Kyber Network Crystal (KNC) Feed: Events, News & Roadmap
Kyber Network Crystal Events on the Chart
What is Kyber Network Crystal?
Kyber Network is a multichain cryptocurrency liquidity center that aims to optimize and simplify the DeFi trading process by providing the user with convenient, reliable and cost-effective access to the DeFi market.
The main product of the project, KyberSwap, is a decentralized exchange and liquidity aggregator operating on the principle of providing the best exchange conditions in various blockchain networks. To help users make decisions and automate processes, KyberSwap offers tools and functionality. The platform currently operates on 11 blockchain networks, including Ethereum, Polygon, and Avalanche.
KyberSwap is an aggregator that provides access to over 20,000 tokens and $34 billion in TVL through over 60 decentralized exchanges across 11 networks. Through dynamic routing among various liquidity pools, the platform guarantees the best exchange rates using advanced smart contracts and arbitrage capabilities, while not charging additional aggregation fees. In addition, KyberSwap offers a Discover tool to identify potentially popular DeFi tokens based on an analysis of network activity and trading trends.
For liquidity providers, KyberSwap offers the Dynamic Market Maker (DMM) protocol, an enhanced version of the standard AMM. Based on market volatility, fees are dynamically adjusted to reflect current risks. Additionally, the protocol includes a “programmable price curve” — Amplification (AMP) function, which allows you to effectively simulate high liquidity even with small pool volumes, while providers can configure AMP parameters in accordance with the characteristics of the selected pair of tokens.
The token of the Kyber Network project, Kyber Network Crystal (KNC), is based on the ERC-20 standard and plays the role of a motivational tool in the Kyber ecosystem. KNC holders have the opportunity to delegate their tokens to KyberDAO to participate in voting and receive rewards.