Sponsored
Singapore – August 17 – Lido Finance Lido Finance, a giant in the ethereal staking world, isto increase polygon liquidity. KyberSwap Elastic
Lido Finance is the largest platform for liquid staking services on Ethereum; providing its technology to DeFi and CeFi applications, Lido Finance stakes on a network of stakeholder supported The first phase of this joint initiative is set to bring liquidity mining rewards of over $120,000 to liquidity providers, with further incentives in the near future. set to.
What is KyberSwap Elastic?
KyberSwap’s newest protocol is namedElastic is a tick-based AMM that gives liquidity providers (LPs) the benefits of centralized liquidity and the flexibility to achieve capital efficiency and risk management.
Concentrated Liquidity gives an LP the flexibility to “concentrate” liquidity in an elastic pool and provide it in a narrow price range or in a wide price range. Concentrated liquidity uses the pool’s liquidity more efficiently, mimicking higher levels of liquidity and achieving better slippage, volume, and profitability for the LP, while a wide range ensures that the liquidity of uncorrelated token pairs such as USDC-ETH, even when prices fluctuate widely during times of market volatility can ensure that liquidity remains active.
and Reinvestment Curve, which compounds fees by automatically reinvesting an LP’s fee earnings into a liquidity pool, allowing LPs to earn higher APYs while saving time.
KyberSwap Elastic’s LPs can also choose the best rate for the individual from multiple commission tiers, taking into account token volatility and personal risk tolerance. In addition, KyberSwap Elastic features just-in-time (JIT) attack protection, which protects an LP’s revenues from snipe attacks that can reduce the revenues of other honest liquidity providers. This allows LPs to safely generate revenue while providing peace of mind.
Effective August 17, 2022, liquidity providers may choose from five sMATIC-eligible pools of KyberSwap Elastic deepen liquidity and earn $LDO & $KNC rewards.
The Cover Swap Elastic protocol allows LPs to benefit from liquidity concentration and fee compounding, providing higher capital efficiency and optimized compensation. In addition, Cover Swap Elastic has Just In Time (JIT) protection, allowing LPs to feel more secure and protected in their earnings.
KyberSwap Elastic’s Lidpool (polygon)
- 67} stMATIC-WMATIC (0.01%)
-
- USDC-stMATIC (0.04%)
- stMATIC-USDT (0.04%)
- (0.04%)
- stMATIC-DAI (0.04%)
- stMATIC-MAI (0.04%)
- (0.01%)
stMATIC-USDT (0.04%)
stMATIC-DAI (0.04%)
*For a full list of pools eligible for Yield Farming You can check it here
KyberSwap: Benefits to the Lido Ecosystem
- for traders
- for liquidity providers
- stMATIC pairs and other tokens, stabled and unstabled centralized liquidity
- {106
- LP (liquidity Provider) fees automatically calculated
- Bonus liquidity incentives with yield farming
- Sniping/Just-in-Time Attack Protection to protect Lido LP revenue
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Dapps can be integrated with KyberSwap pools and can integrate with the Aggregation API and integrate with
the best rates for your own users, saving you time and resources.
Khyber Swap is proud to partner with Lido Finance on this initiative that will enhance liquidity on Polygon for the benefit of all three ecosystems.
Khyber Swap will also work with Lido Finance on their expansion to Layer 2 scaling services.
KyberSwap x Polygon Trading Contest
In addition to Lido Yield Farms, KyberSwap is offering 500 winners from August 16~03:00 UTC through August 30~15:59 UTC a Polygon Chain exclusive trading contest with a reward pool of 28,000 USDC. Traders must trade a minimum of
$50 to trade and see their position ranked on the Trading Leaderboard. For more information, see 135} KyberSwap campaign page.
About Kyber Network
Kyber Network is building a world where any token can be used anywhere.
CoverSwap.com{147 is our flagship distributed exchange (DEX) aggregator and liquidity platform, providing DeFi traders with the best rates and maximizing returns for liquidity providers
KyberSwap has boosted over 100 integrated projects and facilitated transactions worth US$9.9 billion for thousands of users since its inception. It is currently deployed on 12 chains including Ethereum, BNB Chain, Polygon, Avalanche, Phantom,
deployed on 12 chains including Cronos, Arbitrum, Velas, Aurora, Oasis, BitTorrent, and Optimism.
157}Khyber Swap | Discord | Website | Twitter | Forum | Blog | Reddit | Github | KyberSwap Documentation
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