KyberSwap Leads DEX Integration with BitTorrent Chain, Providing Liquidity and Accessibility Across All Chains
Singapore, Singapore–(Newsfile Corp. – April 19, 2022) – Kyber Network and BitTorrent Foundation have announced KyberSwap’s integration with BitTorrent Chain (BTTC) as their 11th chain integration, with more than $1.5M in liquidity mining and trading incentives available to users immediately.
KyberSwap is a pioneer of concepts such as wrapped BTC (WBTC) and Dynamic Market Making (DMM). Existing chain integrations include Ethereum, Avalanche, Polygon, BNB Chain, Cronos, Fantom, Arbitrum, Velas, Aurora, and Oasis Emerald. As of March 2022, KyberSwap was the #7 DEX in terms of TVL growth and had facilitated over $8 billion in trading volume.
As one of the first DEXs to launch on BTTC, KyberSwap provides everything an interoperable chain needs in a DEX along with a comprehensive set of Liquidity Pools, eliminating the need for any other DEXs or aggregators.
Already a household name around the world, BitTorrent Chain is an EVM compatible heterogeneous cross-chain interoperability protocol, which adopts PoS (Proof-of-Stake) mechanism and leverages sidechains for the scaling of smart contracts on Ethereum, TRON and BNB Chain.
- Amplified Liquidity Pools with high capital efficiency; fewer tokens are required to achieve better liquidity and rates compared to AMMs.
- Dynamic Fees that react to market conditions and optimize returns for LPs.
- Better Reliability & Security: Audited by ChainSecurity and insured up to $20M by Unslashed Finance.
For more information visit the Kyberswap blog post.
About Kyber Network
Kyber Network is building a world where any token is usable anywhere. KyberSwap.com, our flagship Decentralized Exchange (DEX).
KyberSwap powers 100+ integrated projects and has facilitated over US$8 billion worth of transactions for thousands of users since its inception. Currently deployed across 11 chains including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Velas, Aurora, Oasis and BitTorrent Chain.
KyberSwap | Discord | Website | Twitter | Forum | Blog | Reddit | Facebook | Developer Portal | Github |KyberSwap| KyberSwap Docs
About BitTorrent Chain:
BitTorrent Chain (BTTC) is the world’s first heterogeneous cross-chain interoperability protocol, which adopts PoS (Proof-of-Stake) mechanism and leverages sidechains for the scaling of smart contracts. It now enables interoperability with the public chains of Ethereum, TRON and BNB Chain. Fully compatible with EVM, BitTorrent Chain facilitates the seamless transfer of assets across mainstream public chains.
Website | Telegram | Medium | Github | Docs
BittTorrent Chain Media Contact
Teresa X
press@bittorrent.com
To view the source version of this press release, please visit http://www.newsfilecorp.com/release/120930
