EvryNet to Enhance $EVRY Token Liquidity on KyberSwap

EvryNet has chosen the highly capital efficient KyberSwap for better token liquidity on Ethereum, with $280,000 in $EVRY and $KNC liquidity mining rewards!

KyberSwap, the latest liquidity protocol powered by Kyber Network, has brought both high capital efficiency and optimized returns to Ethereum liquidity providers and token traders. The Kyber Network community (via KyberDAO) has also been voting on promising projects on Ethereum to drive adoption and increase both the number and liquidity of key token-pair pools on KyberSwap as well as incentivize them with attractive yield through the ‘Rainmaker’ liquidity mining campaigns.

These initiatives with key projects continue with the launch of a $280,000 joint liquidity mining campaign with EvryNet, a blockchain protocol focused on developing an inclusive, open-source platform to provide financial services and products catering to the unbanked/underbanked.

Collaboration with EvryNet

KyberSwap allows $EVRY token liquidity providers (LPs) to maximize the use of capital via:

• Amplified Liquidity Pools with extremely high capital efficiency; less tokens required to achieve better liquidity and rates compared to AMMs, so LPs can earn more with relatively less capital.
• Dynamic Fees that react to market conditions and optimize returns for LPs.
• Better Reliability & Security: Audited by ChainSecurity and insured up to $20M by Unslashed Finance.

Trade at the best rates on KyberSwap

In addition, $EVRY traders on KyberSwap get the best rates on Ethereum via its new Dynamic Trade Routing feature which aggregates liquidity from multiple DEXs on Ethereum including capital-efficient KyberSwap pools!

Add Liquidity and Farm $EVRY and $KNC

From ~Wed, 27th Oct at 9am ET/ 9pm GMT +8, liquidity providers can add any amount of liquidity to the eligible EVRY- ETH and EVRY-USDT pools on KyberSwap on Ethereum to unlock their share of the ~$280,000 in $EVRY and $KNC liquidity mining rewards over the next 3 months.

$EVRY rewards can be added back to the EVRY- ETH and EVRY-USDT pools to earn even more rewards. As the native asset of EvryNet, $EVRY can be utilized as transaction fees, yield farming, collateral and governance voting on the EvryNet platform.

KNC rewards can be staked on KNC pools or KyberDAO for additional KNC rewards or on KrystalGO for Token Sale allocations .

Important Details

• Start block: 13499600
• End block: 14084600
• Reward: ~$280,000 in EVRY and KNC
• Campaign Duration: ~ 3 months
• EVRY Vesting: ~14 days
• KNC Vesting: ~14 days
• EVRY token address: 0xd7dcd9b99787c619b4d57979521258d1a7267ad7
• KNC token address: 0xdeFA4e8a7bcBA345F687a2f1456F5Edd9CE97202
• EVRY-ETH pool: https://dmm.exchange/#/pools/ETH/0xd7dcd9b99787c619b4d57979521258d1a7267ad7
• EVRY-USDT pool: https://dmm.exchange/#/pools/0xdAC17F958D2ee523a2206206994597C13D831ec7/0xd7dcd9b99787c619b4d57979521258d1a7267ad7

How to Farm $EVRY and $KNC

1. Visit KyberSwap
2. Make sure you are on the Ethereum network.
3. Visit the Pools page and add liquidity for the eligible EVRY- ETH and EVRY-USDT pools, which has a raindrop 💧 icon (you will receive LP tokens representing your pool share)

1. Go to the Farm page and stake your LP tokens on the EVRY- ETH and EVRY-USDT farms. You will start receiving EVRY and KNC rewards, which can be harvested anytime.
2. Claim all harvested and unlocked EVRY + KNC rewards after 14 days (14-day vesting starts each time you harvest rewards).

About EvryNet

EvryNet is a blockchain protocol focused on developing an inclusive, open-source platform to provide financial services and products catering for the unbanked/underbanked. EvryNet’s first dAPP, Evry.Finance, is a multi-chain DEX that focuses on bringing institutional investors into DeFi and has been gaining momentum. Evry.Finance will include institutional specific features such as a multi-sig wallet, enterprise smart contracts, compliance reports, combination of orderbook and AMM/DMM as well as other financial products to facilitate institutional investors’ participation in DeFi.

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About Kyber Network

Kyber Network is delivering a sustainable liquidity infrastructure for DeFi. As a liquidity hub, Kyber connects liquidity from various protocols and sources to provide the best token rates to Dapps, aggregators, DeFi platforms, and traders.

Through Kyber, anyone can provide or access liquidity, and developers can build innovative applications, including token swap services, decentralized payments, and financial Dapps — helping to build a world where any token is usable anywhere. Kyber is powering more than 100 integrated projects and has facilitated over US$7 billion worth of transactions for thousands of users since its inception.

KyberSwap, the latest protocol in the liquidity hub, provides the best rates for traders and maximizes returns for liquidity providers.

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