Kyber Network
Kyber Network is a blockchain protocol enabling the exchange and conversion of digital assets.
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Kyber Network
Kyber Network is a blockchain protocol enabling the exchange and conversion of digital assets.
KyberSwap, Kyber Network's main DEX aggregator and liquidity platform, provides swap rates for traders. KyberSwap sources liquidity from various DEXes, like SpookySwap, SpiritSwap, VVS Finance, Velodrome, GMX, Uniswap, Sushi, Curve, QuickSwap, Pancakeswap, Traderjoe, Pangolin, and others. It also supports about 13thirteen chains, including Ethereum, Cronos, Arbitrum, Optimism, Velas, Aurora, Oasis, BitTorrent, BNB Chain, Polygon, Avalanche, Fantom, and Ethereum PoW.
Launched on Ethereum in 2017, Kyber Network's Crystal token (KNC) is the ERC-20 utility and governance token of the KyberSwap ecosystem. With KNC, users participate in the KyberDAO governance process. As an incentive for securing the Kyber network, KNC stakers receive access to gas refunds or protocol trading fee distribution.
DeveloperKyber ofNetwork is a blockchain-based liquidity software designedcreated to aggregate liquidity from a wide range of reserves. The company's platform facilitates easythe conversion, and exchange of tokens in any decentralized applicationapplications, proxy payments as, well asincluding cross-chain payments from bitcoin and other cryptocurrencies, enabling clients to seamlessly receive payments from any token while mitigating the risks of price fluctuations for cryptocurrency trading.
KyberSwap.com, its main DEX aggregator and liquidity platform, provides the best swap rates for traders in DeFi compared to individual exchanges. It also enables liquidity providers to maximize earnings via high capital efficiency. KyberSwap sources liquidity from multiple DEXes such as Uniswap, Sushi, Curve, QuickSwap, Pancakeswap, Traderjoe, Pangolin, SpookySwap, SpiritSwap, VVS Finance, Velodrome, GMX, and many others to achieve the best rates for traders on different chains. KyberSwap supports over 13 chains including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Optimism, Velas, Aurora, Oasis, BitTorrent, Ethereum PoW, and soon Solana.
KyberSwap, Kyber Network's main DEX aggregator and liquidity platform, provides swap rates for traders. KyberSwap sources liquidity from various DEXes, like SpookySwap, SpiritSwap, VVS Finance, Velodrome, GMX, Uniswap, Sushi, Curve, QuickSwap, Pancakeswap, Traderjoe, Pangolin, and others. It also supports about 13 chains, including Ethereum, Cronos, Arbitrum, Optimism, Velas, Aurora, Oasis, BitTorrent, BNB Chain, Polygon, Avalanche, Fantom, and Ethereum PoW.
The Kyber Network Crystal token, or KNC for short, is an ERC-20 utility and governance token that serves as the bedrock of the KyberSwap ecosystem. KNC plays a critical role in governing KyberSwap through KyberDAO and facilitating its various operations. By and with KNC, users can participate in the KyberDAO governance process and shape the future of the KyberSwap ecosystem. In return for securing the Kyber network, KNC stakers also gain access to a host of other benefits such as gas refunds or protocol trading fee distribution. Launched on Ethereum in 2017, adheres to the ERC-20 standard, meaning seamless compatibility with EVM-based smart contracts. Since September 2019, all vested KNC tokens for founders and advisors have been unlocked and distributed.
Launched on Ethereum in 2017, Kyber Network's Crystal token (KNC) is the ERC-20 utility and governance token of the KyberSwap ecosystem. With KNC, users participate in the KyberDAO governance process. As an incentive for securing the Kyber network, KNC stakers receive access to gas refunds or protocol trading fee distribution.
KyberSwap.com, its main DEX aggregator and liquidity platform, provides the best swap rates for traders in DeFi compared to individual exchanges. It also enables liquidity providers to maximize earnings via high capital efficiency. KyberSwap sources liquidity from multiple DEXes such as Uniswap, Sushi, Curve, QuickSwap, Pancakeswap, Traderjoe, Pangolin, SpookySwap, SpiritSwap, VVS Finance, Velodrome, GMX, and many others to achieve the best rates for traders on different chains. KyberSwap supports over 13 chains including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Optimism, Velas, Aurora, Oasis, BitTorrent, Ethereum PoW, and soon Solana.
The Kyber Network Crystal token, or KNC for short, is an ERC-20 utility and governance token that serves as the bedrock of the KyberSwap ecosystem. KNC plays a critical role in governing KyberSwap through KyberDAO and facilitating its various operations. By and with KNC, users can participate in the KyberDAO governance process and shape the future of the KyberSwap ecosystem. In return for securing the Kyber network, KNC stakers also gain access to a host of other benefits such as gas refunds or protocol trading fee distribution. Launched on Ethereum in 2017, adheres to the ERC-20 standard, meaning seamless compatibility with EVM-based smart contracts. Since September 2019, all vested KNC tokens for founders and advisors have been unlocked and distributed.
Kyber Network
Kyber Network is an ona blockchain protocol enabling the exchange and conversion of digital assets.
Developer of a blockchain-based liquidity software designed to aggregate liquidity from a wide range of reserves. The company's platform facilitates easy conversion, exchange of tokens in any decentralized application, proxy payments as well as cross-chain payments from bitcoin and other cryptocurrencies, enabling clients to seamlessly receive payments from any token while mitigating the risks of price fluctuations for cryptocurrency trading.
Kyber Network was founded in 2017 by Loi Luu, Victor Tran, and Yaron Velner, and is headquartered in Singapore, Singapore. The Kyber Network is a decentralized exchange system operating under the Ethereum platform that allows instant on-chain transactions with guaranteed liquidity. It allows users to convert and exchange tokens, and other digital assets; autonomously pay with their own tokens; hedge against price fluctuation; and receive payments from a wide range of cryptocurrencies.
Kyber Network is a hub of liquidity protocols that aggregates liquidity from various sources to provide secure and instant transactions on any decentralized application (DApp). The main goal of Kyber Network is to enable DeFi DApps, decentralized exchanges (DEXs) and other users easy access to liquidity pools that provide the best rates.
All transactions on Kyber are on-chain, which means they can be easily verified using any Ethereum block explorer. Projects can build on top of Kyber to utilize all the services offered by the protocol, such as the instant settlement of tokens, liquidity aggregation, and a customizable business model.
Kyber looks to solve the liquidity issue in the decentralized finance (DeFi) industry by allowing developers to build products and services without having to worry about liquidity for different needs.
The Kyber Network Crystal (KNC) token is a utility token that is the "glue that connects different stakeholders in Kyber's ecosystem." KNC holders can stake their tokens in the KyberDAO to help govern the platform and vote on important proposals --- and earn staking rewards in Ethereum (ETH) that come from trading fees.
Kyber Network began its development in 2017 and is built on top of the Ethereum blockchain. The project was founded by Loi Luu, Victor Tran and Yaron Velner, and currently has its headquarters in Singapore.
Loi Luu is a blockchain researcher and an advisor for various blockchain projects. He developed Oyente, the first open-source security analyzer for Ethereum smart contracts, and co-founded SmartPool, among other decentralized projects.
Victor Tran is a senior backend engineer and Linux system administrator. He was the CTO at Clixy and 24/7 Digital Group as well as a developer for several projects in Vietnam.
Yaron Velner is the current CEO of B.Protocol, a decentralized backstop liquidity protocol, and was a postdoctoral researcher. Velner stepped down from his CTO position at Kyber in October 2019 but remains as an advisor.
The Kyber team is also composed of several executive advisors, engineers and designers. According to the official Kyber Network LinkedIn page, the company has over 50 employees --- most of which are based in Vietnam or Singapore.
The Kyber Network held their Initial Coin Offering on September 15, 2017 raising around 2,000 ether (~$48,000,000 USD) in funding.
On December 2, 2017 Kyber Network and imToken, a digital asset wallet, announced they will be integrating their platforms to improve their instant exchange services.
On April 24, 2018 Kyber Network began offering its token swap services, and integrated its liquidity protocol with MyEtherWallet. On April 30, 2018 the Kyber Network exchange officially became open to all MyEtherWallet users.
February 15, 2022
We would like to thank everyone who participated in our ZKyber testnet campaign and gave us feedback!
Since the early days of Ethereum and DeFi, Kyber had been at the forefront of Ethereum Layer 2 scaling research. Our research work on Elastico was the first proposed sharding solution for public blockchains and directly inspired the design of Zilliqa, a promising scalable blockchain project. We previously contributed to Plasma research and more recently we deep dived into the tradeoffs between different Rollup solutions. Ethereum remains a key pillar of DeFi and ‘ZKyber’ is Kyber’s latest contribution towards L2 scaling research to help improve Ethereum’s user experience and advance its ecosystem.
With our ZKyber testnet, we wanted to showcase the huge potential of a ZK-Rollup-based L2 scaling solution that makes trading on Ethereum faster, cheaper, and fairer, without sacrificing security. To recap, Zkyber has 100x better performance than Ethereum, close to the performance of a centralized exchange while preserving Ethereum’s decentralization and security. ZKyber greatly reduces fees and latency, and also provides front-running and ‘sandwich attack’ resistance. Read our previous post on ZKyber.
ZKyber is an important step towards making DeFi trading truly seamless and effortless — We have taken these learnings and you will hear about more initiatives from us soon this year, the 5th Anniversary of Kyber Network.
$50,000 ZKyber Testnet Giveaway
5921 wallet addresses fulfilled the criteria stipulated earlier and are eligible to claim KNC rewards on KyberSwap. Each wallet will receive roughly 8 USD worth of KNC. Some further elaborations below.
To be eligible, ZKyber users must have completed the following before the deadline of 31 Jan, 2022, 11.59pm GMT+8.
On ZKyber
On Ropsten testnet, complete at least 2/3 of the following:
1. Swap Tokens
2. Add or Remove Liquidity
3. Deposit tokens from Ropsten testnet L1 to ZKyber L2
AND
On KyberSwap
On ANY mainnet chain/network KyberSwap supports (Ethereum, Polygon, BSC, Avalanche, Fantom, Cronos) make at least 1 trade or add any liquidity before the deadline.
How to claim
Claiming will be done on the Polygon network on KyberSwap instead of Ethereum as it has cheaper gas costs. Most users who participated in ZKyber also conducted transactions on Polygon.
1. Visit KyberSwap and connect your wallet. This has to be the wallet you used to fulfill the ZKyber campaign criteria
2. Switch your network to Polygon
3. Click on the menu option at the top right and then click the ‘Claim Rewards’ button
4. In the dialog that opens, you will see the KNC reward amount you are eligible to claim
5. Click the ‘Claim’ button
6. You have 6 months to claim your KNC rewards on KyberSwap Polygon
Note: You will need some MATIC tokens in your wallet to pay for gas before you can claim the KNC rewards
ZKyber On-chain Statistics
Number of Swap Transactions : 17,337
Number of Add Liquidity Transactions: 13,338
Number of Remove Liquidity Transactions: 9,149
Total ETH distributed through our faucet: 37.8 ETH
Total ETH deposited from L1 to L2: 19,726 ETH
Total ETH withdrawn from L2 to L1: 88 ETH
Number of Wallet Addresses used in the testing: 15,547
Other Statistics
Number of Feedback Responses — 2590 Responses
Total Page Views — 450,000+ Page Views
Number of Users by Country (Top 3):
India — 4,374 Users
Taiwan — 3594 Users
Indonesia — 3,021 Users
Scaling Ethereum Together
ZKyber is a product of Kyber’s research and development initiatives and our way of giving back to the Ethereum community and we hope that it helps expedite the progress of L2 scaling research, especially in the field of ZK-Rollups. We welcome all Ethereum researchers and developers to reach out to learn more about how they can use ZKyber and work with us to advance the DeFi space together.
About Kyber Network
Kyber Network is delivering a sustainable liquidity infrastructure for DeFi. As a liquidity hub, Kyber connects liquidity from various protocols and sources to provide the best token rates to Dapps, aggregators, DeFi platforms, and traders.
Through Kyber, anyone can provide or access liquidity, and developers can build innovative applications, including token swap services, decentralized payments, and financial Dapps — helping to build a world where any token is usable anywhere. Kyber is powering more than 100 integrated projects and has facilitated over US$8 billion worth of transactions for thousands of users since its inception.
KyberSwap, the latest protocol in the liquidity hub, provides the best rates for traders and maximizes returns for liquidity providers.
November 25, 2017
The cryptocurrency exchange Binance lists KNC on their platform.
November 15, 2017
Kyber Network raised $48 million during their ICO.
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