They are thrilled to announce a significant milestone for Kyber Network as they embark on a new journey by deploying KyberSwap on zkSync Era. This integration not only proves their position as a pioneering EVM DEX aggregator but also brings them closer to delivering the most optimal swap rates and seamless transactions in DeFi.

Kyber Network has successfully deployed KyberSwap’s aggregator and Classic liquidity protocol on zkSync Era, laying a strong foundation for further advancements and innovations in the near future. They also promise that there are more exciting developments to come as they continue to push the boundaries of decentralized finance.

Their deployment on zkSync Era includes the integration of native DEXs, such as Mute, Switch, SyncSwap and Velocore, further augmenting their liquidity offerings.

Kyber Network’s plans for zkSync Era

With the deployment of their Aggregator & Classic Liquidity Protocol, KyberSwap is well-positioned to take the lead as the primary Aggregator and liquidity backbone on zkSync Era, offering users a comprehensive and efficient trading experience as well as providing essential support to other protocols and partners.

To further bolster liquidity options and strengthen the ecosystem, they are actively forging collaborations with esteemed partners such as Lido Finance and QiDao Protocol and working closely with DEXs and aggregators to integrate their pools, expanding the accessibility and usability of their platform.

A major milestone on their roadmap is to bring a Rush of Liquidity with Elastic Liquidity and Farms. This strategic step will create a surge in Total Value Locked (TVL) on zkSync Era, ensuring vital liquidity for protocols, the foundation, and their valued partners.

In addition to liquidity enhancements, they are proud to announce that they will be deploying KyberAI, the first real AI-enabled trading tool on zkSync Era. This will empower zkSync Era users to trade with greater insight and confidence, opening new possibilities in the realm of DeFi trading.

About zkSync Era.

zkSync Era is the first zero-knowledge zkEVM for Ethereum, offering a Layer-2 protocol scaling solution backed by state-of-the-art Zero Knowledge (ZK) technology.

Launched in June 2020, zkSync showcased an initial transaction capacity of 300 transactions per second. zkSync 2.0 brought qualitatively different features, such as Account Abstraction and EVM support through Solidity and Vyper.

On February 16, 2023, Matter Labs, the team behind zkSync, announced the rebranding of zkSync 2.0 into zkSync Era.

Furthermore, Matter Labs has received substantial funding, the largest among all L2 scaling solutions. This significant support further validates the immense potential of the zkSync Era.

About Kyber Network

Kyber Network is building a world where any token is usable anywhere. KyberSwap.com, their flagship Decentralized Exchange (DEX) aggregator and liquidity platform, provides the best rates for traders in DeFi and maximizes returns for liquidity providers.

KyberSwap powers 100+ integrated projects and has facilitated over US$20 billion worth of transactions for thousands of users since its inception. Currently deployed across 13 chains including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Velas, Aurora, Oasis, BitTorrent, Optimism and Solana.

SOURCE:

https://blog.kyberswap.com/expanding-to-new-realms-kyber-network-deploys-kyberswap-aggregator-and-classic-liquidity-protocols-on-zksync-era/?utm_source=socials&utm_medium=article&utm_campaign=zksync

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KyberSwap has a set of capital-efficient protocols designed to maximize incentives for liquidity suppliers. The KyberSwap Classic protocol is DeFi’s first market maker protocol that dynamically adjusts LP rewards based on market conditions, whereas the KyberSwap Elastic protocol is a tick AMM with concentrated liquidity, customizable reward levels, a reinvestment curve, and other advanced features designed to give LPs the flexibility and tools to take their earning strategy to the next level without compromising security.

KyberSwap is currently deployed on 14 chains including Ethereum, Ethereum Proof-of-Work, Polygon, BNB, Avalanche, Fantom, Cronos, Arbitrum, BitTorrent, Velas, Aurora, Oasis, Optimism and Solana. KyberSwap combines liquidity with over 80 DEX to give users the best bets for their swops.

What’s in store for their partnership?

• KyberSwap integration with CVL Wallet is complete. This will ensure best swap rates for CVL users

• Cross-marketing to promote the integration

• CVL Wallet is the only multi-wallet you need. This partnership will make CVL Wallet even stronger.

About Civilization

Civilization is on a mission to revolutionize the stablecoin market by introducing a new non-pegged reserve currency called $CVL. This innovative new asset is designed to solve the problems of centralization and censorship that plague traditional stablecoin assets on the Web3 platform.

One of the key features of $CVL is that it is supported by a diverse basket of assets, which helps to ensure its stability and value over time. This is in contrast to traditional stablecoins, which are often tied to a single national currency like the US dollar and subject to the whims of central banks and governments.

SOURCE:

https://medium.com/@cvl_network/we-are-happy-to-announce-the-beginning-of-our-cooperation-with-kyberswap-dfe655b7dc96

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Bitizen has fully integrated Kyber Network and KyberSwap within Bitizen wallet. It will provide its users with one-click connection to the biggest trading liquidity hub with over 20,000+ supported tokens.

“Kyber Network is the best trading mechanism existing on the market, able to provide exceptional liquidity for tokens on decentralized exchanges. We truly believe in decentralization and build our wallet so our users can send, receive and seamlessly swap any of their tokens on many chains. By integrating Kyber Network and KyberSwap, we want to provide our users with the maximum liquidity for their digital assets. And making Bitizen a one-stop solution for all decentralized Web3 needs” — Winson Liu, CEO at Bitizen Wallet

About Kyber Network

Kyber’s technology connects the deepest crypto liquidity from diverse sources to provide the best rates and maximize returns for everyone. Swap tokens, earn yield, and build the best DeFi applications with Kyber.

 Website | Twitter

About Bitizen Web3 wallet

Bitizen is a new generation MPC-based Web3 wallet with no private keys and no seed phrases, designed for the new wave of Web2. Bitizen provides the highest level of security while staying simple and easy to use. Other notable features are full privacy-safety, censorship-resistance and multi-chain compatibility.

Bitizen has implemented top-notch cryptographic Secure MPC protocols that efficiently remove single points of failure present in all traditional wallets — private keys and seed phrases.

Bitizen wallet is able to integrate with any existing or future DApp on any blockchain via SDKs.

 Website | Twitter

SOURCE:
https://medium.com/@bitizenwallet/bitizen-wallet-partners-with-kyber-network-a-multi-chain-crypto-trading-and-liquidity-hub-61ff2a5ae8e6

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KNC is a utility and governance token and an integral part of KyberSwap. QiDAO Supports Kyber Network, KNC holders can stake their KNC and vote on initiatives to receive trading fees generated on KyberSwap, along with other benefits.

New $KNC Vault on mai.finance

KNC being supported as a collateral asset on QiDAO adds another valuable utility for token holders! QiDAO allows you to keep your KNC and still be able to spend its value. You are able to borrow the MAI stablecoin with KNC without having to sell your crypto assets, and do so at 0% interest on Polygon!

How to use KNC on QiDAO and KyberSwap effectively

Here are 2 easy ways to use KNC on QiDAO and KyberSwap to maximize your yield on Polygon!

1. Maximum Yield Loop (MAI-KNC farm)

• On QiDAO, borrow MAI by depositing KNC as collateral
• On KyberSwap, add liquidity and farm more KNC on the MAI-KNC farm
• With your KNC yield, borrow more MAI, and repeat the process above
• When you borrow MAI using KNC, you may also get bonus QI token rewards (pending QiDAO vault incentive vote)!

2. Simple KNC Farming (MAI-USDC farm)

• On QiDAO, borrow MAI by depositing KNC as collateral
• On KyberSwap, with your borrowed MAI, add liquidity and farm more KNC on the MAI-USDC farm
• With your KNC yield, borrow more MAI, and repeat the process above
• When you borrow MAI using KNC, you also get bonus QI token rewards (pending QiDAO vault incentive vote)!

About Kyber Network

Kyber Network is building a world where any token is usable anywhere. KyberSwap.com, flagship Decentralized Exchange (DEX) aggregator and liquidity platform, provides the best rates for traders in DeFi and maximizes returns for liquidity providers.

KyberSwap powers 100+ integrated projects and has facilitated over US$10 billion worth of transactions for thousands of users since its inception. Currently deployed across 13 chains including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Velas, Aurora, Oasis, BitTorrent and Optimism.

Website | Twitter

About QuiDAO

QiDAO is an open source and non-custodial stable protocol for extracting value out of priced assets. Simply create a vault, deposit your crypto assets, and start borrowing stablecoins against your collateral’s value. It is self-sustaining, community-governed, and decentralized. Loans are secured by always having more value locked than the amount of debt given out. Loans are paid out and repaid in MAI (a stablecoin soft pegged to the USD) and at all times, MAI stablecoins are fully backed by collateral. QiDAO already has $65M in TVL!

Website | Twitter

SOURCE:

https://medium.com/@kyberteam/55514240ace7

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Polygon is a decentralized Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing security. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.

Polygon provides a wide variety of modules developers can use to easily deploy and configure their custom blockchains. These include consensus and governance modules, as well as a variety of execution environments and virtual machine implementations.

Liquidity Mining with KyberSwap Elastic on Polygon

From 22 September, liquidity providers can choose from 12 eligible pools on KyberSwap Elastic to deepen liquidity on Polygon and earn KNC incentives. LPs can enjoy the advantages of concentrated liquidity, auto-compounding, multiple fee tiers, and JIT protection all on KyberSwap Elastic.

Important Details: Eligible Pools (Fee Tier):

• USDC-USDT (0.008%)
• DAI-USDT (0.008%)
• DAI-USDC (0.008%)
• MATIC-USDC (1%)
• ETH-stMATIC (0.04%)
• ETH-USDC(0.04%)
• ETH-USDT (0.04%)
• ETH-DAI (1%)
• ETH-WBTC (0.04%)
• MAI-KNC (0.04%)
• AAVE-KNC (1%)
• KNC-LDO (1%)

KyberSwap: Benefits for Polygon Ecosystem

1. For Traders

• Best swap rates for USDC, USDT, ETH, DAI, MAI, AAVE, LDO, StMATIC, WBTC, and KNC tokens through DEX aggregation, while letting users identify other tokens even before they trend/moon via on-chain metrics

2. For Liquidity Providers

• Concentrated liquidity for any token pair, stables, and non-stables
• Auto-compounded LP (liquidity provider) fees
• Bonus liquidity incentives through yield farming
• Sniping/Just-in-time attack protection to protect the earnings for Polygon LPs

3. For Developers

• Dapps can integrate with KyberSwap’s pools and aggregation API to provide the best rates for their users, saving time and resources.

Summary of Farming Process

• Get the tokens you want to add liquidity for on Polygon (USDC, USDT, ETH, DAI, MAI, AAVE, LDO, StMATIC, WBTC, KNC)
• Add liquidity for the eligible Elastic pools and you will receive an NFT that represents your liquidity position
• Deposit your liquidity position NFT to the farming contracts
• IMPORTANT: Stake the deposited liquidity position NFT in the farm to start getting rewards

ABOUT Kyber Network

Kyber Network is a multi-chain crypto trading and liquidity hub that connects liquidity from different sources to enable trades at the best rates.

ABOUT Kyberswap

KyberSwap is a decentralized exchange (DEX) aggregator. We provide our traders with the best token prices by analyzing rates across thousands of exchanges instantly.

Website | Twitter | Kyberswap

ABOUT Polygon

Polygon is a decentralized Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing security.

Website | Twitter

RESOURCES

Kyber Network

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Dubbed as an all-in-one DeFi platform designed to provide DeFi’s most prominent features in one place. Coin98 Partners with Kyber Network, where Coin98’s infrastructure features a decentralized exchange, multi-chain wallet, coin launching, financing, and auditing services.

KyberSwap has been long-time partners with Coin98, with Coin98 Wallet being one of the first supported wallets on KyberSwap’s platform.

And now, Coin98 Partners with Kyber Network by hosting a liquidity mining campaign for their newly launched stablecoin CUSD!

From 19 Sept, CUSD & USDC LPs can deposit and stake their liquidity position NFT on KyberSwap Elastic and earn $C98 rewards!

With KyberSwap’s Elastic protocol, LPs can enjoy concentrated liquidity and compounding fees, giving you higher capital efficiency and maximising rewards!

What is CUSD and how can I get it?

Coin98 Dollar (CUSD) is a USD pegged stablecoin related to other stablecoins like USDC, USDT and BUSD, providing cross-chain liquidity for all chains. CUSD is absolutely insured and backed by reserve assets. The audit of CUSD contracts is public.

CUSD is developed to be the “lifeline” of the Coin98 ecosystem, bringing a seamless, unified cross-chain liquidity movement to present / approaching infrastructures.

The consumer ought to submit Treasury in USD (CUSD Treasury) a single of the two stablecoins is BUSD or USDC to release CUSD. Conversely, if it is not essential to use, the consumer has to spend CUSD re-enter Treasury in USD to get it back BUSD or USDC.

The easiest way to get CUSD would be to buy directly on KyberSwap Ethereum. Buying on KyberSwap gets you the best rates too!

What is C98?

C98 is Coin98’s native cryptocurrency, and has a spot on the Ethereum blockchain, the Binance Smart Chain, and then the Solana Network.
C98 holders enjoy multiple benefits. First off is those who hold the coin earn network transaction fees, and they can stake the asset as well to earn rewards. Token holders have a say in governance as well, enabling users to both submit and vote on proposals and updates.

Important Details:

Eligible Pools (Fee Tier):

• USDC-CUSD (0.08%)

Farming on KyberSwap Elastic

Deposit Liquidity

1. On KyberSwap, under “Earn => Pools”, select [Elastic Pools]
2. Add liquidity to the eligible pools at the fee tiers mentioned above.
3. Key in your deposit amount for the token pair. Approve the tokens if you have not done so earlier.
4. Input a custom price range in which you would like to provide liquidity. By indicating the min price and the max price of that range. A narrower range gives your higher concentrated liquidity and more fees. While a bigger range would give a higher chance of the pool always being active (and get yield farming rewards).
5. After adding liquidity, you will receive an NFT (non-fungible token) that represents your liquidity position. (You can view your liquidity positions on the “Earn -> My Pools” page.)

About Kyber Network

Kyber Network is building a world where any token is usable anywhere. KyberSwap.com, our flagship Decentralized Exchange (DEX) aggregator and liquidity platform, provides the best rates for traders in DeFi and maximizes returns for liquidity providers.

KyberSwap powers 100+ integrated projects and has facilitated over US$10 billion worth of transactions. Currently deployed across 12 chains including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Velas, Aurora, Oasis, BitTorrent and Optimism.

Website | Twitter

About Coin98 Super App

Coin98 is the #1 crypto super app designed to seamlessly connect a billion users to the crypto world safely and securely.

We offer users across the globe a comprehensive and trusted ecosystem of essential services, including but not limited to a non-custodial, multi-chain NFT & cryptocurrency wallet, built-in DEXs, Cross-chain Bridge & DApp Browser, a powerful Terminal, attractive Earn, Gift & Campaign, and Others.

Website | Twitter

SOURCE:
https://blog.kyber.network/coin98-launches-new-stablecoin-cusd-and-celebrates-with-liquidity-mining-on-kyberswap-4aa2af03bca9

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Lido Finance is a state of the art liquid staking protocol, powering DeFi and CeFi applications alike in their vibrant ecosystem. It empowers stakers to put their staked assets to use on their supported networks: Ethereum, Solana, Polygon and Polkadot. As one of the biggest liquid staking protocols in DeFi, we are proud that Lido Finance has chosen KyberSwap to enhance liquidity for the benefit of all three ecosystems.

From 16th Aug, liquidity providers can choose from 5 stMATIC eligible pools on KyberSwap Elastic to deepen liquidity and earn $LDO & $KNC rewards!

With KyberSwap’s Elastic protocol, LPs can enjoy concentrated liquidity and compounding fees, giving you higher capital efficiency and maximizing rewards!

*Learn more about KyberSwap Elastic here.

Important Details:

Eligible Pools (Fee Tier):

• stMATIC-WMATIC (0.01%)
• USDC-stMATIC (0.04%)
• stMATIC-USDT (0.04%)
• stMATIC-DAI (0.04%)
• stMATIC-MAI (0.04%)

*Full list of eligible pools for Yield Farming can be viewed here.
**Eligible pools for yield farming will be marked with a money bag icon.

Summary of Farming Process

• Get the tokens you want to add liquidity for on Polygon (stMATIC, MATIC, USDC, USDT, DAI, MAI).
• Add liquidity for the eligible Elastic pools and you will receive an NFT that represents your liquidity position
• Deposit your liquidity position NFT to the farming contracts
• IMPORTANT Last Step: Stake the deposited liquidity position NFT in the farm to start getting rewards

Adding liquidity to Lido Elastic pools

• Under “Earn -> Pools” on Polygon, select Elastic Pools
• Add liquidity to the eligible pools at the fee tiers mentioned above.
• Key in your deposit amount for the token pair. Approve the tokens if you have not done so earlier.
• Input a custom price range in which you would like to provide liquidity by indicating the min price and the max price of that range. A narrower range gives your higher concentrated liquidity and more fees, while a bigger range would give a higher chance of the pool always being active (and get yield farming rewards).
• After adding liquidity, you will receive an NFT (non-fungible token) that represents your liquidity position.
• You can view your liquidity positions on the “Earn -> My Pools” page.

About Kyber Network

Kyber Network is building a world where any token is usable anywhere. KyberSwap.com, our flagship Decentralized Exchange (DEX) aggregator and liquidity platform, provides the best rates for traders in DeFi and maximizes returns for liquidity providers.

KyberSwap powers 100+ integrated projects and has facilitated over US$9.9 billion worth of transactions for thousands of users since its inception. Currently deployed across 12 chains including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Velas, Aurora, Oasis, BitTorrent and Optimism.

Website | Twitter

About Lido

Lido is the leading liquid staking solution – providing a simple and secure way to earn interest on your digital assets. By staking with Lido your assets remain liquid and can be used across a range of DeFi applications, earning extra yield.

Website | Twitter

SOURCE

https://blog.kyber.network/lido-finance-partners-with-kyberswap-elastic-to-enhance-liquidity-on-polygon-with-over-120-000-in-45e53c0af075

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As part of KyberSwap’s commitment to enhancing DeFi infrastructure and altogether making DeFi accessible to all, they are thrilled to announce that the KyberSwap ecosystem has now expanded to the Optimism network, a Layer-2 scaling solution that provides near-instant transaction finality and cheaper transaction fees without sacrificing security.

This integration means KyberSwap users will have another low-cost and lightning-fast place to swap tokens at the best-optimized rates!

Optimism traders can now swap at the best rates and liquidity providers earn higher fee returns on KyberSwap.

About Optimism

Optimism is an ​​Ethereum L2 blockchain that can support all of Ethereum’s DApps. Thanks to optimistic rollups, Optimism takes advantage of the Ethereum Mainnet’s security to scale the Ethereum ecosystem. In other words, transactions are recording on Optimism in a trustless manner but ultimately secured on Ethereum.

Website | Twitter

SOURCE:

https://blog.kyber.network/kyberswap-launches-integration-with-optimism-low-cost-and-lightning-fast-ethereum-l2-blockchain-51332999fb8f

The post KyberSwap Launches Integration with Optimism appeared first on Smart Liquidity Research.

With the advantages of good liquidity, optimal exchange rates aggregated and selected from many different decentralized exchanges (DEXs), KyberSwap is the perfect platform to make transactions more efficient and cost-effective than other decentralized protocols.

Trade RICE on KyberSwap at: https://kyberswap.com/swap/

Kyber is currently implementing the “Kyber Swap Trading Contest” program with a reward of up to 20,000 KNC for 600 lucky participants. As long as they reach a minimum trading volume of $100 at 1 of the networks (Polygon, Ethereum, BitTorrent, BNB Chain, Avalanche), users will have the opportunity to share rewards. Thus, when trading RICE on KyberSwap, besides taking advantage of good exchange rates, you can also become one of the 600 lucky people to receive KNC rewards.

Details of the KyberSwap Trading Contest program here.

Some outstanding advantages of KyberSwap:

• Dynamic Trade Routing technology is to aggregate liquidity.
• Trades are split and optimally routing through various DEXs for the best prices within the same network.
• Transaction fees are low and are flexibly according to market conditions.

About KyberSwap

KyberSwap is an On-chain Liquidity Protocol that aims to provide investors with the best exchange rates across multiple chains by aggregating and selecting liquidity from various DEXs. Currently, the total trading volume on KyberSwap has reached 8.3 billion USD, with TVL reaching over 68 million USD.

Website | Twitter

About Rice

Rice Wallet is a non-custodial wallet that helps you store, invest and manage cryptocurrencies. From one place with the best user experience.

Website | Twitter

SOURCE:

https://ricewallet.io/blog/rice-is-available-on-kyberswap

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Introducing a new Campaigns page complete with a brand new Trading Leaderboard specially for KyberSwap Trading Contests!

With the new points based ranking system, KyberSwappers can now check their eligibility and ranking directly on KyberSwap.com when you participate in our active Trading Contests!

Note: $1 = 1 point

This enables:

• Transparent viewing of your ranking & rewards
• You can get a heads-up of upcoming campaigns and ongoing campaigns
• KyberSwap will now be able to run multiple trading campaigns concurrently (used to be one at a time) — so more rewards for everyone!

This Trading Leaderboard page will be a very important part of 5 Year Anniversary celebrations, so keep tuning in for upcoming campaigns!

Their Campaigns page also comes with an easy “share” button on the top right, so you can share opportunities easily and brag about your rank placement with your friends!

About Kyber Network

Kyber Network is building a world where any token is usable anywhere. KyberSwap.com, our flagship Decentralized Exchange (DEX), provides the best rates for traders in DeFi and maximizes returns for liquidity providers.

KyberSwap powers 100+ projects and has facilitated over US$7 billion worth of transactions for thousands of users since its inception. Currently deployed across 12 chains including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Velas, Aurora, Oasis, BitTorrent and Optimism.

Website | Twitter

SOURCE:

https://blog.kyber.network/kyberswap-new-feature-trading-leaderboard-6fdf34eb4e23

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