Categories: News

KyberSwap Integrated Arbitrum’s AMM Protocol Chronos To Expand New Liquidity

Key Points:

  • Chronos, Arbitrum’s AMM protocol, has been incorporated into KyberSwap, a decentralized trading platform backed by the Kyber Network protocol.
  • The goal of this integration is to increase KyberSwap liquidity and enhance transaction efficiency.
  • Chronos’ goal is to be the main liquidity hub on Arbitrum with ve(3,3) model.
KyberSwap, a decentralized trading platform supported by the Kyber Network protocol, has integrated Chronos, the Arbitrum ecosystem AMM protocol.

This integration aims to expand KyberSwap liquidity and improve transaction efficiency.

KyberSwap Integrated Arbitrum's AMM Protocol Chronos To Expand New Liquidity 3

KyberSwap is Kyber Network’s leading DEX aggregator and liquidity platform, which aims to provide the best swap rates to traders while allowing liquidity providers to maximize earnings through the efficient use of capital.

KyberSwap is known as the crystallized product of Kyber Network’s collective ambition, which is one of the best-decentralized exchanges to trade and make profits on platforms like Ethereum, Polygon, Binance Smart Chain, Avalanche, Fantom, Arbitrum, Aurora,… The platform was built with the desire to realize the goal of a “Decentralized Economy for Everyone.”

As of June 2022, KyberSwap is deployed on 11 chains with over 60 DEXs integrated and over 20,000 tokens supported.

Chronos, which started on April 27, is a so-called (3,3) exchange that uses staking as a key resource for accumulating value to its token in order to reach store-of-value status. The (3,3) paradigm was popularized by the Ethereum-based Olympus DAO, one of the most renowned initiatives during the last crypto market run.

KyberSwap Integrated Arbitrum's AMM Protocol Chronos To Expand New Liquidity 4

The protocol’s purpose is to become Arbitrum’s principal liquidity center. Employ ve(3,3) model to extract liquidity and consumers from the ecosystem.

Certain Chronos liquidity pools offer as much as 2,000% to liquidity providers (LP) in the form of CHR tokens, which may be used to vote on protocol improvements. LPs are entities that offer two separate tokens to a decentralized exchange’s smart contracts in return for a percentage of the fees imposed by the exchange on each transaction.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Bitcoin Trading Volume Skyrockets to $145 Billion as Retail Investors Return

Bitcoin trading volume has surged to an all-time high of $145 billion in the last…

35 minutes ago

Italy Considers Reducing Proposed Italy Crypto Tax to 28%

Italy considers lowering its proposed Italy crypto tax increase to 28% from an initial 42%,…

4 hours ago

Bitcoin Spot ETF Inflows Reach $818M Amid 5-Day Positive Streak

Bitcoin Spot ETF Inflows Hit $818M as Net Inflow Streak Extends to 5 Days, with…

4 hours ago

Elon Musk Invests $200M in Trump, Treats Government Like X (Twitter)

Elon Musk applies his X (Twitter) management style to politics. His political strategies, including voter…

5 hours ago

PayPal Stablecoin PYUSD Now Available for Cross-Chain Trading via LayerZero

PayPal stablecoin PYUSD can now transfer seamlessly between Ethereum and Solana via LayerZero.

6 hours ago

New Department of Government Efficiency Will Be Led by Musk

President-elect Trump plans to establish the Department of Government Efficiency, led by Elon Musk and…

7 hours ago

This website uses cookies.