Kyber DMM Weekly Update (20th Apr)
✅Integration by aggregators 1inch and Matcha!

📈TVL: $21.3M

🌊Top 3 Pairs(Liquidity):
USDC-USDT
ETH-KNC
USDC-EURS

🔄Top 3 Pairs(7D Vol):
ETH-KNC
USDC-USDT
USDC-EURS

⭐️New Tokens:
GUM, BUILD

➡️info.dmm.exchange | Discord

✅KNC Token Migration Process Has Started!
You can now visit the migration portal at kyber.org/migrate at any time to migrate your old KNC to new KNC in a few clicks.

There's no hard deadline for the migration but staking your new KNC tokens on @KyberDAO during Epoch 0 allows you to vote in the upcoming Epoch 1 next week.

We're working with exchanges, Dapps, staking pools, data sites, and other platforms to support the migration but there will be a transition period where both the old and new KNC tokens run in parallel. This KNC migration is an important step forward in our Kyber 3.0 journey and we encourage everyone to make the switch as soon as possible!

Read the guide: https://blog.kyber.network/knc-token-migration-guide-fda08bfe62c2
Read KIP-6 | Discord | Forum

🎥KNC Token Migration Tutorial Video
Watch the tutorial and visit the migration portal at any time to migrate your old KNC to new KNC in a few clicks. If you have staked old KNC tokens on KyberDAO v1, withdraw them to your wallet first before migrating to the new KNC on KyberDAO v2.

This KNC migration is an important step forward in our Kyber 3.0 journey and we encourage everyone to make the switch as soon as possible!

Watch the video: https://bit.ly/3dEvQPS
Read the guide: https://bit.ly/3tU9fVr
Visit the Migration Portal: https://kyber.org/migrate
Join discord: https://discord.gg/HdXWUb2pQM

🛡Kyber DMM Covered Up to $20M!
As part of our commitment towards security and to further protect users, Kyber DMM protocol is now covered up to $20M thanks to decentralized insurance by Unslashed Finance! Start providing liquidity with extremely high capital efficiency and earn dynamic fees at dmm.exchange !
https://medium.com/unslashed/kyber-network-and-unslashed-finance-partner-over-a-20m-native-insurance-to-protect-kyber-network-df543045a97c
Join Discord | Forum

Kyber Weekly Blitz (19-25 Apr)
📈USD Volume: $60.6M
📊Top DeFi Volume: Enjin, Fulcrum, KyberSwap, DeFiSaver, Trust
🔄Top Tokens: USDC WBTC DAI WETH USDT LINK
▫️New @KyberDAO audit completed by Hacken
▫️Loi Luu discusses Kyber DMM and AMMs on Clubhouse along with Sushiswap, FTX, 1inch, and Ava Labs
▫️KyberDAO Community Call #4
▫️Kyber DMM covered up to $20M thanks to decentralized insurance by Unslashed Finance
▫️KNC Token Migration is underway! Migration Portal is LIVE!
https://twitter.com/KyberNetwork/status/1386646154469801987
Discord | Forum

Kyber DMM Weekly Update (27th April)
🛡Kyber DMM protocol covered up to $20M thanks to decentralized insurance by Unslashed Finance!

📈TVL: $21.9M

🌊Top 3 Pairs(Liquidity):
USDC-USDT
ETH-KNC
USDC-EURS

🔄Top 3 Pairs(7D Vol):
USDC-EURS
ETH-KNC
USDC-USDT

⭐️New Tokens:
WSTA, BAM

➡️info.dmm.exchange | Discord

🛡Kyber DMM Protocol Audited by ChainSecurity
On top of the $20M insurance coverage by Unslashed Finance, Kyber DMM smart contracts have also been assessed and audited by ChainSecurity with all issues resolved. As we continue to innovate and enhance liquidity for DeFi, the security of the protocol will always remain a top priority.
Read the audit report | Use Kyber DMM | Discord

🚀New KNC Token Supported on Kyber DMM Protocol
You can now trade and add liquidity for the new KNC token on Kyber DMM! Old KNCL Pools remain active for liquidity providers to withdraw and migrate your liquidity. View available KNC Pools here.
Migration Guide | Discord

🚀Mercurial x Kyber Network
Kyber is collaborating with @MercurialFi to drive innovation and use cases around stable asset liquidity systems and push the boundaries of DeFi! Through this collaboration, Kyber can explore new capital efficient and dynamic fee strategies by leveraging the Solana blockchain. Kyber will also work with top developers in the space to help bridge the Ethereum and Solana ecosystems.

Overall, this will greatly benefit Kyber's R&D as we continue to improve our Dynamic Market Maker (DMM) protocol as an important source of DeFi liquidity! We look forward to working closely with Mercurial on research and marketing initiatives in their journey to be the best venue for users to deposit, swap, and create stable assets on Solana.

Announcement: https://bit.ly/3e4uHBm
Tweet | Discord | Forum

Kyber Weekly Blitz (26 Apr -2 May)
📈USD Volume: $50M
📊Top DeFi Volume: KyberSwap, Enjin, DeFiSaver, Trust
🔄Top Tokens: USDC USDT WETH DAI WBTC MKR
▫️Bithumb and Gate are supporting the KNC migration
▫️Kyber DMM supports the new KNC token
▫️Kyber DMM audit report released by ChainSecurity
▫️@MercurialFi x Kyber Network Collaboration!
Discord | Forum

🗣Reminder: Kyber Ecosystem Growth Fund Discussion
Kyber team has submitted a forum post proposing a new Kyber Ecosystem Growth Fund and how we can use KNC to bootstrap liquidity for the DMM and as a catalyst for growth. This is an important topic and we've had many interesting suggestions by the community so far.

Kindly contribute your feedback on our governance forum as well as it will be taken into consideration for the next @KyberDAO KIP.

Read the proposal here: https://gov.kyber.org/t/additional-kncs-as-fuel-for-kyber-growth/200
Discord | Forum

Kyber DMM Weekly Update (4th May)
New KNC is now supported on Kyber DMM! Trade or add liquidity for the new KNC token here!

📈TVL: $26.7M

🌊Top 3 Pairs(Liquidity):
USDC-USDT
USDC-EURS
ETH-KNC

🔄Top 3 Pairs(7D Vol):
USDC-EURS
ETH-KNC
BPRO-ETH

⭐️New Tokens:
BPRO, ORBS

➡️ info.dmm.exchange| Discord

🔊Recap: KyberDAO Community Call 4
A recap of our 4th @KyberDAO Community Call on discord, hosted by Community Ambassador @defidude !
▫️KyberDMM beta launch. $36M TVL!
▫️@KyberDAO and KNC migration
▫️Kyber Ecosystem Growth Fund and Liquidity Mining discussion
▫️Addressing recent community questions and feedback

Recap: https://blog.kyber.network/kyberdao-community-call-4-recap-f26f2c587536
Listen to the full call: https://youtu.be/Q6vog1vEvhQ
Join discord: https://discord.gg/HdXWUb2pQM

Kyber Weekly Blitz (3-9 May)
📈USD Volume: $76.4M
📊Top DeFi Volume: KyberSwap, Enjin, DeFiSaver, Trust
🔄Top Tokens: USDC USDT WETH DAI LINK WBTC
▫️KNC Ecosystem Growth Fund Discussion
▫️@KyberDAO Community Call #4 Recap
▫️xToken supports the staking of the new KNC token
Discord | Forum

Kyber DMM Weekly Update (11th May)
PTF, xKNCa and new KNC are now supported on Kyber DMM! Trade or add liquidity for these tokens here!

📈TVL: $28M

🌊Top 3 Pairs(Liquidity):
USDC-USDT
xKNCa-ETH
ETH-KNC

🔄Top 3 Pairs(7D Vol):
USDC-EURS
ETH-KNC
USDC-USDT

⭐️New Tokens:
PTF, xKNCa

➡️ info.dmm.exchange | Discord

✅Binance Will Support the KNC Migration
Deposits and withdrawals of KNC will be suspended at 2021-05-17 02:00 AM (UTC). If you are intending to deposit old KNCL tokens to Binance, please do so before that time.

Once Binance has completed their migration preparations, you will be able to use their convert function to migrate your old KNCL to new KNC.

Note: Old KNCL tokens from Binance that were previously staked on @KyberDAO have already been migrated.

Learn more: https://www.binance.com/en/support/announcement/46398ed8e121442a8f7502369540c0fe
Details on the KNC migration: https://blog.kyber.network/knc-token-migration-guide-fda08bfe62c2
Discord: https://discord.gg/HdXWUb2pQM

Kyber Weekly Blitz (10-16 May)
📈USD Volume: $92M
📊Top DeFi Volume: KyberSwap, Enjin, 1inch Wallet, DeFiSaver, Trust
🔄Top Tokens: USDC USDT WETH LINK DAI WBTC
▫️ Binance will support the new KNC token
▫️ KIP-8: Adding Kyber DMM to @KyberDAO and Creating an Ecosystem Growth Fund
https://twitter.com/KyberNetwork/status/1394316837102424064
Discord | Forum

🗳KIP-8: Add Kyber DMM to KyberDAO and Create an Ecosystem Fund

▫️Kyber DMM to be added as a new protocol on Kyber 3.0’s liquidity hub, with a portion of trading fees collected going to @KyberDAO (and KNC voters).

▫️A 12-month Kyber Ecosystem Growth Fund to be created for the purpose of increasing Kyber’s liquidity and adoption through various activities including liquidity mining and ecosystem collaborations.

▫️KIP-8 is now open for voting on @KyberDAO, lasting 7 days. Only users who had staked New KNC in the previous Epoch are able to vote.

Vote now: https://kyber.org/vote
Learn more: https://github.com/KyberNetwork/KIPs/blob/master/KIPs/kip-8.md
Discord | Forum

Kyber DMM Weekly Update (18th May)
Vote to add Kyber DMM to @KyberDAO and Create an Ecosystem Fund! KIP-8 now open for voting!

📈TVL: $22M

🌊Top 3 Pairs(Liquidity):
USDC-USDT
ETH-KNC
xKNCa-ETH

🔄Top 3 Pairs(7D Vol):
USDC-USDT
ETH-KNC
WBTC-ETH


➡️ info.dmm.exchange | Discord

Kyber Ecosystem Report #26 Apr-May 2021
▫️@KyberDAO KIP-8: Add Kyber DMM to Kyber’s liquidity hub as a new protocol and create a KNC Ecosystem Fund for liquidity mining and other initiatives
▫️Kyber partners with Unslashed to provide insurance for Kyber DMM, covering up to $20M!
▫️Kyber DMM codebase has been audited by Chainsecurity and the KyberDAO + KNC migration by Hacken, with no critical findings
▫️Kyber collaborates with @MercurialFi to research and experiment with new liquidity strategies and Ethereum-Solana initiatives
▫️Loi Luu was in a panel with Ava Labs, 1inch, FTX, and SushiSwap to talk about the future of AMMs

Learn more: https://blog.kyber.network/kyber-ecosystem-blog-may-2021-626cd4e149c5
Discord | Forum