Kyber Network Announced KyberSwap Integration With BitTorrent Chain
Kyber Network and BitTorrent have announced the KyberSwap’s integration with BitTorrent Chain (BTTC) as their 11th chain integration, with more than $1.5M in liquidity mining and trading incentives available to users immediately.
The partnership will accelerate DeFi’s adoption with the combined benefits of best trading and earning rates, ease of use, security and multi-chain capabilities.
KyberSwap is the leading multi-chain DEX and is the place to trade and earn the best rates in all of DeFi. Pioneer of concepts such as wrapped BTC (WBTC) and Dynamic Market Making (DMM), KyberSwap is announcing its 11th chain integration with BitTorrent Chain. Existing chain integrations are Ethereum, Avalanche, Polygon, BNB, Cronos, Fantom, Arbitrum, Velas, Aurora, and Oasis Emerald. As of March 2022, KyberSwap was the #7 DEX in terms of TVL growth and facilitated over US$8B of trading volume.
As one of the first DEXs to be integrated onto BTTC, KyberSwap provides everything an interoperability chain needs in a DEX along with a comprehensive set of Liquidity Pools, eliminating the need for any other DEXs or aggregators.
BitTorrent is an EVM cross-chain protocol designed, which adopts PoS (Proof-of-Stake) mechanism and leverages sidechains for the scaling of smart contracts on Ethereum, TRON and BNB Chains. For next 4 months, users of KyberSwap and BTTC can participate in more than US$1.5M of liquidity mining incentives, with monthly trading competitions, community giveaways, and an exclusive airdrop for all users who participate on-chain with KyberSwap.
To use BTTC features, users need to download/add extension wallets and connect the account address to BTTC. BTTC now supports two wallet extensions, TronLink and MetaMask. However, do take note that KyberSwap currently only supports Metamask. To learn how to connect your MetaMask Wallet to BitTorrent Chain, read this guide.
Why Add Liquidity on KyberSwap?
KyberSwap gives liquidity providers (LPs) the opportunity to maximize returns with the best trading rates and attractive incentives and yields.
- Amplified Liquidity Pools with extremely high capital efficiency; less tokens required to achieve better liquidity and rates compared to AMMs.
- 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.
- Fully Permissionless: Anyone can easily add liquidity for any token pair to KyberSwap pools, while any taker (e.g. Dapp, aggregator, or end user) can access this liquidity.
- No Centralized Oracle: No third-party or centralized price feed oracle risks. Oracles refer to a middle software that share of info between non-blockchain sources and blockchain sources (middle software that connects blockchain to the outside world)
With KyberSwap, BTTC users can trade and earn with best rates and access the full spectrum of multi-chain DeFi capabilities.
ABOUT Kyber Network
Kyber Network is building a world where any token is usable anywhere. KyberSwap.com, is the flagship Decentralized Exchange (DEX), provides the best rates for traders in DeFi and maximizes returns for liquidity providers.
ABOUT KyberSwap
KyberSwap powers 100+ integrated projects and has facilitated over US$7 billion worth of transactions for thousands of users since its inception. Currently deployed across 11 chains including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Velas, Aurora, Oasis and BitTorrent.
ABOUT BitTorrent Chain
BitTorrent Chain (BTTC) is the world’s first heterogeneous cross-chain interoperability protocol, which adopts PoS (Proof-of-Stake) mechanism and leverages sidechains for the scaling of smart contracts. It now enables interoperability with the public chains of Ethereum, TRON and BSC
