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KyberSwap is one of the longest-running DEX protocols, operating since 2017. It combines DEX aggregation with its own concentrated liquidity pools (KyberSwap Elastic) for comprehensive trading.
The aggregator routes through 100+ liquidity sources across 15+ chains, finding optimal paths for any trade. KyberSwap Elastic allows LPs to provide concentrated liquidity similar to Uniswap V3.
With the KNC token for governance and liquidity mining rewards, KyberSwap offers both trading and earning opportunities across the multi-chain ecosystem.
15+ chains including Ethereum, Arbitrum, Polygon
Routes through major liquidity sources
Concentrated liquidity pools
Governance and staking rewards
Set target prices on any chain
Liquidity mining and farming
Swap on any supported chain
Compare across 100+ sources
Earn fees with capital efficiency
Automated limit order execution
Stake for governance and rewards
KyberSwap Elastic is their concentrated liquidity DEX, similar to Uniswap V3. LPs set price ranges for more capital-efficient positions. It offers additional features like auto-compounding and customizable fee tiers.
In November 2023, KyberSwap Elastic was exploited for ~$50M. The team has been working on compensation and rebuilding. This highlights the risks in DeFi. Check their current status before using elastic pools.
KNC is Kyber Network's governance token. It's used for voting on protocol decisions, staking for rewards, and liquidity mining. KNC has been around since 2017, making it one of the oldest DeFi tokens.
Both aggregate many sources. 1inch often has more liquidity sources on Ethereum. KyberSwap has strong multi-chain presence. For any specific trade, compare both. Results vary by chain and pair.
KyberSwap supports 15+ chains including Ethereum, Arbitrum, Optimism, Polygon, BSC, Avalanche, Fantom, and more. It's one of the most widely deployed DEX aggregators.