KyberSwap Brings Capital Efficiency and the Best Token Rates to Fantom

DeFi’s first Dynamic Market Maker will enable the best prices for traders and higher capital efficiency and returns for LPs on Fantom

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Kyber Network

6 min readOct 22, 2021

KyberSwap (previously known as DMM), a DEX aggregator and DeFi’s first multi-chain dynamic market maker protocol, has launched on the Fantom network, bringing the best token prices and enhanced liquidity to Fantom users!

After our beta launch on Ethereum a few months ago, we have also successfully expanded to the Polygon, BSC and Avalanche networks.

Total Trade Volume: Over $2B
Over $4M in fees collected for close to 10,000 liquidity providers
All-time-high TVL of ~$500M and $50B in Amplified Liquidity
Integrated by Dapps such as Coin98 Wallet, Kattana Trade, Rome Terminal, as well as other top Aggregators such as 1inch, Paraswap, 0x API, Matcha and Slingshot.

We now look forward to providing better token prices and enhanced liquidity for the increasingly popular Fantom network!

What is Fantom?

Fantom is a fast, secure, and highly scalable asynchronous distributed ledger that allows people to develop smart contract applications with low transaction fees. The Fantom ecosystem is growing rapidly with $5.5 billion in TVL and hundreds of Dapps deployed. Ethereum assets can be easily migrated via the Fantom Bridge and the KNC (Kyber Network Crystal) token will soon be supported.

Bringing Better Token Prices and Liquidity to Fantom

KyberSwap is an extremely capital efficient and flexible liquidity protocol that enables traders and liquidity providers to maximize the use of their token assets.

Traders and Dapps can swap any token at the best token prices through dynamic trade routing across different Fantom DEXs. In addition, at a fraction of the TVL compared to typical AMMs, KyberSwap is able to provide better liquidity and very low slippage for popular token pairs, so liquidity providers enjoy higher capital efficiency and returns.

At launch, 7 DEXs and 5,000 liquidity pools have been integrated on Fantom — SpookySwap, SpiritSwap, PaintSwap, JetSwap, Sushi, Curve and also KyberSwap.

This improves the overall trading and liquidity provision experience for Fantom ecosystem users, Dapps and NFT games!

A portion of KyberSwap trading fees on Fantom will go to KyberDAO and subsequently to KNC voters, complementing the existing KyberSwap deployments on Ethereum, Polygon, BSC and Avalanche.

Accessing Fantom and Bridging Assets to the Network

Switching from Ethereum/Other networks to Fantom: On KyberSwap, click the Ethereum button at the top right corner to switch your network to Fantom or change your network to ‘Fantom’ on your Metamask Wallet extension directly. Instructions on how to set up Fantom on Metamask can be found here: https://docs.fantom.foundation/tutorials/set-up-metamask

Fantom Scan network explorer: https://ftmscan.com/
Fantom Bridge: https://multichain.xyz/

Note: KNC tokens are NOT available on the Fantom network at this time. We are working closely with the Fantom Foundation and Anyswap team to add KNC to the bridge.

How to Trade at the Best Prices on Fantom

On the ‘Swap’ page of KyberSwap, simply select the two tokens you wish to swap.

KyberSwap’s Dynamic Trade Routing algorithm would aggregate liquidity, automatically searching multiple DEXs to identify and select the optimal trade routes and best prices for you! You can see exactly which DEXs were involved in the trade and the % split between them. You can also see how much you save!

Start trading now! More DEXs, pools and tokens will be added soon.

Add Liquidity to Earn Fees with your Crypto Assets

On the ‘Pools’ page, connect your wallet e.g. Metamask on the Fantom network.

Creating a new liquidity pool: Create a new liquidity pool for a token pair by clicking +Create a New Pool. Type in the ratio of tokens you wish to add (this sets the price of the pool) and the AMP factor*.

*AMP = Amplification factor. Amplified pools have much higher capital efficiency. Higher AMP, higher capital efficiency within a tighter price range.

Add liquidity to existing pools: Select a token pair and click the + icon. Add liquidity by depositing the required tokens into one (or more) pools. You will receive KyberSwap LP pool tokens in your wallet representing your pool share and start earning fees for that pool. Note that KyberSwap just launched on Fantom so there are only a few pools at the start.

View liquidity positions: On the ‘My Pools’ page, you can view all your liquidity positions and remove or add liquidity there. If you cannot see your liquidity position, click ‘Don’t see a pool you joined? Import it’ to add it manually.

We welcome all Fantom projects to reach out and propose joint liquidity mining campaigns with Kyber! Learn more here.

Why use KyberSwap?

Traders and liquidity providers on KyberSwap enjoy powerful benefits that are not available on typical AMMs.

Dynamic Trade Routing: Traders can swap tokens at the best prices. Liquidity is aggregated from different decentralized exchanges to achieve better prices for any token swap on supported networks. Much better prices compared to trading on individual DEXs.

Amplified Liquidity Pools: Liquidity providers use amplified pools that enjoy excellent capital efficiency with reduced trade slippage. With the same pool and trade size, stable token pairs with low variability in price (e.g. USDT/USDC) can enjoy up to 400 times better slippage compared to other platforms. Liquidity providers can provide better prices and earn more fees with less capital.

Dynamic Fees: Fees are adjusted dynamically based on market conditions to maximise returns and reduce the impact of impermanent loss for liquidity providers, with fees automatically accruing from transactions in the pool.

Fully permissionless: Anyone can create a pool or add liquidity to existing pools; while any Dapp, DEX aggregator, or end user can access this liquidity. KyberSwap is already integrated with 1inch, 0x, Matcha, and Slingshot, with more aggregators and Dapps on the way.

Reliable and Secure: KyberSwap’s codebase has been audited by external auditors such as Chain Security and is open source on Github for community review. KyberSwap doesn’t use 3rd-party oracles so it is not vulnerable to external oracle risks. KyberSwap is also covered up to $20 Million by decentralized insurance provider Unslashed Finance.

Invitation to DeFi Builders on Fantom

Kyber’s vision is to be the liquidity infrastructure for DeFi, which includes popular networks such as Fantom. This is Kyber’s first major step in building a sustainable and scalable liquidity infrastructure for the Fantom ecosystem.

We invite Fantom ecosystem players to use KyberSwap to trade at the best prices and add liquidity to enjoy higher capital efficiency and returns! Any Dapp or DEX Aggregator also can utilize the KyberSwap API to get excellent rates in their own DeFi Dapps, whether for decentralized trading, liquidity provision, or yield farming.

DeFi projects can also propose joint liquidity mining campaigns with Kyber and get KNC from our ecosystem fund.

For developers looking to build with KyberSwap, please check out our developer documentation.

Onward, Kyber Network!

For additional information, please contact Shane on Telegram https://t.me/shaneHk or Twitter https://twitter.com/shaneMkt

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.