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Kyber expands to Polygon, announces $30M ‘Rainmaker’ liquidity mining program

The Kyber Network is set to float a $30 million liquidity mining program on both Ethereum and Polygon pools. Decentralized finance liquidity hub Kyber Network is set to become the next DeFi protocol to enter the expanding Polygon ecosystem.In a statement issued on Wednesday, Kyber announced the launch of Rainmaker, a liquidity mining program on the platform’s Dynamic Market Maker protocol that will commence on June 30 to mark Kyber’s expansion to Polygon.According to the announcement, the Rainmaker program will distribute $30 million in rewards to liquidity providers on the Kyber DMM across both Polygon and Ethereum.Of the total reward…

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Kyber Network adds $20M insurance protection from Unslashed Finance

CryptoNinjas » Kyber Network adds $20M insurance protection from Unslashed Finance Kyber Network, an on-chain cryptocurrency liquidity protocol, has announced it is now offering the first natively insured pools for its new Dynamic Market Maker (DMM) protocol. The policy acquired by Kyber from Unslashed Finance covers up to $20 million (10,000 ETH) and is focused on smart-contract risk. Dynamic Market Maker (DMM) is a next-gen AMM and major protocol that will be added to Kyber 3.0’s liquidity hub and provides important benefits to DeFi liquidity providers including, optimized fees, extremely high capital efficiency, as well as fully permissionless liquidity contribution…

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Kyber Network introduces Uber-style surge pricing for DeFi token swaps

Dynamic fees will improve capital efficiency on the new DMM. Decentralized exchange Kyber has launched a Dynamic Market Maker, or DMM, in what it claims is a world first. The new platform, which was announced on April 5, has been designed to optimize fees and enable extremely high capital efficiency for liquidity providers. One of the major differences between Kyber’s new platform and regular Automated Market Makers, or AMMs, is the fee generation system. While platforms such as Uniswap charge a fixed trading fee of 0.3%, the new DEX will calculate fees dynamically, increasing during times of high volatility and…

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Kyber Network (KNC) Unveils Highly Capital Efficient Dynamic Market-Making Protocol

One of the oldest decentralized exchange (DEX) protocol Kyber Network has unveiled the highly-anticipated dynamic market-making (DMM) protocol. Kyber Network Unveils DMM In a blog post published on April 5, on-chain liquidity protocol Kyber Network finally unveiled the mainnet beta release of the Kyber Dynamic Market Maker (DMM) protocol. After months of research, we're excited Read More

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Dex Platforms Trade Over $2.4 Billion in 7 Days, Defi Swaps up 68% Since Last Week

Years ago the cryptocurrency community did not have access to a plethora of decentralized exchanges (dex). In 2020 with the rise of Ethereum, dex platforms have grown exponentially with trading applications like Uniswap, 0x, Kyber, and more. Dex trading growth has spiked over 68% this week alone and during the last seven days, $2.4 billion was swapped on these exchanges. Onchain data from Dune analytics shows that more than $2.4 billion in decentralized exchange (dex) swaps took place last week and $448 million worth during the last 24 hours. Dex stats from Dune Analytics shows 24-hour dex volumes for Saturday,…

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KNC Climbs 20% to Hit $2; Technicals Suggest Rally Towards $2.78

Kyber Network’s native token KNC appreciated enormously on Friday, with its price hitting $2 for the first time since May 2018. The 41nd-largest cryptocurrency market cap surged 20 percent in the last 24 hours. The gains appeared without any real fundamental catalysts, pointing to more considerable price speculation among daytraders who rely on chart signals. KNC’s price appreciation also followed a massive upside rally. The token earlier rose by more than 1,000 percent for the year against the US dollar that benefited investors with holding sentiment. Meanwhile, its upward trend met multiple downside corrections, illustrating daytraders securing their profits. Kyber…

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Kyber Network’s KNC Jumps 16.5% in Two Days, Eyeing a 60% Rally

KNC, the native token of Kyber Network – an Ethereum-based decentralized exchange, surged by circa 16.5 percent in just two days. The cryptocurrency’s latest jump appeared as Bitcoin rally paused below $12,000. Meanwhile, the KNC/USD exchange rate is trending inside a technical pattern that points to a 60 percent breakout move. DeFi token KNC showed signs of a healthy recovery after plunging by almost 40 percent from its all-time high at $2.05. A 60% KNC Rally Expected The Kyber Network’s asset surged by about 16.25 percent from its session low at $1.05, a rebound that appeared as Bitcoin’s rally paused…

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One Month In, Kyber’s Katalyst Sees Mass Community Buy-In

The Kyber network’s launch of Katalyst has seen impressive metrics just one month after its launch. Kyber’s Katalyst For Growth The Kyber Network’s launch of the KyberDAO and Katalyst on July 7 ushered in community-based decision making for the DAO, driving the network close to full decentralization. Since the start of Katalyst, KyberDAO allows every single KNC holder to share the responsibility of determining the appropriate set of parameters for various scenarios that will best drive long term protocol growth and sustainability. In the first 24 hours of its launch, over 10 million KNC tokens were staked to the network.…

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Coinbase Launches Kyber Rewards, But a Long Wait is More Likely

Yesterday, Coinbase announced that it was expanding its Learn platform with the addition of Kyber Network tokens. The incentive allows exchange customers to watch videos in exchange for a small handful of the KNC tokens worth a couple of dollars. Starting today, Coinbase customers can start earning Kyber (KNC) by watching lessons and completing quizzes about the Kyber Network, a protocol that aims to make swapping digital assets and cryptocurrencies simple and efficient. https://t.co/2JQm5kDn3W — Coinbase (@coinbase) July 28, 2020 The Kyber Network has shot to DeFi fame recently following the launch of its long-awaited Katalyst protocol upgrade on July…

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Why Kyber Network (KNC) Should Be On Your Crypto Radar For 2020

Altcoins have shown up in the cryptocurrency market this year. While there isn’t a full-blown out altcoin rally yet, the performance by many of them has been nothing short of impressive. Many low priced and relatively unknown altcoins have also taken the market by storm, fueling the overall performance of altcoins. One such altcoin is Kyber Network (KNC). As an on-chain liquidity protocol, KNC, allows decentralized token swaps to be integrated into any application. This enables the swift exchange of value exchange for all parties in the ecosystem. Kyber Network has been one of the best performing altcoins this year,…

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A Notable Surge in KNC Staking Makes Kyber Network New DeFi Star

Kyber Network’s fame in the DeFi markets is rising day by day. The network has become a new DeFi star after witnessing a notable surge in the staking of its KNC token. KNC staking rises after the network upgrade Recently, the Kyber Network launched its long-awaited network upgrade and announced the staking of KNC as well along with it. The upgrade of the Katalyst protocol was gone live on the 7th of July on the mainnet of the network. The network also introduced a decentralized protocol KyberDAO allowing users to stake their KNC token onto it. By staking their coins…

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