KyberDMM DEX x Fantom Collaboration
Kyber Network’s KyberDMM DEX, DeFi’s first multi-chain dynamic market maker, has launched on the Fantom network, bringing the best token prices and enhanced liquidity to Fantom users.
KyberDMM is an extremely capital efficient and flexible liquidity protocol that enables traders and liquidity providers to maximize the use of their token assets.
Traders and Dapps can swap any token at the best token prices through dynamic trade routing across different Fantom DEXs. In addition, at a fraction of the TVL compared to typical AMMs, KyberDMM is able to provide better liquidity and very low slippage for popular token pairs, so liquidity providers enjoy higher capital efficiency and returns.
At launch, 7 DEXs and 5,000 liquidity pools have been integrated on Fantom — SpookySwap, SpiritSwap, PaintSwap, JetSwap, Sushi, Curve and also KyberDMM.
Kyber’s vision is to be the liquidity infrastructure for DeFi, which includes popular networks such as Fantom. This is Kyber’s first major step in building a sustainable and scalable liquidity infrastructure for the Fantom ecosystem.
About Fantom
Fantom is a fast, secure, and highly scalable asynchronous distributed ledger that allows people to develop smart contract applications with low transaction fees. The Fantom ecosystem is growing rapidly with $5.5 billion in TVL and hundreds of Dapps deployed. Ethereum assets can be easily migrated via the Fantom Bridge and the KNC (Kyber Network Crystal) token will soon be supported.
About Kyber Network
Kyber Network aims to deliver a sustainable liquidity infrastructure for DeFi. As a liquidity hub, Kyber connects liquidity from various protocols and sources such as KyberDMM to provide the best rates to Dapps, DEX aggregators, DeFi platforms, and retail traders.
Anyone can contribute liquidity to Kyber Network and Dapps can integrate different protocols depending on their liquidity needs. Using Kyber, developers can build innovative applications, including instant token swap services, decentralized payment flows, and financial Dapps — helping to build a world where any token is usable anywhere.
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