Comfortable Holidays! We’re delighted to deliver collectively probably the most thrilling developments at Kyber Community on this year-end ecosystem report for 2021. It’s been a very eventful yr for the Kyber group!
Amongst many updates, DMM has been rebranded as KyberSwap after requests from the group. Sure, KyberSwap is again, higher than ever 😎
KyberSwap is on 6 chains now: Ethereum, Polygon, Binance Sensible Chain, Avalanche, Fantom, and Cronos, with extra on the way in which. On these networks, you’ll be able to immediately swap tokens with the finest charges by way of DEX aggregation, earn by including liquidity, and take part in liquidity mining for bonus rewards. New KyberSwap options embrace Single Token Deposit and Dynamic Trade Routing (aggregation)!
- Whole Commerce Quantity: Over $3.9B
- Over $17M in charges collected for 15,000+ liquidity suppliers
- All-time-high TVL of ~$500M and $50B in Amplified Liquidity
Beneath we give a recap of what has transpired this yr and share our key focus for 2022.
After months in beta, DMM was relaunched as KyberSwap with a seamless person interface to offer the perfect buying and selling and incomes expertise in DeFi.
✅Commerce on the finest charges by way of DEX aggregation
✅Liquidity Suppliers earn extra with dynamic charges and excessive capital effectivity
✅Audited by ChainSecurity, Insured by Unslashed Finance for $20M
KyberSwap was not too long ago deployed on Fantom and Cronos (first DEX aggregator to launch on the Cronos community), and now brings the perfect token charges to six supported blockchains: Ethereum, Polygon, BSC, Avalanche, Fantom, and Cronos (extra networks like Aurora/NEAR coming quickly!)
We stay up for offering the perfect token costs and enhanced liquidity for merchants, liquidity suppliers, and Dapp builders on any community we’re increasing to.
⭐️ You possibly can simply use KyberSwap to swap tokens on supported networks and farm bonus rewards! The community you need, at the perfect costs! KyberSwap will enhance the general buying and selling and liquidity provision expertise for ecosystem customers, Dapps and NFT video games.
Dynamic Commerce Routing (Aggregation) for the Greatest Charges
KyberSwap customers can get the perfect charges as a result of DEX (decentralized trade) aggregation by way of our novel dynamic trade routing algorithm. This protects customers effort and time when swapping any token!
KyberSwap sources liquidity throughout these completely different DEXs to assist obtain the perfect costs for any token swap, on any supported community. The optimum route is recognized and trades break up by 30 DEXs (over $26 Billion in mixed liquidity catering to twenty,000+ tokens), together with KyberSwap’s personal liquidity swimming pools, to seek out the perfect fee on completely different chains — Ethereum, Polygon, BSC, Avalanche, Fantom, and Cronos.
In style decentralized exchanges reminiscent of Uniswap, Sushiswap, Curve, Balancer, QuickSwap, Pancakeswap, Traderjoe, Pangolin, SpookySwap, SpiritSwap, VVS Finance, and extra have already been built-in.
Swap any token at the perfect charges on KyberSwap! Among the common tokens accessible at the perfect charges:
Single Token Deposit
Including liquidity right into a pool is a core operate for hundreds of liquidity suppliers. With our new Single Token Deposit characteristic, you should utilize only one token within the pair (e.g. ETH in an ETH-KNC pool) to deposit and add liquidity to the pool, and obtain the corresponding liquidity supplier (LP) tokens, multi functional seamless transaction.
Single Token Deposit makes liquidity provision even simpler, saving you effort and time!
- Simply add liquidity into swimming pools utilizing both token within the pair, multi functional seamless transaction.
- When eradicating liquidity, you can even robotically convert it to your required token (both token from the token pair) in a single transaction.
ZKyber: New DEX Buying and selling Expertise based mostly on ZK-Rollups
Constructing upon our previous analysis into Rollup scaling options, we unveiled our ZKyber testnet on KyberSwap! ZKyber is an L2 scaling answer that gives a quicker, cheaper, and fairer DeFi buying and selling expertise on Ethereum, with anti-frontrunning capabilities. This could probably tackle problems with community congestion, excessive fuel charges, and frontrunning on Ethereum. Learn more
Sipher Partnership and $50 Million Marketing campaign on Ethereum
Sipher is a MOBA and Exploration Recreation with an end-game aim of making an Open World Social Recreation.
🚀We now have partnered with Sipher to run a $50M Liquidity Mining Campaign (ongoing) to offer the perfect liquidity and charges for the SIPHER token! Sipher has chosen the capital-efficient KyberSwap protocol and DEX Aggregator for enhanced token liquidity for SIPHER-ETH on Ethereum.
Unbound Partnership and $1M Liquidity Mining on Ethereum
Unbound Finance is a decentralized, cross-chain liquidity protocol that’s constructing the subsequent cash lego by unlocking liquidity from AMMs.
🚀 There are UND-USDC and UND-KNC swimming pools on KyberSwap on Ethereum, and liquidity suppliers can earn a share of ~$1M in UNB and KNC liquidity mining rewards (ongoing)! Liquidity suppliers can add any quantity of liquidity to the eligible UND-KNC and UND-USDC swimming pools on the KyberSwap on Ethereum to farm and unlock their share of the rewards.
$1M+ Liquidity Mining Marketing campaign with Pegaxy on Polygon
Pegaxy is a racing sport with a futuristic mythological styling. On this sport, gamers will take part in PvP format races with randomized elemental variables to win rewards.
🚀Pegaxy has arrange a PGX-USDT pool on KyberSwap (Polygon). The PGX-USDT farm has been prolonged for yet another month! Add liquidity and stake your LPs to earn your share of $1M+ in rewards (ongoing)!
$1M Liquidity Mining Marketing campaign with Elpis Battle on BSC
Elpis Battle is an open-world RPG that options the play-to-earn mannequin. Avid gamers can get pleasure from epic battles and earn sizable rewards on the similar time.
🚀Elpis Battle has arrange a EBA-BUSD pool on KyberSwap (BSC). EBA Yield Farming on KyberSwap (BSC) will distribute $1M+ in rewards to liquidity providers! Learn more.
Different Rainmaker Liquidity Mining Campaigns
Ethereum
BSC
Polygon
Avalanche
Go to KyberSwap’s Farm web page to see all of the lively eligible swimming pools and yield farms!
Krystal + Kyber Community Partnership
Kyber has partnered with Krystal DeFi to collaborate on their token sale launchpad KrystalGO in addition to different DeFi initiatives!
KNC holders can get pleasure from higher allocation for KrystalGO token gross sales in the event that they stake KNC. Krystal will even have a KNC staking service to permit holders to earn rewards from KyberDAO.
Any Dapp or aggregator developer can combine KyberSwap because the protocol is totally permissionless.
DEXTools
KyberSwap is built-in with main buying and selling analytics platform DEXTools! Greater than 30 Million customers can now view and entry KyberSwap’s token pairs and the perfect charges on Ethereum, BSC, and Polygon. DEXTools have additionally created a DEXT-KNC pool in which you’ll be able to add liquidity to earn charges on pool trades! Learn more here. As well as, DEXTools has added liquidity to the DEXT-KNC pool on KyberSwap (BSC).
Rome Terminal
KyberSwap has been built-in by multi-blockchain network, multi-DEX, and multi-dApp trading interface Rome Terminal. DeFi customers on Rome Terminal will get pleasure from very excessive capital effectivity in addition to higher token liquidity and charges. This additionally means much more quantity can be generated by KyberSwap and in flip extra charges for LPs and KNC voters.
Kattana Terminal
KyberSwap now offers amplified liquidity to Kattana’s Trading Terminal! This integration means the perfect token charges and excessive capital effectivity for hundreds of Kattana customers.
Coin98 Pockets
Coin98 Wallet integrated KyberSwap to offer extremely capital environment friendly liquidity provision to lots of of hundreds of customers around the globe! Customers can simply take part within the ongoing Rainmaker liquidity mining campaigns utilizing Coin98.
DEX Aggregators
Since KyberSwap has very capital environment friendly swimming pools, different prime DEX aggregators reminiscent of 1inch, Paraswap, 0x API, Matcha and Slingshot have additionally built-in KyberSwap to offer aggressive charges for his or her customers.
KyberSwap Information Analytics
Prime Dapps and knowledge analytics websites reminiscent of CoinGecko, Coinmarketcap, DeFi Pulse, DeBank, DeFi Llama, vfat.instruments, APY.imaginative and prescient, Token Terminal, The Graph, and DEXTools at the moment are monitoring KyberSwap statistics.
KyberDAO is a decentralized group platform that enables KNC token holders to take part in governance. KNC holders can stake KNC to vote on vital proposals.
Over $10M price of rewards have been distributed to KyberDAO voters!
The Kyber group can suggest and vote on Kyber Enchancment Proposals (KIPs) by KyberDAO. Among the current KIP matters we lined:
- KIP-18: Advance KNC Allocation for Small-Scale Liquidity Mining Actions
- KIP-17: Joint LM with Unbound Finance, EvryNet and DeFi Yield Protocol
- KIP-16: New joint liquidity mining campaigns with Jarvis Community, DeFi Warrior and Ape In on Polygon, BSC and Avalanche
- KIP-15: Extra LM on ETH & Polygon
- KIP-14: Allocate a further 5M KNC from the ecosystem fund & switch ~1.78M KNC for Avalanche LM
⭐️ Please go to the Kyber Government Forum to debate how we are able to enhance Kyber Community collectively! Newest Kyber developments are mentioned in our Neighborhood Calls on Discord. Comply with KyberDAO twitter.
The KNC token will live on and can play an more and more vital position on KyberSwap, incentivizing buying and selling and liquidity, in addition to enabling governance. KNC token holders will tremendously profit from the expansion of KyberSwap. Aside from KyberSwap, the variety of use instances and the help for KNC within the DeFi ecosystem proceed to develop:
After the token migration earlier this yr, new KNC is on the market on prime centralized exchanges (we’re working with Coinbase to help the migration as properly). We intention to enhance the utility and enhance the use instances for KNC over time.
Given the offline occasion restrictions attributable to the pandemic, Kyber staff members participated in a number of on-line occasions as a substitute to enrich our numerous advertising initiatives to unfold consciousness and educate customers. Listed below are some highlights:
The rebranding of DMM to KyberSwap and its new revolutionary options have been lined by numerous media and information websites reminiscent of Coindesk, Cointelegraph, The Block, DefiantNews, Bankless, Decrypt, Defipulse, Defiprime, AltcoinBuzz, and Crypto Briefing. Information are added to the Media sub-channel that we now have created for you on our Discord.
Check out this Decrypt article on KyberSwap and the article on Forbes that talked about Kyber Community’s rise. KyberSwap’s development in several networks was additionally observed by crypto media reminiscent of CryptoRank and DeFi Information and our yield farming alternatives lined by common analysis experiences reminiscent of these by Delphi Digital.
To remain updated, be a part of our Discord here and follow Kyber on Twitter.
With its numerous advantages over different DEX platforms, KyberSwap is properly positioned for development. Within the speedy future, we plan to lift higher consciousness of the advantages of KyberSwap and aggressively drive person adoption.
Extra DEXs and networks: We’ll proceed bettering our DEX aggregation algorithm; deploying on many different networks past Ethereum, BSC, Polygon, Avalanche, Fantom, NEAR/Aurora, and Cronos, and integrating liquidity sources from all common DEXs on every community so as to obtain the finest swap charges.
Extra liquidity and selection: One other key focus is working with prime initiatives to extend the number of token pairs and enhancing liquidity (and rising TVL) within the liquidity swimming pools. Given our excessive capital effectivity, initiatives like Pegaxy, Elpis Battle, ZukiMoba, Unbound, Evrynet, DeFi Warrior, Creator, StepHero, Sipher, and plenty of others have chosen KyberSwap to be their liquidity platform of alternative proper after their token gross sales.
As well as, we intention to rapidly adapt to approaching DeFi and GameFi traits by investing in and partnering with common initiatives within the house, whereas persevering with our analysis into Ethereum L2 scaling options reminiscent of ZKyber. We’ll share extra particulars in 2022, keep tuned!
We proceed to be dedicated to our imaginative and prescient to change into the liquidity hub for the decentralized financial system, the place any person or software can simply entry the required tokens for his or her liquidity wants.
Kyber is a community-driven undertaking and we at all times welcome extra solutions for enchancment, be it by way of the UI/UX, liquidity, integrations, or different areas. You possibly can attain us by our social media channels and this contact us form.
We want everybody completely satisfied holidays and an awesome yr forward. See you in 2022 as we carve new milestones collectively! 🤶🎄🎉
Onward, Kyber Community!
