Welcome to KyberSwap’s July 2023 Product Update!
Experience the power of KyberSwap’s latest features, designed to enhance your DeFi journey. Combining experience & innovation, our team has been working hard to bring you new features and improvements to ensure KyberSwap remains the go-to platform for your decentralized needs.
Dive in and explore the wonders of our latest KyberSwap updates!
As liquidity providers ourselves, we understand the frustration of constantly having to juggle and track returns across multiple tokens spread out over multiple chains. With the introduction of KyberSwap’s My Earnings dashboard, LPs will finally be able to track their liquidity provision earnings across all supported chains in a single page! View your historical and current earnings broken down chains, individual tokens, and even different timeframes.
My Earnings will initially be rolled out for KyberSwap Elastic (including Legacy) with support for KyberSwap Classic coming very soon. My Earnings will eventually replace the current My Pools page providing LPs with a comprehensive view of all their earnings across all KyberSwap liquidity protocols.
Visit our Docs to read more about how you can save time by using KyberSwap’s Earnings Dashboard.
With the introduction of SIWE(Sign In With Ethereum), users can now log into Web3 compatible services using just their Ethereum wallet. In other words, dapps can easily verify that users are “who they say they are” without the need of a centralized identity provider.
KyberSwap has integrated SIWE enabling our users to enjoy more personalized and secured services while still maintaining total control over their own digital identities and how their personal data is shared. Users who are signed in also enjoy more secured access to the many value-added off-chain services such as KyberAI, notifications, etc. Users can easily sync their profiles across multiple devices with SIWE or opt for QR code syncing of guest profiles.
Please refer to our Docs for a full list of customization options available as well as further information on security improvements and data handling.
KyberSwap has implemented a gas refund program following strong community support in our governance forum and feature request page. KNC stakers are now able to enjoy gas refunds for swaps completed on Ethereum. Based on the amount of KNC staked, users will be able to recoup an increasing proportion of the gas fees incurred when trading on KyberSwap. Gas refunds are in KNC and can be claimed at the end of each 2-epoch cycle (~every 4 weeks).
Please refer to our Docs for the full details of the gas refund program as well as guides on how to earn “gasback” for swaps on Ethereum.
To protect transactions on Ethereum against MEV strategies, KyberSwap now provides users with the option to select MEV protected RPCs such as Flashbots and MEVBlocker. Transactions via such RPCs will undergo a different transaction ordering process and therefore enjoy protection from multiple MEV strategies.
Please refer to our Docs for more information on how you can safeguard your Ethereum trades as well as the pros and cons of using MEV protected transaction ordering.
Building on the popularity of KyberSwap on the Linea Goerli Testnet, users can now trade at superior rates on Linea Mainnet! As part of the pioneering batch of dapps, KyberSwap Aggregator will optimize rates through connecting liquidity across the following DEXs:
Expect much deeper liquidity as Linea Mainnet infrastructure matures and more liquidity protocols are deployed. Do lookout for future announcements as there are a host of exciting DEX integrations which are already in the pipeline. KyberSwap users can look forward to even better rates and yields on Linea Mainnet.
Please visit our Docs to view the full list of Supported Exchanges And Networks.
6. More liquidity sources with newly integrated DEXs
As an aggregator, KyberSwap is constantly working together with the wider DEX community to create synergies and expand the DeFi liquidity network. Through sourcing and connecting various liquidity sources, KyberSwap ensures that users will always get the best rates while trades are always routed to the most efficient DEXs.
During the month of July 2023, we are happy to welcome the following DEXs into our Aggregator ecosystem:
The most popular AMM on BSC by user count! Earn CAKE through yield farming or win it in the Lottery, then stake it in Syrup Pools to earn more tokens! Initial Farm Offerings (new token launch model pioneered by PancakeSwap), NFTs, and more, on a platform you can trust.
EchoDEX is designed for fast and secure trading of cryptocurrencies, with the added benefit of being built on a trusted network (Linea Consensys).
EchoDEX prioritizes low fees to ensure that users can trade without being burdened by high transaction costs. Additionally, it also features aggregators liquidity, allowing users to access a wider range of liquidity pools, thereby increasing the efficiency of their trades. In addition to trading, EchoDEX offers users the opportunity to earn $ECP tokens through various means, including swapping their cryptocurrencies, participating in farming programs, or staking their tokens.
EchoDEX joins more than 80 other DEXs that are building on top of the KyberSwap Aggregator ecosystem. You can view the full list of supported exchanges on our Docs.
This wraps up our KyberSwap July 2023 Product Update!
Check out our Product Roadmap for a peek at new and exciting features which the KyberSwap team is busy building. You can even create a new product feature request if you have a great idea which you’d like to see on KyberSwap!
KyberSwap continues to grow with the support of our community and we are eager to get our new and improved features into the hands of users as soon as possible. The KyberSwap team strongly believes that our product will continue to drive more value for our users as they navigate the complex world of DeFi.
Trade smart with KyberSwap.
