1 year ago, KyberSwap began a fruitful partnership with Avalanche, starting with a US$5.8 million liquidity mining campaign as part of our Avalanche Rush program. Since then, this partnership has helped bring over $61 million in TVL and more than $10 billion in Total Trading Volume for KyberSwap.
Now, KyberSwap is continuing to provide Avalanche bulls with more incentives for liquidity providers who deposit and stake their liquidity positions on their newest protocol KyberSwap Elastic.
Commencing on 26th Sept, KyberSwap is hosting Phase 3 of Avalanche Rush, with 17 farms bringing Avalanche liquidity providers up to $2 MILLION in reward incentives. The first stage of Phase 3 is set to bring liquidity providers over $250,000 in KNC, and AVAX liquidity mining rewards, with more incentives, are planned to come over the next phases.
Why Add Liquidity on KyberSwap Elastic
KyberSwap’s newest protocol, dubbed Elastic, is a tick-based AMM that gives Liquidity Providers (LPs) the advantages of concentrated liquidity and the flexibility to achieve capital efficiency and manage risks.
With concentrated liquidity, LPs can supply liquidity to an Elastic pool either by “concentrating” the liquidity to a narrow price range or set to a wider price range.
Concentrated liquidity would use the pool’s liquidity more efficiently, mimicking much higher levels of liquidity and achieving better slippage, volume, and earnings for LPs, while a wider range would ensure liquidity for uncorrelated token pairs such as USDC-ETH would remain active even with big price swings during high market volatility.
KyberSwap Elastic also has a Reinvestment Curve, which compounds fees by automatically reinvesting the fee earnings of LPs back into the liquidity pool, so LPs earn higher APYs while saving time.
LPs on KyberSwap Elastic can also choose from multiple fee tiers to select the best-suited rates for individuals taking into consideration factors such as token volatility, individual risk appetites, etc.
In addition, KyberSwap Elastic comes with a Just-in-Time (JIT) Attack Protection feature, which protects LP earnings from snipe attacks that would reduce the earnings of other honest liquidity providers. So LPs can earn securely while enjoying peace of mind.
Important Details: Eligible Pools (Fee Tier):
- USDC-USDT (0.01%) *KNC rewards 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-MAI (1%)
- MAI-USDC (0.04%)
- SAVAX-USDT (1%)
- USDC-USDC.e (0.01%) *AVAX rewards only
*Full list of eligible pools for Yield Farming on Avalanche can be viewed here.
KyberSwap: Benefits for Avalanche Ecosystem
1. For Traders
- Best swap rates for USDC, USDT, ETH, DAI, MAI, AAVE, LDO, StMATIC, WBTC, and KNC tokens through DEX aggregation while letting users identify other tokens even before they trend/moon via on-chain metrics
2. For Liquidity Providers
- Concentrated liquidity for any token pair, stables, and non-stables
- Auto-compounded LP (liquidity provider) fees
- Bonus liquidity incentives through yield farming
- Sniping/Just-in-time attack protection to protect the earnings 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 Avalanche Foundation in this initiative to enhance liquidity on Avalanche Network for the benefit of the two 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, provides the best rates for traders in DeFi and maximizes returns for liquidity providers.
KyberSwap powers 100-plus integrated projects and have facilitated over $9.9 billion worth of transactions for thousands of users since its inception. It is currently deployed across 12 chains, including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Velas, Aurora, Oasis, BitTorrent, and Optimism.
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