By expanding to Linea Network, KyberSwap announces reaching a significant milestone in its ecosystem.
KyberSwap and Linea Network Join Forces to Empower DeFi with Capital-Efficient Solutions
KyberSwap is committed to providing superior swap rates quickly, securely, and affordably in the fast-changing environment of decentralized finance (DeFi). Early adopters on Linea can now swap without any difficulty because of the aggregator routing capabilities and capital-efficient liquidity protocols. They can profit from higher rates and less slippage because of this.
They continue to advance the development of KyberSwap as the innovative EVM DEX as they roll out more solutions on Linea. The improved liquidity alternatives and potent aggregation capabilities made possible by this tactical maneuver give DeFi users on Linea more power.
Details About Linea Network
Ethereum’s user experience and scalability are being redefined by Linea, a zkEVM rollup network introduced by ConsenSys. The vast ecosystem of Linea provides quick, inexpensive, high-throughput DeFi solutions with over 100 protocols, partners, dApps, and web3 integrations like MetaMask.
An outer-proof system and a dynamic fee mechanism are among the enhancements on Linea’s mainnet. Compared to Ethereum Layer 1, batch conflation allows for transactions to be up to 15 times more affordable.
What Does KyberSwap Aim to Achieve with the Partnership?
Kyber’s dedication to ecosystem expansion is unshakable with the launch of Linea’s mainnet, demonstrating their group’s commitment to pushing DeFi innovation and acceptance. Kyber aims to cover at least 80% of the network’s Total Value Locked (TVL), securing its place in the ecosystem and positioning it to become the top aggregator on Linea.
Deployment of Kyber on Linea now incorporates DEXs like SyncSwap, EchoDEX, Horizon, and PancakeSwap v2 in its integration. KyberSwap will serve as a DEX and a source of liquidity. By providing Elastic & Classic liquidity protocols, KyberSwap enables DeFi customers to navigate the DeFi ecosystem while optimizing yield creation easily.
We are thrilled to announce KyberSwap’s expansion to Linea. This marks a significant DeFi milestone, combining KyberSwap’s prowess with Linea’s groundbreaking technology for unprecedented potential. By joining forces, we are poised to revolutionize the way users engage with decentralized finance, offering enhanced liquidity options, powerful aggregation capabilities, and a seamless trading experience. We are excited to embark on this new chapter and shape the future of DeFi together on the Linea network.
Victor Tran, CEO and Co-founder of Kyber Network
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