Category Archives: Kyber Network Education

Top Blockchain Liquidity Protocol in DeFi | Kyber Network

Blockchain Liquidity Protocol in DeFi | Kyber Network

Welcome to this crypto and blockchain video posted by Kyber Network. In this video you learn about Kyber Network in a quick but informative visual animated graphic.

Kyber Network

Here you can learn more about Kyber Network -video reviews of Kyber Network

Katalyst Protocol Upgrade for Kyber Network

Katalyst is changing many things to do with how the Kyber Network works. In the new system 'reserve managers' are going to be paying no fee and instead they will be receiving rebates. These rebates will be a percent of the network fee that's going to be sent directly to those who are providing liquidity. This in-turn incentives liquidity. The previous/current model did not incentivize liquidity because the reserve managers actually paid to provide the liquidity. Which greatly cut into profits for the participants of the network.

Why is more liquidity good?

You want to provide more liquidity because more liquidity means less slippage, more competitiveness, bringing more users, which creates a better ecosystem, that generates more fees generated from higher transaction volume.

Katalyst Upgrade KNC

Dapp integrations and new fee model

In the previous/current model 30% of fees are given to the decentralized application integrators. Once the Katalyst upgrade has been implemented into Kyber Network the new protocol will allow for dapp integrators to set their own fees. The fee percentage will no longer be set in stone in the smart contract and will be a variable that the dapp integrators can play with on top of the base rate.

How do KNC holders benefit from Katalyst upgrade

KNC holders are going to benefit from this upgrade because they are the one's who will be doing the voting in the KyberDAO. Katalyst revolves around the KyberDAO a decentralized autonomous organization in which a group of governors can vote on various things to do with the network and protocol.

KNC holders stake their KNC tokens in the KyberDAO and get a voting weight based on their staked holdings. The weight is how much power or say you have on whatever you are voting for. An example is if you have 20 KNC and the total supply was say 200, you have 10% weight and you are voting for 10% of the entire network. You can vote on things such as fee governance.

Katalyst rewards - Burn vs Inflation

Through Kyber Network transactions the fees are dispersed back to the KNC holders as per the weightings of staked tokens and at the same time a percentage of tokens are burned from the total supply. Because the tokens are burned there are less in circulation which makes the remainder of the tokens more valuable.

Katalyst Flow

Other staking platforms do not burn tokens but release more tokens into the supply which creates inflation. This is still a reward and you are receiving more tokens, but inflation makes the circulating supply increase which intern decreases the value of the existing tokens.

With Kyber Network there is no inflation, the network is sustained just on the network fees generated. It is actually a deflationary supply. With the Katalyst upgrade KNC holders will have voting rights on the percentage of tokens that get burned and the percentage of fees. The Katalyst upgrade gives KNC holders more say on the governance of the Kyber Network.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

What is Kyber Network Crystals | KNC Explained

What is Kyber Network Crystals | KNC Explained

Welcome to this cryptocurrency and blockchain technology education video posted by Kyber Network. In this video you learn about Kyber Network Crystals and the KNC token native to the platform.

Kyber Network Crystals - KNC Explained

Kyber Network Crystals (KNC) - referred commonly as 'Kyber Netwrok' is a distributed decentralized protocol that offers liquidity on the Ethereum blockchain and soon to be inter operable between various blockchains with the Waterloo Bridge update. The Kyber Network facilitates multi-step complex transactions as if they were one seamless flow being executed as a single transaction.

A growing crypto ecosystem

The number of cryptocurrencies has been growing year over year at a rate of almost 2x per year. in 2009 there was just Bitcoin, by 2016 there was over 500, in 2017 over 1000, in 2018 over 2000, and by 2020 there are around 4000+ cryptocurrencies.

The growth and number of cryptocurrencies is both a good thing and bad thing. The increase in cryptocurrencies can be taken as a sign that the crypto space is growing and that there are many great use cases that many different projects are tackling. The bad thing is that this creates a fragmented ecosystem where each cryptocurrency has its own agenda and each token usability is often limited to its own specific application.

A bridge between tokens and applications

What Kyber Network is doing is to act as a bridge between tokens and applications. The goal is to allow all tokens to be used in any application. This helps to create a very open transfer of value system where people can transact with each other using a digital asset that they prefer to use.

Integrations with Kyber Network are on the rise

Kyber Network already has over 100 decentralized app integrations. The amount of integrated use cases that are being made possible with Kyber Network are increasing every day.

One of the most active space that Kyber Network is being integrated with is the defi space. Through the use of Kyber Network integrations you are able to manage a diverse portfolio of assets and contribute to it using a wide range of digital assets. The way you manage your portfolio is up to you and you can have it do things such as auto balance your portfolio according to exact ratio holdings.

An example is that you could be running a website that has 100 different blockchain affiliate programs connected to it. You will be receiving affiliate commissions in all these different digital assets. What you can do with Kyber Network is automatic funnel all these digital assets into your portfolio and have them exchanged into the specific digital assets you want to hold in the percentage allocations you want the portfolio to remain at.

The example above and any other integrations are done on-chain which helps to keep things secure, transparent, and verifiable. This is the future of our financial system. A more open and interoperable system that removes friction from token use cases.

Kyber Network removes friction by doing these 3 things.

  1. Simple and straightforward integration with all tokens and applications
  2. Low transaction risk and uncertainty on all transactions
  3. A transparent and secure process

Coming soon to the Kyber Network

  • Waterloo Bridge - cross chain exchange of tokens.
  • Katalyst - Increased liquidity.

Kyber Katalyst

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

Kyber Network Review KNC | Coin Bureau

Kyber Network Review KNC | Coin Bureau

Welcome to this cryptocurrency video review posted by Coin Bureau. In this video you learn about Kyber Network KNC.

Defi is a fast moving rapidly evolving space in the blockchain industry. From flash loans, decentralized exchanges, derivative portfolio management, uniswaps, and so forth. Almost every week there is a new project that claims to be the best thing since sliced bread. Now, not all these projects that are being released will be here to stay, however defi itself is. The Kyber Network looks to be one of the strongest projects that has the potential to make big waves in the defi space.

Kyber Network Overview

The Kyber Network is a decentralized exchange protocol that provides on-chain liquidity. By on-chain liquidity, it means it is able to give users the ability to swap and exchange ERC-20 tokens with one another on the Ethereum blockchain. The Ethereum blockchain is the most widely used smart contracts platform and a growing world computing machine. Kyber Network allows such transfers to happen through single transactions using smart contracts. Transactions and token exchange rates are taken from an aggregated liquidity pool across multiple sources to give users the best rates available.

Kyber Network Flow

The Kyber Network consists of 'takers', 'makers' and 'maintainers'. Takers take liquidity from the protocol by calling Kyber Networks core smart contract. Takers are end users, exchanges, wallets, and dapps.

Makers aka 'reserves' which provide liquidity to the network for token inventory and pricing. The reserves interact with the Kyber Network's interface smart contracts. When Kyber matches a trade it will find the best trading conditions and execute it all within one single transaction with the best course of action through an automated decentralized instantaneous execution.

Maintainers are parties that have permissions to access the functions. The Kyber Network team for example has access to certain functions.

4 Benefits to using Kyber Network

  1. Instant trade settlement - You don't have to wait for any order fulfillment because settlement and matching is all done within one single transaction.
  2. There is no partially executed orders - it is all done or none of it is done (executed or reverted).
  3. Complete transparency - anyone can verify the rates that are being offered by the reserves to ensure they are getting the best rates available at the time of execution.
  4. Easy to integrate - Kyber Network is simple to use and is easily integrated with smart contracts using the Ethereum blockchain.

Kyber Network Use Cases

  • Off chain token swaps
  • Currency and token conversion
  • NFT payments
  • Auto balance token portfolio weightings
  • Tokenized lending
  • Margin trading
  • Cross chain inter-operability (Ethereum to EOS for example)

Kyber Network Updates

  • Waterloo Bridge - a cross chain protocol that allows users to interchange value, tokens, and execute smart contracts across different blockchains.
  • Katalyst - a protocol upgrade that will increase liquidity and stake holder rewards/participation. The current protocol is designed to burn token fees or paid over to the dapp integrations. This will create a stronger governance model.

Kyber KNC Token

The Kyber Network KNC token facilitates smooth operation of the decentralized liquidity network. Prior to updates one of the only ways that KNC holders would benefit was from the burning of tokens when fees occurred. This creates a benefit for those who HODL long term.

KyberDAO

The burning alone is not enough incentive and it does not reward those who participate in the network. The network will not grow exponentially without the participants being rewarded. This will change with the release of the Kyber Dow and reserve incentives. Burning will still take place on the protocol but holders will also have the opportunity to earn more KNC through the following.

  • Staking on the Kyber Network - Stake and participate in the KyberDAO to get rewards from the network fees.
  • Reserve incentiveskyber network katalyst upgrade
  • - Rewards for providing liquidity and being a market maker. This creates more trading opportunities and helps to grow the Kyber Network ecosystem as a whole.

Kyber Network Katalyst Release

The Kyber Network Team has been doing a great job at building a strong global community. They have been active with meetups across many countries. They are one of the most active projects in the Ethereum community. They have been present and active at Blockchain Week in Germany, to ETH India, to ETH Denver. There have been a number of Kyber Network hackathons and events. Watch the crypto video above to get all the details on Kyber Network and where it is heading in the months and years to come.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

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