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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.


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...

A Look at Kyber

17 Sep 2020 1 minute read 0 comments SupportiveNormie

I don't see much posted here about Kyber, which has popped up on my radar recently, so here are a few reasons to be interested in Kyber Network Crystal (KNC): Availability in Coinbase Even if you don't like Coinbase, having a token listed there lends...

I Avoided Yield Farming & The Food Court But Here Are The DeFi Projects I am Accumulating

10 Sep 2020 3 minute read 8 comments Sapphire

Learn From The Past I was present in the 2016 and 2017 ICO craze and that has helped me navigate my way through this recent DeFi frenzy. Most of the projects from that time fell by the wayside or at least fell to the bottom end of Coinmarketcap where...

Status AMA Recap – Kyber Network

26 Aug 2020 9 minute read 0 comments Status Community Updates

On thursday, August 20th, we hosted the first ever AMA inside of the Status public channel #status with the Kyber Network team. Sunny Jain, who is Head of Product for Kyber Network and Shane Hong, the Marketing Manager for Kyber Network joined us to...

Matic can play a big role in DeFi as far as its matter of the scalability with its L2

26 Aug 2020 1 minute read 1 comment Cryptozeean

In another major step towards deeper integration into the DeFi space, Matic Network announced that MATIC is being added to leading DeFi trading protocol Kyber Network!    Kyber Network is an on-chain liquidity protocol that enables instant, decentra...

Easy entrance into defi with argent wallet

25 Aug 2020 1 minute read 0 comments Andann427

The argent wallet is a great place to easily and seamlessly enter the amazing and cutting edge defi space. You can utilize the kyber  network and swap tokens or invest in many of the defi leading platforms from compound finance, aave, uniswap and man...

Celsius Network added five new coins but the transfer fees are ridiculous!

13 Aug 2020 1 minute read 5 comments PVMihalache

Since yesterday's  !!Matic, Livepeer (LPT), Kyber Network, Synthetix (SNX) and LINK are available on Celsius, with amazing interest rates of staking and annual yield go to 22.4% The higest interest rate is available if users choose to earn in CEL, h...

KyberDAO and KNC Staking in the Status App

4 Aug 2020 3 minute read 0 comments Status Community Updates

Kyber recently released their KyberDAO governance and rewards platform, Katalyst. This is a powerful governance tool that lets anyone participate in Kyber platform decision making and earn rewards for participating. Status is proud to provide a secur...

New Coinbase Earn: 6$ in Kyber (KNC)

2 Aug 2020 1 minute read 1 comment TechShooter

Coinbase Earn is a very easy way to earn crypto, for both beginners and veterans.   In order of release, you could have earned ZRX, BAT, ZEC, XLM, EOS, DAI, XTZ, OXT and now Comp and KNC, for a total of 161$. For the registration you have to do a KY...