A year ago, KyberSwap began a fruitful partnership with Avalanche, beginning with a $5.8 million liquidity reduction campaign under our Avalanche Rush program. Since then, this partnership has helped generate over $61 million in TVL and over $10 billion in total trade volume for KyberSwap.
Now, KyberSwap Avalanche Bulls continues to incentivize liquidity providers to deposit and deploy their liquidity positions on their latest protocol, KyberSwap Elastic.
Beginning September 26th, KyberSwap will host Phase 3 of Avalanche Rush featuring 17 farms bringing up to $2 MILLION in Bounty Incentives to Avalanche Liquidity Providers. The first phase of Phase 3 is set to bring liquidity providers over $250,000 in KNC and AVAX liquidity mining rewards with more incentives are set to come in the next phases.
Why add liquidity on KyberSwap Elastic?
KyberSwap’s latest protocol, dubbed Elastic, is a tick-based AMM that offers liquidity providers (LPs) the benefits of concentrated liquidity and the flexibility to achieve capital efficiency and manage risk.
With concentrated liquidity, LPs can add liquidity to an elastic pool by either “concentrating” liquidity in a narrow price range or fixing it in a broader price range.
Concentrated liquidity would use pool liquidity more efficiently, mimicking a much higher level of liquidity and generating better slippage, volume and returns for LPs, while a wider spread would ensure liquidity for uncorrelated token pairs like USDC-ETH remain active even at large values would price fluctuations in high market volatility.
KyberSwap Elastic also features a reinvestment curve that increases fees by automatically reinvesting LPs’ fee income back into the liquidity pool, allowing LPs to earn higher APYs while saving time.
LPs on KyberSwap Elastic can also choose from multiple fee tiers to select the most appropriate rates for individuals, taking into account factors such as token volatility, individual risk tolerance, etc.
Additionally, KyberSwap Elastic has a Just-in-Time (JIT) attack protection feature that protects LP earnings from snipe attacks that would reduce the earnings of other honest liquidity providers. So LPs can earn safely and have peace of mind at the same time.
Learn more about KyberSwap Elastic here.
Important Details: Eligible Pools (Fee Level):
- USDC-USDT (0.01%) *KNC Awards only
- AVAX-USDC.e (0.04%)
- AVAX-USDC.e (1%)
- AVAX USDC (0.04%)
- AVAX USDC (1%)
- AVAX-WETH.e (0.04%)
- AVAX-WBTC (0.04%)
- AVAX-DAI.e (0.3%)
- WETH.e-USDC (0.04%)
- AVAX MIM (0.3%)
- KNC-WETH.e (0.3%)
- KNC-AAVE (0.3%)
- KNC LINK (1%)
- KNC-MAY (1%)
- MAY USDC (0.04%)
- SAVAX USDT (1%)
- USDC-USDC.e (0.01%) *AVAX Awards only
*The full list of eligible pools for yield farming on Avalanche can be viewed here.
KyberSwap: Avalanche ecosystem benefits
1. For dealers
- Best swap rates for USDC, USDT, ETH, DAI, MAI, AAVE, LDO, StMATIC, WBTC, and KNC tokens through DEX aggregation while allowing users to identify other tokens even before they do trend/monden via on-chain metrics
2. For liquidity providers
- Concentrated liquidity for each token pair, stable and non-stable
- Automatically compounded LP (Liquidity Provider) fees.
- Bonus liquidity incentives through yield farming
- Sniping/just-in-time attack protection to protect revenue for Avalanche LPs
3. For developers
- Dapps can integrate with KyberSwap’s pools and aggregation API to provide the best rates for their own users, saving time and resources.
KyberSwap is proud to partner with the Avalanche Foundation on this initiative to improve liquidity on the Avalanche Network for the benefit of both ecosystems.
About Kyber Network
Kyber Network is building a world where any token is usable anywhere. KyberSwap.com, its flagship DEX aggregator and liquidity platform, offers the best rates for traders in DeFi and maximizes returns for liquidity providers.
KyberSwap supports more than 100 integrated projects and has facilitated over $9.9 billion worth of transactions for thousands of users since its inception. It is currently deployed on 12 chains including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Velas, Aurora, Oasis, BitTorrent and Optimism.
Community & Social Media:
CyberSwap | discord | Website | Twitter | Forums | Blog | Reddit | GitHub | KyberSwap Documentation
Disclaimer
All information contained on our website is published to the best of our knowledge and for general information purposes only. Any actions taken by the reader based on the information contained on our website are entirely at your own risk.
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