KyberDAO Community Call #4

KyberDAO released Community Call #4 Recap about Kyber 3.0 Phase 1, Kyber DMM launch, KNC token migration, and much more.

🔹Kyber 3.0 is a process made up of 2 phases in 2021.

Phase 1: Katana (Q1–2)

• KNC Token and KyberDAO Migration
• Kyber DMM protocol launch

Phase 2: Kaizen (Q3)

• The full network upgrade with all the other planned improvements will be complete, with new liquidity protocols being developed for DeFi
• Updates regarding Kyber’s scaling/L2 research and potential implementation

🔹Launch of Kyber DMM beta

This quarter marked the launch of Kyber DMM, a next-generation AMM designed to dynamically react to market conditions to optimise fees and enable extremely high capital efficiency for liquidity providers.

Key advantages

✅Dynamic Fees: Protocol fees are adjusted dynamically based on market conditions to maximise returns and reduce the impact of impermanent loss for liquidity providers, with fees accruing automatically in the pools.

✅Amplified Liquidity Pools: Liquidity providers can customize the price curve in advance to create amplified pools that greatly improve capital efficiency and reduce trade slippage.

✅Fully permissionless: Anyone can add liquidity to Kyber DMM pools, while any taker (e.g. Dapp, aggregator, or end user) can access this liquidity.

🔹New Kyber DMM Integrations

Given its powerful advantages, Kyber DMM protocol has already been integrated by aggregators such as 1inch and Matcha. They expect more aggregators and Dapps to source liquidity from Kyber DMM over time to provide better rates for their users. To clarify a common misconception, individual protocols such as Uniswap, Sushiswap, and Curve Pools don’t source liquidity from the Kyber DMM protocol, but Dapps such as Krystal and DEX aggregators such as 1inch and Matcha do.

What is Kyber Network?

https://blog.kyber.network/kyberdao-community-call-4-recap-f26f2c587536