EvryNet x KyberDMM Integration

EvryNet has chosen the highly capital efficient KyberDMM DEX for better token liquidity on Ethereum, with $280,000 in $EVRY and $KNC liquidity mining rewards.

KyberDMM DEX allows $EVRY token liquidity providers (LPs) to maximize the use of capital via:

• Amplified Liquidity Pools with extremely high capital efficiency; less tokens required to achieve better liquidity and rates compared to AMMs, so LPs can earn more with relatively less capital.
• Dynamic Fees that react to market conditions and optimize returns for LPs.
• Better Reliability & Security: Audited by ChainSecurity and insured up to $20M by Unslashed Finance.

Trade at the best rates on KyberDMM

In addition, $EVRY traders on KyberDMM get the best rates on Ethereum via its new Dynamic Trade Routing feature which aggregates liquidity from multiple DEXs on Ethereum including capital-efficient KyberDMM pools!

Add Liquidity and Farm $EVRY and $KNC

From ~Wed, 27th Oct at 9am ET/ 9pm GMT +8, liquidity providers can add any amount of liquidity to the eligible EVRY- ETH and EVRY-USDTpools on KyberDMM on Ethereum to unlock their share of the ~$280,000 in $EVRY and $KNC liquidity mining rewards over the next 3 months.

$EVRY rewards can be added back to the EVRY- ETH and EVRY-USDT pools to earn even more rewards. As the native asset of EvryNet, $EVRY can be utilized as transaction fees, yield farming, collateral and governance voting on the EvryNet platform.

About EvryNet

EvryNet is a blockchain protocol focused on developing an inclusive, open-source platform to provide financial services and products catering for the unbanked/underbanked. EvryNet’s first dAPP, Evry.Finance, is a multi-chain DEX that focuses on bringing institutional investors into DeFi and has been gaining momentum. Evry.Finance will include institutional specific features such as a multi-sig wallet, enterprise smart contracts, compliance reports, combination of orderbook and AMM/DMM as well as other financial products to facilitate institutional investors’ participation in DeFi.

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 (e.g. KyberDMM) to provide the best token rates to takers such as Dapps, aggregators, DeFi platforms, and traders.

Through Kyber, anyone can contribute or access liquidity, and developers can build innovative applications, including token swap services, decentralized payments, and financial Dapps — helping to build a world where any token is usable anywhere.

📰 INFO

https://blog.kyber.network/evrynet-to-enhance-evry-token-liquidity-on-kyberdmm-dex-4caca439bc0f