Adding KNCs to AAVE V1 and V2 will now be easily possible. This offer stands out as a very good offer to borrow and lend the new version of the Kyber Network Crystal token, as well as to delist the old KNCL token. Kyber Network is a multi-chain crypto trading and liquidity hub that connects liquidity from different sources to enable token trading at the best rates through its main user interface, KyberSwap.com. As a hybrid DEX aggregator as well as a liquidity platform, it aims to offer traders the best rates and returns for liquidity providers with concentrated liquidity. Kyber Network, was launched on Ethereum in February 2018 and has continued to evolve since then as a pioneer in the DeFi space. It has also been Kyber Network‘s job to develop one of the oldest decentralized exchanges (DEX) with Vitalik Buterin. The team continued its innovations unabated. They spearheaded the launch of WBTC (Wrapped Bitcoin), the most popular ERC20 version of Bitcoin today, and developed their reinforced liquidity pools on KyberSwap. In addition, KNC successfully provides capital efficiency for any coin pair.
Motivation
KyberSwap (Kyber Network‘s main swap interface) is one of the oldest and most popular DEX aggregators with close to 1 million web visitors per month. In total, KyberSwap was deployed in 12 chains. The total transaction volume exceeded $ 10 billion and the current locked total value exceeded $ 63 million. KNC is Kyber’s service and management token and is an essential part of KyberSwap operations. KNC owners can share KNC to vote on proposals to improve KyberSwap. In turn, all KNC users can receive rewards from fees collected through trading on KyberSwap.com and other benefits from ecosystem collaborations. As more transactions are made and new protocols are added, users will have the chance to win more rewards.
About Kyber Network
Kyber Network, is a multi-chain crypto trading and liquidity hub that connects liquidity from different sources. You can enable token trading at the best rates via the main user interface KyberSwap.com. As a hybrid DEX aggregator and liquidity platform, Kyber aims to offer investors the best rates and returns for liquidity providers. Kyber’s vision is to become a multi-chain liquidity center for the decentralized economy.
References:
- twitter.com/KyberNetwork
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