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Kyber Network Introduces Liquidity Zap

Twitter icon  •  Published 5 месяцев назад  •  Hassan Maishera

The Kyber Network team announced via X (formerly Twitter) last week that it is introducing Zap, a feature that allows users to add a single token to Elastic Pools easily.

The Kyber Network team announced via X (formerly Twitter) last week that it is introducing Zap, a feature that allows users to add a single token to Elastic Pools easily. 

The team explained that Zap is primed to maximize LP earnings through its integration with the KyberSwap Aggregator, the first Zap in DeFi to have aggregated liquidity support. At the moment, Zap is free for Kyber Network users. It comes with extra features such as reduced exposure to price impact, and it enhances LP earning strategies. 

Kyber Network is an on-chain liquidity protocol that aggregates liquidity reserves to allow instant and secure token exchange in multiple decentralized applications (dApps). KNC, the native token of the Kyber Network, is down by 1% in the last 24 hours and currently trades at $0.802.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.