kyber-network Kyber Network Crystal Legacy (KNCL)

8.02% (24H)
Market CapVolumeAvailable Supply
$129.58 M$34.82 M92.35 M KNCL

Kyber Network Crystal Legacy current price is $1.400 with a marketcap of $129.58 M. Its price is 8.02% up in last 24 hours.

Kyber’s on-chain liquidity protocol allows decentralized token swaps to be integrated into any application, enabling value exchange to be performed seamlessly between all parties in the ecosystem. Tapping on the protocol, developers can build payment flows and financial apps, including instant token swap services, erc20 payments, and innovative financial dapps - helping to build a world where any token is usable anywhere. Kyber Network maintains liquidity through the dynamic reserve pool. The pool contains all of the Reserve Entities in the system. Having multiple entities in the pool prevents monopolization and keeps exchange rates competitive. When a user requests an exchange, the Kyber smart contract makes the exchange through the Reserve Entity with the best exchange rate for the user. By allowing external Reserve Entities, Kyber Network prevents centralization and opens the door to low-volume token listings. External reserves may be fine with taking on the risk of storing less popular tokens that the Kyber reserves don’t list. To prevent bad actors in the reserve pool, Kyber Network has few safeguards. The network will flag any exchange rate for special approval that’s greatly outside the norm. To protect funds in a public reserve, Kyber makes all exchanges using them available through a transparent fund management model. The Kyber team is impressive. Loi Luu, Yaron Velner, and Victor Tran are the founders behind the project. Luu previously created Oyente, the first open-source security analyzer for Ethereum contracts, and cofounded SmartPool, a decentralized mining pool project. Velner has been active in the Ethereum bug bounty program, and Tran is also a lead developer at SmartPool. The team has a well-rounded advisory board with the most notable member being Vitalik Buterin, Ethereum wunderkind. In August 2017, Kyber successfully launched their testnet beta. They plan on releasing their live product in Q1 this year in which you’ll be able to trade between Ethereum and ERC20 tokens. The project has an extensive list of partners including Request Network, Wax, and Storm. Because it’s an ERC20 token, you can store KNC in any wallet with ERC20 support. MyEtherWallet is the most popular online option. MetaMask works as well. Many investors choose to use a hardware wallet for additional security. You can’t go wrong with either the Trezor or Ledger wallet as both supports KNC.
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10 Kyber Network Crystal Legacy (KNCL)

# ExchangePairPriceVolume (24h)Updated

1/ Kyber DMM maximises the use of capital for liquidity providers via:

✅Amplified Liquidity Pools with high capital efficiency
✅Dynamic Fees to optimise returns and reduce the impact of impermanent loss

Intro video:
Kyber DMM:

4/ Already launched on Ethereum, Kyber has announced a partnership with Polygon to deploy Kyber DMM on Polygon (30th June) as well.

Learn more about Kyber 3.0, Kyber DMM, and upcoming ‘Rainmaker’ liquidity mining program for both Ethereum and Polygon.

Kyber is part of Hack Money, the online #DeFi hackathon by @ETHGlobal!

🏆$8000 worth of $KNC bounties!

📽Watch this workshop on how to build with the highly capital efficient Kyber DMM protocol:


B.Protocol V2 demonstrated on mainnet:
1. @LiquityProtocol users deposit to the stability pool via B.Protocol.
2. $LUSD is liquidated into $ETH with 10% discount.
3. $ETH is priced for sale based on @chainlink oracle and our B.AMM formula.
4. @KyberNetwork aggregates the order.👇

3/ Kyber DMM introduces amplified liquidity pools and a dynamic fee model designed to be highly efficient for liquidity providers (LPs) and traders.

As a liquidity provider, depositing assets into Kyber DMM allows you to maximize the utilization of your capital.

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