Kyber Network is a multi-chain crypto trading and liquidity hub that connects liquidity from different sources to enable trades at the best rates.At its core, Kyber is a decentralized way to exchange ETH and different ERC20 tokens instantly.
For example, if a vendor allowed customers to pay in whatever currency they wish, but receive the payment in their preferred token. Another example would be for dapp users. At present, if you are not a token holder of a certain dapp you can't use it. With Kyber, you could use your existing tokens, instantly swap them for the dapp specific token and away you go.
Their vision is to evolve into the liquidity epicentre for the decentralized economy. They also desire to create an economy where any user or application can efficiently access the needed tokens for their liquidity needs. Kyber describes its self as "committed to building protocols that support convenient and secure value exchange in decentralized finance, NFT markets, etc." - https://kyber.network/about/kyber
Why Kyber Network?
Decentralized finance requires decentralized liquidity.
Kyber believes that it is the essential infrastructure that supplies the essential liquidity for the entire ecosystem of Dapps. The aim is to offer the best rates for traders, Dapps, and aggregators by efficiently sourcing liquidity from multiple liquidity protocols.
Unlike off-chain systems, Kyber allows blockchain apps to easily integrate with its various protocols, saving time and resources.Open, Transparent, Verifiable
All operations are fully transparent and verifiable on the blockchain, with permissionless access for any trader, liquidity provider, or Dapp.
Anyone can contribute tokens and utilize their capital efficiently, earning fees in every trade. Kyber is able to cater to the needs of different liquidity providers and market makers.
Liquidity Hub for Decentralized Finance (DeFi)
Connecting tokens from all the popular exchanges and sources on each chain for the best rates.
Key Facts about Kyber
Total Trading Volume
Integrations Kyber Has
Key Resources to read more about Kyber:
What is Kyber Network (KNC) and How Does it Work? | SoFi
https://www.sofi.com › learn › content › what-is-kyber-ne...
Kyber Network: How Does it Work? | Gemini
https://www.gemini.com › cryptopedia › what-is-kyber-...
Kyber Network | Liquidity Hub for Crypto Trading and DeFi
Kyber Network Crystal v2 Price (KNC) - CoinMarketCap
https://coinmarketcap.com › currencies › kyber-networ...
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.