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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.


Muscovite Product Release

1 hour ago 1 minute read 0 comments Synthetix Network

This post is another entry in our regular series in which we fill you in twice a month on all the front-end updates we’ve made across our dApps and website. Stay tuned for more updates!   COMP, LEND, KNC, and REN are now available as binary options...

KNC on McashPay & Midashimaya

10 Jul 2020 1 minute read 0 comments MCashChain

Midas Protocol — one of the most powerful and universal crypto wallets that enables STORE, SWAP, STAKE, SHARE, SPEND various coins and tokens. Supporting 23 chains, thousands of tokens, 14 exchanges and hundreds of dApps and platforms, the Midas wal...

Kyber Network is Bringing More Yield Farming to DeFi

9 Jul 2020 1 minute read 1 comment Abhi K

Kyber Network (KNC) hit a development milestone on July 7, launching its Katalyst upgrade and the KyberDAO governance system. The Katalyst upgrade brings technical improvements to the network, including reduced fees and network rebates. Meanwhile, th...

Katalyst and KyberDAO are now LIVE!

9 Jul 2020 7 minute read 0 comments Kyber Network

The moment we have been waiting for is here: We are excited to announce that we have successfully launched our Katalyst Protocol Upgrade and KyberDAO on mainnet! Epoch 0 has commenced! The world of Decentralized Finance (DeFi) is on the precipice of...

KyberDAO launched

8 Jul 2020 1 minute read 0 comments favicon

Get started in Decentralized Blogging & Get Coached by Me! Click Here + Sign-Up for a Free account Kyber launched the long awaited DAO upgrade, and it's booming. KyberDAO is already up to 10m staked KNC in less than 24 hours! How to participat...

Kyber Network's Katalyst Upgrade and KyberDAO Go Live

8 Jul 2020 1 minute read 0 comments Abhi K

Kyber Network (KNC) announced on July 7 that its Katalyst upgrade and governance platform KyberDAO had officially launched. The upgrade brings both technical improvements and further decentralization to the protocol. First announced in December 2019...

DeFi Kyber Network: How to Stake Kyber Network Crystal (KNC) on KyberDAO

8 Jul 2020 1 minute read 7 comments tomoyan

Kyber Network has been upgraded and Katalyst and KyberDAO are officially live now! That means anybody who has KNC token can start staking on KyberDAO. This is the site here. This week is the epoch 0 so there is no proposals to vote on but staking n...

The new Kyber KNC update arrives... & the Total Value Locked (USD) in DeFi exceeds 2.07 B. (How will it affect the price of KNC?).

8 Jul 2020 1 minute read 0 comments Crypto adict (Manu VZ)

KNC / BTCKyber Network / Bitcoin Located in position # 36 in the ranking of Coinmarketcap KNC from June 07 of this year to today, the price value has increased by 145%. In addition, an important news was raised today, July 7, since the Kyber Network...

KyberDAO and Staking KNC - Begins JULY 7, 2020!

8 Jul 2020 2 minute read 0 comments mattydevine

A very big congratulations to the Kyber team for successfully launching their KyberDAO staking!   KyberDAO staking went live this week on kyber.org/vote. This presents an opportunity for KNC stakeholders to vote on the future development and roadmap...

KyberDAO Goes Live On The Ethereum Mainnet

8 Jul 2020 1 minute read 0 comments Brennan

As per a post on Kyber Network's official blog, the KyberDAO has gone live on the Ethereum mainnet. KNC holders can now stake their tokens, participate in governance, and collect trading fees. KNC holders who stake their tokens will have the ability...