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Kyber Network

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Kyber Network is an on-chain liquidity protocol that focuses on the exchange and conversion of digital assets. Project Director Loi Luu conceived of the idea in 2017. Kyber Network conducted its ICO in August 2017, raising $60 million and becoming one of the largest ICOs of 2017. The project counts Vitalik Buterin as one of its advisers. 

Envisioned as a decentralized version of ShapeShift by Luu, Kyber Network aggregates liquidity from token holders, liquidity pools, market makers and projects, and matches them with end users, wallets, dapps and exchanges. The result is a faster and more secure exchange of tokens, in addition to increasing liquidity.

Kyber Network’s core design philosophy is guided by 3 principles: platform agnosticism, instantaneous transactions and ease of integration. These principles together steer Kyber Network towards its goals of connecting various token economies together to increase their utility and adoption.

Given the purpose of the platform, Kyber Network has made an effort to expand the ecosystem and bring more partners on board, including being integrated into HTC’s Exodus blockchain phone for the purpose of facilitating decentralized token swaps. Key players in the platform’s ecosystem include MyEtherWallet, Enjin Coin, the Opera Browser, and Coinbase.

In early 2019, Kyber Network published a list of long-term objectives: creating a permission-less liquidity protocol that can operate on any smart contract compatible blockchain; supporting the growth of decentralized economies; and establishing a stronger governance framework. Unifying the various stakeholders in the ecosystem under one democratic governance framework is a high priority in 2019.


3 Altcoins That I Believe Will Rise In 2021

8 Jan 2021 1 minute read 0 comments Sebbe_727

This will include my predictions about cryptocurrencies that I believe will have a skyrocketing growth in 2021. Do not take this as investing tips, do your own analysis before buying anything.   3 Altcoins That I Believe Will Rise In 2021 1. Bao Fina...

Kyber Network (KNC) Completing Big Bullish Setup For Up to 998% Huge Move

7 Jan 2021 1 minute read 0 comments moon333

Hi friends hope you are well, and welcome to the new update on Kyber Network (KNC) token.On the long-term weekly chart, the price action of the Kyber Network is completing the last leg of bullish Butterfly pattern and soon it will be entered in poten...

The Decentralized Autonomous Organization

25 Dec 2020 4 minute read 4 comments AlucardLife

I don't know why it took me so long to realize that the Decentralized Autonomous Organization (DAO) is actually a sovereign country. That comes with a lot of responsibility, responsibility that I don't think most people are ready for. Freedom costs....

DeFi Adoption Is Spiking Despite Collapsed Prices

12 Nov 2020 2 minute read 3 comments Sapphire

More Than Just Hype It was not too long ago that DeFi projects were enjoying an exclusive bull market. Pretty much any project that was labelled "DeFi" automatically received an invitation to a party of gains. Some pumped, only to collapse completely...

Why Kyber PRO is Such a Big Deal?

2 Nov 2020 5 minute read 2 comments DrBreakThru

On October 22, 2020, Kyber Network – the popular on-chain liquidity protocol for decentralized ERC-20 token swaps – launched KyberPRO: A Professional Framework for On-chain Market Making. KyberPRO is a groundbreaking release that allows professional...

Kyber: Delivering a Sustainable Liquidity Infrastructure for DeFi

17 Oct 2020 6 minute read 21 comments Kyber Network

  Hi Kyberians, It has been a crazy few months for decentralized finance (DeFi) and Kyber Network. The recent yield farming and liquidity mining trends in DeFi have created an environment that is ripe for innovation and growth, but at the same time...

Kyber Ecosystem Report #19

16 Oct 2020 6 minute read 1 comment Kyber Network

  Hello fellow Kyberians, Welcome to the Autumn edition of our ecosystem report. A year ago this autumn we were busy formulating our ideas around what turned into the KyberDAO and our Katalyst release. A year on, after a successful launch and the dis...

How Uniswap (and other DEXs) is making money

7 Oct 2020 3 minute read 15 comments ScreenTag

Many crypto-enthusiasts, believe that decentralized exchanges are some kind of a public service, where crypto developers are writing code just for fun or fame. They also believe that decentralized exchanges are not making any money, and all gas fees...

Trading and Swapping on Kyberswap

19 Sep 2020 1 minute read 0 comments SupportiveNormie

Kyberswap's name would lead you to believe they are good for one thing, swapping KNC. While the site allows you to do that, it also has a couple other aspects that I found useful. Non Custodial ETH20 swaps After linking a supported wallet Kyberswap a...

5 Most Important DeFi Breakthroughs of Q3 2020

17 Sep 2020 8 minute read 9 comments yourmitchy

DeFi continues to grow at an unprecedented pace, and its very difficult to keep up with the crucial breakthroughs occurring. As a result, I wanted to weed out the most important breakthroughs that we have witnessed in Q3 that are bound to take the en...