Let’s review KyberSwap product latest product update for July 2023.
KyberSwap Product News for July 2023
Embark on an extraordinary DeFi adventure with brand-new features carefully crafted to elevate your experience. At KyberSwap, they blend expertise with innovation and are dedicated to delivering the latest developments that solidify their position as your ultimate decentralized platform.
Immerse yourself in the wonders of our latest KyberSwap updates and witness the magic unfold as you explore the endless possibilities!
1. My Earnings Dashboard
They also state that as liquidity providers themselves, they deeply understand the difficulties and frustrations of managing returns across various tokens scattered across different blockchain networks. That’s why they’re introducing KyberSwap’s revolutionary “My Earnings” dashboard, which is game-changing for LPs worldwide.
With the My Earnings dashboard, liquidity providers will experience unmatched convenience and efficiency. Now you can effortlessly track your liquidity provision earnings on all supported chains on one central page! Say goodbye to the hassle of switching platforms and following multiple accounts. My Earnings provides a seamless solution for displaying both past and current earnings neatly broken down by chains, individual tokens, or even different timeframes.
They are starting by making My Earnings available for KyberSwap Elastic (including Legacy) and KyberSwap Classic support is coming very soon. Our goal is to provide a comprehensive view of all your earnings across all KyberSwap liquidity protocols and eventually replace the current My Pools page.
At KyberSwap they value your time and work to make your LP journey as smooth as possible. My earnings dashboard will undoubtedly be an indispensable tool, saving you valuable time and effort and enabling you to make more informed decisions.
Want to learn more? Visit our Docs to discover how KyberSwap’s Earnings Dashboard can revolutionize your liquidity delivery experience and take your DeFi journey to new heights! Get ready to unlock a world of possibilities and simplify your LP management like never before.
2. Profiles Powered Via Ethereum
They are excited to introduce the latest groundbreaking feature of KyberSwap, Sign in with Ethereum (SIWE). This cutting-edge technology allows users to effortlessly log in to any Web3-compatible service using only their Ethereum wallet. Basically, dapps can now seamlessly authenticate users without relying on centralized identity providers.
At KyberSwap, they are able to empower our users and give them full control over their digital identities and personal data. With SIWE integration, our users can now enjoy more personalized and secure services while maintaining full ownership of their identity and deciding how their data is shared.
One of the key benefits of logging in with SIWE is the enhanced security it offers. Users who log in with this method gain access to a variety of value-added off-chain services, including KyberAI and notifications, while ensuring the highest security for their accounts.
Also, with SIWE, users can effortlessly sync their profiles across multiple devices, providing a consistent experience across all platforms. alternatively, they can choose QR code synchronization for their guest profile, which provides added convenience for those who prefer a quick and easy login process.
KyberSwap offers a wide variety of customization options with SIWE to meet the diverse needs of our users. Users can tailor their login to their preferences, giving them more control over their interaction with the platform.
Security is a top priority at KyberSwap and they have taken meticulous steps to ensure the highest level of protection of user data and information. They invite you to explore their extensive documentation for more in-depth details on security improvements and data processing practices.
3. Ethereum Gas Refund Program
The concept is simple yet powerful: the more KNC you stake, the higher the percentage of gas fees you can recoup when trading on KyberSwap. This means you can enjoy significant savings in transaction costs and make your trading experience more affordable and efficient.
Gas refunds are distributed at KNC and can be claimed at the end of every 2-semester cycle that occurs approximately every 4 weeks. This regular payout adds to the overall appeal of participating in the program, ensuring you can enjoy your gas back rewards consistently.
4. MEV Protection
KyberSwap has introduced a new feature that aims to protect Ethereum transactions from the negative effects of MEV (Miner Extractable Value) strategies. Users now have the option to select MEV-protected RPCs including Flashbots and MEVBlocker. By using these RPCs, trades will be subjected to an alternative trade order process, effectively shielding them from various MEV strategies that could potentially manipulate the market.
To learn more about how you can secure your Ethereum transactions and understand the advantages and disadvantages of using an MEV-protected transaction order, please refer to their extensive documentation. This valuable resource will provide you with in-depth information on how to take advantage of these protective measures and optimize your trading experience on KyberSwap.
5. KyberSwap expands to Linea Mainnet
KyberSwap has expanded its services from the Linea Goerli Testnet to the Linea Mainnet, offering users the opportunity to trade at more favorable rates. As one of the pioneering dapps on Linea Mainnet, KyberSwap Aggregator is designed to enhance rates by tapping into liquidity from various decentralized exchanges (DEXs), including EchoDEX, Pancake V2, and SyncSwap.
With Linea Mainnet’s infrastructure continuously evolving and more liquidity protocols being deployed, users can expect significantly deeper liquidity in their trades. The platform’s commitment to further growth is evident, with plans for integrating several exciting DEXs already in the pipeline. As a result, KyberSwap users can look forward to even better rates and higher yields while trading on Linea Mainnet. Stay tuned for future announcements to keep track of these upcoming integrations and the advantages they will bring to the KyberSwap ecosystem.
About Kyber Network
Kyber Network is building a world where any token is usable anywhere. KyberSwap.com, our flagship Decentralized Exchange (DEX) aggregator and liquidity platform provides the best rates for traders in DeFi and maximizes returns for liquidity providers.
KyberSwap powers 100+ integrated projects and has facilitated over US$20 billion worth of transactions for thousands of users since its inception. Currently deployed across 14 chains including Ethereum, BSC, Arbitrum, Polygon, Optimism, Avalanche, Cronos, zkSync Era, Fantom, Aurora, Linea, BitTorrent, Velas, and Oasis.
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