Kyber Network is a multi-chain crypto trading and liquidity hub that combines liquidity from many sources in order to facilitate transactions at the best prices.
How does the Kyber Network function?
It's crucial to understand how Kyber Network works by looking at the network components that work together to deliver an exchange service.
Among them are:
Smart Contracts — Provide the framework for trading and exchanging tokens.
Reserves - Provide the network with liquidity.
Execute deals and remove liquidity from the network as takers. (Dapps, merchants, and wallets are examples.)
What can be powered by Kyber
Wallets and Token Swap Services Allow users to swap tokens without leaving your wallet application. Decentralized NFT and Ecommerce Payments Accept payments in a wide range of tokens while receiving in DAI, ETH, or any token you prefer. Decentralized Finance Seamlessly liquidate assets or rebalance token portfolios in a single transaction.
WHY KYBER NETWORK
Swap, Earn, and Build in DeFi Without Limits$7B+ Total Trading Volume*
Swap
Instantly exchange tokens at the greatest rates and with the best user experience. Multiple DEX methods, including Kyber pools, are used to aggregate liquidity.
Earn
By depositing tokens and providing liquidity with the maximum capital efficiency, you may earn exchange fees and farm incentives.
Govern
Vote on governance ideas with KNC coins and get KNC incentives from trading fees.
Build
Make use of DeFi's most popular liquidity hub. Any application may use Kyber to incorporate rapid decentralized token exchange at the best prices.
$80.99M Total Value Locked
$17.56B Total AMP Liquidity**
3.51K% Max APR
20,000+ Available Tokens
100+ DApp integrations
Key Resources & Readings:
Kyber Network | Liquidity Hub for Crypto Trading and DeFi
Kyber Network Crystal v2 Price ( KNC ) - CoinMarketCap
https://coinmarketcap.com › currencies › kyber-networ...
Kyber Network (KNC) Price, Charts, and News | Coinbase
https://www.coinbase.com › price › kyber-network
Disclosure. The content on this website is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this website constitutes a solicitation, recommendation, endorsement, or offer by us or any third party service provider to buy or sell any securities or other financial instruments. We are not a broker or dealer under the Securities Exchange Act of 1934, nor are any transactions proposed or described on this website purported or intended to be conducted through a regulated commodity trading entity under the Commodity Exchange Act of 1936.