Because of the recent FTX scandal, we are experiencing a tipping point in the way the crypto community will begin to manage its crypto assets.
From managing all your cryptos in a centralized exchange, we are now changing how we trade our cryptos: Connect our non-custodial wallets to decentralized exchanges. In this article, you will discover the benefits of using KyberSwap and some safe-related pools where you can invest your tokens.
Manage your Tokens with Low-Cost Fees, Securely and a Reward Program with KyberSwap
KyberSwap is a decentralized exchange (DEX) aggregator. This means that they optimize yields from other leading liquidity protocols’ pools by its dynamic trade routing technology with more than 12 blockchains and 70 DEXs. It lets users add liquidity to its pools and earn rewards with the lowest possible slippage and the best price guaranteed.
If you want to be safe, hold your assets in a defi wallet (eg @Metamask, @TrustWallet, @brave, @Ledger) and use https://t.co/9Bw8Izn3qT https://t.co/g4R3wPn327
— Kyber Network (@KyberNetwork) November 13, 2022
Nowadays, KyberSwap has more than $11.6 billion in trading volume with $74 million in Total Value Locked (TVL). and 467% as max APR available. With KyberSwap Elastic, liquidity is used more efficiently and users can earn more trading fees. This is because KyberSwap reinvests trading fees by adding them into related pools.
On the other hand, its mechanism prevents sniping attacks. Sniping attacks are when an attacker jumps in front of normal liquidity providers by adding and removing liquidity just before and after a huge swap. So, to protect users, KyberSwap created an anti-sniping feature.
馃У1/5
Recent events brings up the question – who can we trust?While proof-of-reserves may be a solution for #CeFi, #DeFi has been operating with full transparency on the #blockchain
— Kyber Network (@KyberNetwork) November 10, 2022
Everyone can Provide Liquidity in KyberSwap
A very important feature of KyberSwap is that anyone can fund their tokens and earn good rewards for them. Nowadays, thousands of users and diverse dApps (decentralized applications) are already providing liquidity with no KYC processes, no extra deposit, and the possibility to list tokens in a permissionless way. You can inject liquidity and create a new pool here.
So, if you want to get some stable pools in KyberSwap, here are four of them:
1) USDC – BUSD (BNB Chain)
TVL: $637,180.
APR: 8.35%
24-hour trading volume: $1.82 million.
24-hour fees: 0.008%
Add liquidity to this pool here, select the fee tier, and deposit USDC / BUSD.
馃尡Earn organic yields safely with #KyberSwap
馃搱Up to 300+% APRs with #stablecoin pairs $USDC $MAI $WETH $USDT $DAI馃憤Trade & earn while keeping full custody over your own assets on https://t.co/NGZZ5KrpbF pic.twitter.com/elX1qSvo9M
— Kyber Network (@KyberNetwork) November 14, 2022
2) USDT聽– USDC (AVAX Chain)
TVL: $629,090.
APR: 31.28%
24-hour trading volume: $420,59 million.
24-hour fees: 0.01%
Add liquidity to this pool here, select the fee tier, and deposit USDC / USDT.
3) USDC-USDT (MATIC)
TVL: $831,078.
APR: 12.37%
24-hour trading volume: $1.93 million.
24-hour fees: 0.008%
Add liquidity to this pool here, select the fee tier, and deposit USDC / USDT.
4) wstETH – ETH (Arbitrum)
TVL: $1.2 million.
APR: 21.26%
24-hour trading volume: $1 million.
24-hour fees: 0.01%
Add liquidity to this pool here, select the fee tier, and deposit USDC / USDT.
With highly correlated pairs, Kyber can hold popular tokens and still earn with farming with very little risk of impermanent loss. The price of stETH doesn’t diverge from the ETH price, and so on with the other tokens.
These are just 4 examples this excellent aggregator has to offer. So give KyberSwap a try today and use their aggregator to get access to one of the best DeFi exchange rates from 12 chains and 70+ DEXs today.
猬嗭笍For more cryptocurrency news, check out the聽Altcoin Buzz聽YouTube channel.
猬嗭笍 Check out our most up-to-date research, NFT and Metaverse buy, and how to protect your portfolio in this market by checking out our聽Altcoin Buzz Access聽group. And for a limited time, it鈥檚 FREE. Just click the link and try it today.