment ser­vices for all tokens, in addi­tion to rolling out inno­v­a­tive finan­cial prod­ucts to achieve these goals.

Kyber’s cut­ting-edge effi­cien­cy and easy inte­gra­tion have made it an investor favorite in the space. It is open, trans­par­ent, and ver­i­fi­able, all with per­mis­sion­less access for any trad­er, DApp, or liq­uid­i­ty provider.

Conclusion

Kyber Net­work is cur­rent­ly cel­e­brat­ing its 5‑year anniver­sary. It is one of the few projects that sur­vived the bru­tal cryp­to win­ter of 2018 and came out stronger for it.

With more than $8 bil­lion in trad­ing vol­ume, over 2 mil­lion tran­si­tions, and 100 inte­gra­tions, Kyber has a proven track record of mak­ing DeFi eas­i­er, afford­able, and acces­si­ble for all.

To crown it all, Kyber­Swap is gear­ing up for the launch of Kyber­Swap Elas­tic. This is a new liq­uid­i­ty pro­to­col intend­ed to pro­vide unpar­al­leled flex­i­bil­i­ty, secu­ri­ty, and returns for liq­uid­i­ty providers across 11 chains.

 

 

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