KyberDMM DEX launched on Fantom Blockchain
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.
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.
This improves the overall trading and liquidity provision experience for Fantom ecosystem users, Dapps and NFT games!
A portion of KyberDMM trading fees on Fantom will go to KyberDAO and subsequently to KNC voters, complementing the existing KyberDMM deployments on Ethereum, Polygon, BSC and Avalanche.
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.
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.
