KyberSwap BSC — the best place to trade and earn on networks like Ethereum, Polygon, Binance Smart Chain (BSC), Avalanche and Fantom. You can get better token exchange rates and earn more on your token holdings.
About the KyberSwap BSC project
KyberSwap — the first multi-chain dynamic DeFi market maker and the main protocol at Kyber's liquidity hub. The project is both a decentralized exchange (DEX) aggregator and a liquidity provider with capital-efficient liquidity pools that generates fees for liquidity providers. Unlike the static/fixed nature of typical AMMs/DEXs and other liquidity platforms in the space, KyberSwap helps to maximize capital utilization by providing liquidity aggregation for the best rates, extremely high capital efficiency, and reacting to market conditions for optimization.
Users can trade tokens that may not be in KyberSwap pools but are available on other DEXs. You can see exactly which DEXs were involved in the trade and the percentage between them.
The KyberSwap DEX aggregator also provides the following benefits:
| Optimized trade route | If the deal only goes through KyberSwap's own pools, the gas fees, associated with that deal, will be minimal. |
| Reduced gas fees | Developers reduce the number of translations. As such, the gas fees, associated with trading Fee on Transfer (FoT) tokens, are also reduced. |
| Extended liquidity pools | Higher capital efficiency and less slippage. |
| Dynamic fees | Higher earnings for LP, reducing the impact of irreparable loss. Trading fees are dynamically adjusted, according to market conditions on the network. |
Rainmaker, KyberSwap's income farming program, allows users to earn bonus incentives simply by adding token liquidity and staking qualifying liquidity provider tokens (LP tokens) on eligible farms.
Other features of the defi app on Binance
The main improvements of KyberSwap are flexible commission settings and programmable pricing curve settings. A flexible payment approach helps to mitigate the impact of intermittent losses, while different pricing curve settings, tailored specifically to the token pairs in the pool, provide higher capital efficiency. Anyone can create a pool or become a liquidity provider (LP) by depositing the equivalent amount of each underlying token in exchange for LP tokens. These tokens represent proportional shares of LP in the total reserves and can be exchanged at any time for the underlying assets.
For each pair of tokens, many pools are possible with different pricing curve configurations. Pools are willing to accept one token after another as long as the KyberSwap formula holds. The site has a brief description of the site. Also, the developers maintain a Medium blog, where articles with news are available. The audit of the smart contract is available at the link.