Kyber Network — a multi-chain crypto trading and liquidity hub that connects liquidity from multiple sources to provide the best trading opportunities.
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About the Kyber Network project
Kyber Network — a liquidity protocol hub that pools liquidity from various sources to enable secure and instant transactions on any decentralized application (DApp). The main goal of the project - to provide DeFi DApps, decentralized exchanges (DEXs) and other users with easy access to liquidity pools that provide the best rates.
The Kyber Network Crystal token (KNC) — a utility token that is “the glue that connects the various stakeholders in the Kyber ecosystem.” Kyber aims to solve the problem of liquidity in the decentralized finance (DeFi) industry by allowing developers to create products and services without worrying about liquidity for various needs.
The project was founded by such developers as:
- Loi Luu;
- Victor Tran;
- Yaron Velner;
All transactions in Kyber happen on the network, which means they can be easily verified, using any Ethereum block explorer. Projects can build on Kyber to take advantage of all services, offered by the protocol, such as instant token settlement, liquidity aggregation and a customizable business model.
Platform features
DeFi has many use cases and possibilities. Therefore, no single liquidity protocol can meet the needs of all liquidity providers, buyers and other market participants. The project architecture allows Kyber developers to innovate quickly. Moreover, they can integrate new protocols into the overall network.
Some features of the project:
| Exchange | Exchange tokens without the need for a third party organization such as a centralized exchange. |
| Integration | Allows developers to easily integrate the protocol with applications and other blockchain-based protocols. |
KNC holders can list their tokens on KyberDAO to manage the platform and vote on important proposals. They can also earn Ethereum (ETH) staking rewards, which come from trading fees. Kyber launched Kyber DMM, the world's first dynamic market maker (DMM) protocol.
This is a next generation AMM, designed to respond to market conditions to optimize fees, maximize profits and provide extremely high capital efficiency for liquidity providers, especially for stable pairs with low price range volatility (such as USDC/USDT, ETH/SETH). Kyber DMM is the first of many new liquidity protocols to be launched in the Kyber 3.0 Liquidity Hub.
Where to buy KNC?
KNC tokens can be bought and sold on various exchange platforms, including well-known names such as:
- Coinbase Pro;
- Huobi Global;
- Binance;
- Kraken;
The KNC token is dynamic and KyberDAO has the ability to vote to increase or decrease the supply to encourage innovation, increase liquidity and reward early adopters of new protocols such as Kyber DMM. The fully on-chain design of Kyber allows the protocol to maintain full transparency and verifiability. The platform claims to be the most used liquidity center in the world.
As an ERC-20 token, Kyber runs on top of the Ethereum blockchain. In addition, the project uses an extensive trust and security model that protects users from misconduct by administrators or exchanges through security measures, built into both the protocol and smart contract levels.