With many major developments over the previous yr in addition to within the 2022 pipeline, Kyber Network plans to construct much more momentum and proceed to contribute transformative applied sciences and on-chain infrastructure to the Decentralized Finance (DeFi) area. Whereas Loi Luu has led Kyber Community to the place it’s immediately as co-founder and CEO, efficiently delivering each milestone to this point; the big modifications within the area over the previous two years and Kyber’s many upcoming excessive progress initiatives require a brand new administration and crew construction so as to rise to the problem.
On that observe, Kyber Community enters its subsequent stage of progress with a strategic shift in management, the appointment of Victor Tran as its CEO. In the meantime, Loi Luu, the previous CEO and co-founder of Kyber Community, will stay on the management crew within the capability of Chairman of Kyber Group to supervise all Kyber actions.
The newly appointed CEO, Victor Tran, is the previous CTO and co-founder of Kyber Community, in addition to a Forbes 30 underneath 30 Asia alumni. Victor has a powerful engineering background; having studied Laptop Science at Vietnam Nationwide College, the place he first met Loi Luu, with whom he would later go on to construct Kyber Community.
Together with his expertise because the early days, Victor has an in-depth understanding of Kyber Community and its huge potential. Having demonstrated each his management and administration capabilities over time, it’s clear that Victor is well-positioned to take Kyber to new heights, particularly at a time when not solely DeFi, however the whole crypto area is rising and remodeling at an exponential price.
Kyber entered the DeFi area as a key contributor to cutting-edge expertise and infrastructure. The area has since undergone huge modifications, with crypto adoption growing by 880% over 2021 alone. It’s now not an early, experimental trade with just a few thousand customers, however now a 3 trillion USD market with tens of thousands and thousands of customers world wide.
Victor can be bringing his personal distinctive model of management to Kyber, serving to the crew and neighborhood navigate this fast-changing DeFi panorama and execute on their objectives. Below his steerage, Kyber can stay up for a brand new period of progress and growth.
Previous and Current
Kyber Community was established with a mission to construct an modern decentralized trade (DEX) protocol to deal with the core want for seamless token swaps and liquidity within the cryptocurrency ecosystem. It has made a reputation for itself as one of many first and largest DeFi protocols on the planet since its launch in 2017. It additionally contributed to the area with its liquidity infrastructure in addition to its growth of wrapped Bitcoin (WBTC) and DEX aggregation.
Extra not too long ago, Kyber 2021 was crammed with many notable milestones. It was the primary to introduce capital effectivity by means of the launch of DeFi’s first dynamic market maker protocol, KyberSwap, and its deployment to 6 blockchain networks. TVL reached an all time excessive of over $500 million and buying and selling quantity surpassed $4.7 billion. KyberSwap additionally launched its DEX aggregation function, offering the very best charges on all on-chain trades by way of cut up buying and selling and dynamic routing.
Along with our new leaders and neighborhood assist, Kyber goals to hit much more milestones in 2022 and past.