This Decentralized Exchange Is Looking to Be an All-in-One DeFi Platform
Decentralized Exchanges
Modified Date:- Published Date:-Categories: Cryptocurrency
This Decentralized Exchange Is Looking to Be an All-in-One DeFi Platform
A crypto trading hub is preparing to celebrate five years of innovation at the cutting-edge of DeFi – enabling investors to execute trades with low fees. The Kyber Network has established a suite of products that traders, liquidity providers and developers rely on every day. Through KyberSwap, tokens can be swapped instantly at highly competitive rates – and all without compromising the user experience. Deep liquidity is important, and it is aggregated through a plethora of DEX protocols.
The tools give developers the ability to innovate and create new applications that claim to be an instantaneous exchange of decentralized tokens. And to ensure that everyone can have their say on the future direction of this hub, KyberDAO, a decentralized autonomous organization, enables participants to vote on upcoming governance proposals and share in the platform's success.
The Kyber network has achieved several milestones since its launch in 2017 - and to date, it has facilitated more than $7 billion in transactions for thousands of users. It was one of the partners responsible for bringing Wrapped Bitcoin (wBTC) to the Ethereum blockchain (ETH), resulting in the unlocking of DeFi functionality for a new audience. As quoted by the Kyber team.
“In building a world to make DeFi accessible to all in which any token is usable anywhere, KyberSwap.com addresses the core need for seamless token swaps and liquidity in the cryptocurrency ecosystem, while merchants in DeFi and maximizes returns for liquidity providers." Drawing tools provide analysts with a clean way to separate signal from noise - with charting data available for thousands of tokens.
Prices are constantly updated in real time, and analysis projects can be saved for later use. The platform has no plans to sit still and wants to be at the forefront of the next era in decentralized finance. Its investment arm – Kyber Ventures – is now playing a key role in supporting entrepreneurs who are building up-and-coming protocols that are ready to take the market by storm.
An upcoming campaign will celebrate this special anniversary – and the Kyber Network is committed to user education, working with major platforms such as CoinGecko, Binance and more to create educational resources and learning and earning programs.
The open source decentralized exchange at the centre of this ecosystem operates as a non-custodial trading platform meaning users will have full control over their private keys and funds.