Announcing our new KyberSwap protocol
KyberSwap Elastic inherits all the powerful features of KyberSwap Classic, while giving you concentrated liquidity and the flexibility to take your earning strategy to the next level.
KyberSwap’s existing protocol known as KyberDMM will henceforth be renamed to KyberSwap Classic. KyberSwap Classic, the world’s first Dynamic Market Maker, was able to reflect market conditions to dynamically adjust the fees and optimize returns for Liquidity Providers with its extremely capital efficient model.
Concentrated Liquidity on KyberSwap Elastic KyberSwap Elastic takes things a step further with its concentrated liquidity! Liquidity Providers (LPs) now have the flexibility to supply liquidity to an Elastic pool using a custom price range of their choice to determine how ‘concentrated’ the liquidity is. LPs can concentrate liquidity by using a narrow price range for the token pair. This way, liquidity in the pool is used more efficiently, mimicking much higher levels of liquidity and achieving better slippage, volume, and earnings for LPs. This is especially effective for stablecoins and correlated pairs (e.g. USDC-DAI) which have little movement in price.
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