KyberDAO Community Call #4 Recap

This article was first published on Kyber Network - Medium

Kyber 3.0 Phase 1, Kyber DMM launch, KNC token migration, and more!

In the latest community call, we covered the progress of Kyber 3.0’s Phase 1: Katana and addressed some of the common questions by the community. You can listen to a complete recap of the call here:

In case you didn’t know, Kyber 3.0 is a process made up of 2 phases in 2021.

Phase 1: Katana (Q1–2)

  • KNC Token and KyberDAO Migration
  • ️Kyber DMM protocol launch

Phase 2: Kaizen (Q3)

  • The full network upgrade with all the other planned improvements will be complete, with new liquidity protocols being developed for DeFi
  • Updates regarding Kyber’s scaling/L2 research and potential implementation

Launch of Kyber DMM beta

This quarter marked the launch of Kyber DMM, a next-generation AMM designed to dynamically react to market conditions to optimise fees and enable extremely high capital efficiency for liquidity providers.

Key advantages

✅Dynamic Fees: Protocol fees are adjusted dynamically based on market conditions to maximise returns and reduce the impact of impermanent loss for liquidity providers, with fees accruing automatically in the pools.

✅Amplified Liquidity Pools: Liquidity providers can customize the price curve in advance to create amplified pools that greatly improve capital efficiency and reduce trade slippage.

✅Fully permissionless: Anyone can add liquidity to Kyber DMM pools, while any taker (e.g. Dapp, aggregator, or end user) can access this liquidity.

Looking at the example of the amplified USDT-USDC pool, with actual deposits of $9.8M, an AMP of 100 means effective liquidity is actually 100 x $9.8m = $980M. With such high capital efficiency, any liquidity provider here can achieve better liquidity on Kyber DMM compared to using the same amount of capital on other platforms.


To keep reading, please go to the original article at:
Kyber Network - Medium

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