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22 April 2021

Kyber Network introduces Uber-style surge pricing for DeFi token swaps

Kyber Network introduces Uber-style surge pricing for DeFi token swaps


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Kyber Network is an on-chain liquidity protocol that has a DEX called KyberSwap, which allows users to swap crypto assets without a central order book or operator.

In essence, tokens that have a lower deviation from their prices such as stablecoins can have a higher amplification factor which allows the liquidity to increase without needing more tokens in the pool.

Pool creators can set their own AMP factor which increases the liquidity depending on the type of tokens in the pool — stable tokens can have a higher factor, whereas more volatile ones will be set lower.

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cointelegraph.com
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