Welcome to KyberSwap’s February Product Update!
We are excited to share with you the latest updates and improvements to our platform that will further enhance your trading experience. Our team has been working hard to bring you new features and improvements that we believe will make KyberSwap an even better choice for all your decentralized needs.
In this blog post, we will dive into the details of our latest product updates, including new DEX integrations, improvements to our trading interface, and enhanced security measures to keep your assets safe. We hope you find these updates as exciting as we do and that they will enable you to make the most out of your trading experience on KyberSwap.
Thank you for your continued support, and let’s jump in!
1) Improved Aggregator Routing APIs
At KyberSwap, we understand the fast-paced nature of market conditions. To ensure that your trades are always processed through the optimal trade routes, we have upgraded our KyberSwap Aggregator API to enable more efficient route queries. This has been made possible by separating the encoding requirements into a distinct API call.
You no longer have to worry about market fluctuations while waiting for your trade route to load.
For developers, the latest version of our Aggregator API, V2, is available on our Docs. It’s important to note that we’ve made the V2 API backwards compatible with the existing V1 API to make the transition as seamless as possible. This means you can still choose your encoding options. We recommend using the Aggregator V2 API flow for an improved user experience.
2) Improved Adding Liquidity Function on KyberSwap Elastic
On 8th Feb, we released an exciting new feature that is sure to be a game changer for Liquidity Providers.
With just 1 click, LPs can add multiple positions into a pool, making it easier than ever to manage their liquidity. This feature has not been seen on any other decentralized exchange on the market.
This is a major game changer for LP as this update comes with 4 preset price ranges: Full Range, Safe. Common and Expert.
Do take note that the exact +/- percentages depend on the correlation between the token pairs. For full details, please refer to our User Guides for Creating a New Pool.
When a user adds liquidity to a pool, they can quickly select the range that is suitable for the token pair they are adding liquidity for. If needed, they can edit the range as they choose. Based on the LP’s choice, the estimated risk and profit of each range will be displayed, helping users optimize their risk-reward tolerance.
This new feature is available on KyberSwap Elastic. Users simply need to select the pool they want to add liquidity to, then select the price range based on the presets provided or input a custom range. They can then evaluate their choices with the risk/profit display and gain decision-making insights with the price chart. By allowing users to optimize their capital better based on individual risk tolerance, KyberSwap is helping LPs trade smarter than ever before.
3) Wallet UI
As our team constantly works towards improving user experience, we are pleased to release a new feature to our UI to provide users with a more interactive and convenient experience.
This improved wallet UI allows users to view all of their wallet and token balances while making a transaction. Users can now enjoy quick access to their balances and transaction history all within the KyberSwap interface without having to juggle multiple wallet applications.
The new wallet UI also features a pinned wallet UI that is movable around the screen. This will enable users to conveniently view ALL their wallet and token balances while making a transaction.
Whether you’re a seasoned crypto trader or just starting out, KyberSwap’s new wallet UI will make it easier for you to manage your assets and trade smart.
4) Improved APR Calculations for Elastic Pools
At KyberSwap, we believe in the power of community-driven initiatives and greatly value the feedback and opinions of our community. That is why we are excited to announce that our latest improvement was developed in response to the valuable input provided by our very own community.
After realizing our users are experiencing different APR yields than what was reflected in our UI, we’ve examined our structure and made adjustments so that the average APR will be updated every 30 minutes as opposed to 24 hours.
The APR calculation was modified to take more samples during the day and hence provide a more accurate estimate by minimizing the impact of market volatility. As such, the improvement comes from increased sampling rate as opposed to more calculation refreshes.
This will balance out the TVL to reflect a more accurate APR for liquidity providers.
Do take note the APR calculation takes into account the active price ranges for the day, hence the APR may vary according to the range specified by the user. For more information on APR calculations and how you can maximize your APR, please refer to our Docs.
5) Farm UI Revamp
We’ve implemented some UI improvements on our Farms page to provide a more seamless experience for our Elastic Liquidity providers. Here’s what we’ve done:
a) We’ve added a feature that displays Upcoming Farms so LPs can plan ahead and prepare their funds accordingly.
b) To make navigation more efficient, we’ve optimized the space on the page to display more Farms in one view.
c) A new token filter has been added to allow users to easily find Farms based on specific tokens.
d) LPs can now view multiple positions and a gauge that indicates their in/out price ranges.
Check out our Farms page to see these improvements in action!
6) DEXes Integrated
As a DEX aggregator, KyberSwap is continuously integrating new DEXs so we can ensure deeper liquidity and our users get the best rates for their trades every time.
Here are the DEXs we’ve integrated into our aggregator system during the month of February.
1) Dooar
Launched by Move-to-Earn Web3 platform StepN, Dooar is a multi-chain Decentralized Exchange built by Find Satoshi Lab for StepN users and beyond.
Available on both the StepN app and as a front-end DEX, Dooar seeks to channel sustainability into STEPN’s ecosystem while giving back to their community simultenously.
Dooar is currently deployed on Ethereum, BNB and Solana.
2) Fraxswap
Frax Finance is the first hybrid stablecoin protocol backed by both collateral and algorithms. Their native DEX, Fraxswap, is the first automated market maker with time-weighted average market maker orders.
Fraxswap is one of the top in terms of on-chain liquidity and is currently deployed on 14 chains, including but not limited to Ethereum, Arbitrum, Avalanche, Aurora, BNB, Fantom, Optimism and Polygon.
You may also refer to our Docs for the full list of DEXs integrated on KyberSwap.
This wraps up our KyberSwap February Product Update!
Eager to know what new features are coming up next? Check out our Product Roadmap to know what the Kyber team has planned for you!
Have a great idea for a new product feature you’d like to see on KyberSwap? Make a Request here for our Product Team to evaluate and consider.
Stay tuned for more updates from KyberSwap as we continue to improve their product and bring more value to their users.Trade smart with KyberSwap.
