The Kyber Network (KNC) team, in a blog post published on Jan. 21, outlined the changes that will accompany the Kyber 3.0 upgrade, which aims to adapt to DeFi trends and facilitate more innovation.

• The Kyber 3.0 upgrade will see Kyber move from supporting a single protocol to becoming a hub of liquidity protocols in order to support more use cases
• The first new change will be the Kyber Dynamic Market Maker (DMM), which grants fully permissionless liquidity contribution and access to it by takers, including Dapps, aggregators and users
• The KyberDAO and KNC token will also be moved to new contracts, pending governance approval, in a bid to increase governance power, “multiple streams of utility and support liquidity innovation
• The upgrades will take place in two stages, Katan and Kaiden, which are expected in Q1/Q2 and Q3 respectively
• The team anticipates that the new architecture will support scaling and cross-chain solutions, which will in turn boost DeFi usage
• Kyber 3.0 will be the protocol’s biggest upgrade since Jul. 2020, when they launched KyberDAO and introduced yield farming features