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πΊ Full Kyber Review π
πΊ Video on NFTs π
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β° Time Stamps β°
1:28 Introduction
3:20 Benefits of Kyber
4:32 Kyber Use Cases
8:15 Waterloo
9:20 Katalyst
11:46 Kyber KNC
14:35 Kyber Team & Community Updates
15:29 Conclusion
π° Project Resources π°
βΊ Website: https://kyber.network/
βΊ Whitepaper: https://developer.kyber.network/docs/Start/
βΊ Kyber Developer: https://files.kyber.network/Kyber_Protocol_22_April_v0.1.pdf
βΊ GitHub: https://github.com/kybernetwork
οΏ½οΏ½οΈ Socials οΏ½οΏ½
βΊ Official Blog: https://blog.kyber.network/
βΊ Twitter: https://twitter.com/kybernetwork
βΊ Telegram: https://t.me/kybernetwork
π Helpful Links π
βΊ Waterloo Bridge: https://blog.kyber.network/waterloo-a-decentralized-practical-bridge-between-eos-and-ethereum-1c230ac65524
βΊ Binance DeFi Report: https://research.binance.com/analysis/2020-borderless-state-of-defi
βΊ Katalyst Update: https://blog.kyber.network/katalyst-kyber-protocol-upgrade-and-2020-plans-20427ef47ac6
οΏ½οΏ½ Project Overview οΏ½οΏ½
The Kyber Network gives users the ability to exchange ERC20 tokens with one another on the Ethereum blockchain in one seamless transaction.
Through the use of smart contracts, the Kyber protocol offers a single interface for the best available token exchange rates to be taken from an aggregated liquidity pool across diverse sources
The Kyber network consists of "takers" that remove liquidity from the protocol by calling the Kyber Core Smart Contract.
On the other side of the market you have your "reserves" which you can think of as your makers. They will provide the liquidity to the network in terms of both token inventory and prices.
β
Kyber Benefits β
- Instant Trade Settlement
- No Partial Trade Execution
- Fully Transparent
- Easy Integration
οΏ½οΏ½οΈ Upcoming Releases οΏ½οΏ½
The Waterloo bridge is bridge between Etheruem and EOS on the Kyber Network. This bridge will open up the entire Eos ecosystem to those who use Etheruem. It will allow for decentralised trading and price discovery in on-chain markets that you have never seen before.
Katalyst is an upgrade that will increase liquidity and general stakeholder participation. They plan to change the way that fees are distributed on the protocol.
With the Katalyst upgrade, this minimum balance requirement will be removed which will hopefully reduce the barrier to integration. There will also be a new fee distribution model that will see fees be given to these market makers as rebates.
You also have KyberDAO which is Kyber's attempt to strengthen the broader governance of the ecosystem. Essentially, this DAO will bring in a wide array of KNC stakers including the dApps, VCs, wallets etc.
οΏ½οΏ½οΈ KNC Dynamics οΏ½οΏ½
Token burning protocols are set to change with the release of Katalyst. Burning will still take place on the protocol but holders will also have an opportunity to earn more KNC.
With the release of the KyberDAO, staking will be introduced on the Kyber network for the first time. The amount of rewards will be proportional to the amount staked.
Then you have reserve incentives. They will be rewarded for providing liquidity to the system and making markets. Of course, this has broader positive benefits for the entire Kyber Network as it leads to greater liquidity, deeper markets and more trading opportunities.
In more positives, Coinbase recently listed KNC on the main exchange which opens up a sea of additional liquidity for the token.
οΏ½οΏ½βοΏ½οΏ½ Team Development οΏ½οΏ½βοΏ½οΏ½
Kyber network has been pretty active across the Ethereum space. They have met developers in multiple regions across the world. From meetups in the Americas to Asia and Europe.
Kyber has also been a stable fixture at numerous devcons around the world. From blockchain week in Germany to EthIndia.
They have also sponsored number of hackathons at these events as well as numerous virtual hackathons
π Disclaimer π
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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