KNC Kyber Network
Source: KNCUSD Chart by TradingView
Kyber Network Background
Kyber Network is a hub of liquidity protocols that aggregates liquidity from various sources to provide secure and instant transactions on any decentralized application (DApp). The main goal of Kyber Network is to enable DeFi DApps, decentralized exchanges (DEXs) and other users easy access to liquidity pools that provide the best rates.
All transactions on Kyber are on-chain, which means they can be easily verified using any Ethereum block explorer. Projects can build on top of Kyber to utilize all the services offered by the protocol, such as the instant settlement of tokens, liquidity aggregation, and a customizable business model.
Kyber looks to solve the liquidity issue in the decentralized finance (DeFi) industry by allowing developers to build products and services without having to worry about liquidity for different needs.
The Kyber Network Crystal (KNC) token is a utility token that is the “glue that connects different stakeholders in Kyber’s ecosystem.” KNC holders can stake their tokens in the KyberDAO to help govern the platform and vote on important proposals — and earn staking rewards in Ethereum (ETH) that come from trading fees.
Kyber Network News
DeFi protocol Kyber Network suffers frontend hack, loses $265K
Kyber Network says the threat has been neutralized, offered the hacker a 15% bug bounty.
Kyber Network (KNC) launches new market maker protocol with high capital efficiency
Kyber launched a new DeFi innovation known as a Dynamic Market Maker (DMM) to give high capital efficiency to liquidity providers.
Here’s what triggered the parabolic surges in Cardano, Kyber Network, and Matic
Many cryptocurrencies have gone parabolic over recent weeks.
Kyber Network Intelligence
Kyber Network Exchanges
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