TVL > 100K
What is KyberSwap?
As a decentralized exchange, KyberSwap is the easiest and most rapid way to swap or buy/sell tokens on Ethereum, Polygon, Avalanche, Fantom networks, and also Binance Smart Chain. Expansion of available networks is also planned for the future. KyberSwap uses Kyber’s protocol. In the DeFi landscape, KyberSwap is known as a dynamic market maker (DMM) and liquidity protocol with an automated feature. This kind of project, like a source of liquidity, has many pools of liquidity, allowing liquidity providers to gain fees from other traders. The growth of capital efficiency for the user depends on pricing curves. The support of decentralization means that KyberSwap never keeps funds from the user. So just a user has total control over his assets and manages them. This platform takes away the need for a third party. Here the focus is on safety and transparency.
Who are the founders of KyberSwap?
To answer this question, it is necessary to look at three projects at a time: KyberSwap, Kyber Network, and Krystal. Kyber Network and KyberSwap have their own separate teams because they are two different platforms. The latter is a Dapp that launched on the Ethereum chain in February 2018. KyberSwap has a private team that works closely with Kyber Network. By the way, the KyberSwap team founded Krystal as a new unique initiative.
What makes KyberSwap unique?
KyberSwap is the primary liquidity protocol and is the central part of the Kyber Network. The project satisfies the crypto market's need for liquidity. KyberSwap strives to be as useful as possible to everyone from the average trader to the advanced yield farmer. The major concept of this platform is simple: to open equal and smooth access to assets without regard to the power and provenance of the user. So, traders will be pleased with the decrease in gas fees due to the optimization of the trade route. There are also better rates for more efficient trading. What about liquidity providers? High returns are achieved through lower slippage, investment efficiency, and adjustable fees. The accessible KyberSwap code may be used to embed in new protocols and projects. The project has completed plenty of bug tests. For example, ChainSecurity audited the platform. It increases the value of KyberSwap for developers and the DeFi ecosystem as a whole.
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