
Our weekly updates are put together by folks deep in the crypto scene, giving you a clear picture of what's happening without overwhelming you.

To Watch This Week
AIRDROPS + ALPHASep 2, 2022

DeFi
DeFi Exchange KyberSwap Suffers $265,000 Frontend Exploit
After the Curve Finance exploit last month, the decentralized exchange (DEX) KyberSwap joins the list of DeFi projects to suffer a front-end exploit. On Friday, the Kyber Network, the liquidity protocol on which KyberSwap is built, confirmed reports, adding that the attack on its website was quickly identified and fixed within a few hours. “At 3.24 pm GMT+7, we identified a suspicious element on our frontend,” Kyber Network tweeted. “Shutting down our frontend to conduct investigations, we ident...
Sep 1, 2021

Business
Kyber Network’s DeFi Protocol Launches on Binance Smart Chain
Kyber Network, a liquidity platform for decentralized finance (DeFi), has rolled out its KyberDMM protocol on Binance Smart Chain (BSC). DeFi is a common term for a suite of blockchain protocols built to provide financial products and services like loans, token swaps, and interest-bearing deposits using automated code known as smart contracts. KyberDMM is already available in beta on Ethereum and Polygon, with the all-time trading volume and total value locked (TVL) on the platform exceeding $1...
Jan 21, 2021

DeFi
Kyber Upgrading to Compete With Uniswap for DeFi Traders
Kyber Network is aiming to expand the network of liquidity markets with its Kyber 3.0 upgrade in a bid to compete with other exchanges such as Uniswap. Kyber Network, a DeFi exchange for Ethereum-based tokens, announced today plans for the upgrade to Kyber 3.0. The upgrade, it says, will protect liquidity providers from losing out during price volatility. Kyber is also planning a governance vote on changes that would add greater utility to its native KNC token. Decrypt’s People of the Year: the...
Sep 24, 2020

The Coins
What Is The Kyber Network?
In the crypto world, most communities and projects have their own token. Many times these tokens are required to use their own protocol. If you don’t already hold that token, you must go to an exchange and exchange your token for the required token–a cumbersome step. This is where Kyber Network comes in. The project wants to enable any token holder to easily convert one token to another with a minimum of fuss. In this article, we explore how Kyber got started and its mission to provide seamles...
Jul 8, 2020

DeFi
DeFi exchange Kyber pools $18M on day one of ETH staking rewards
The moment Kyber fans and eager yield farmers have been waiting for has finally arrived. Kyber Network, the fully on-chain liquidity protocol, launched the first stage of the Katalyst upgrade alongside the KyberDAO on Tuesday, enabling token staking and governance voting that generate Ethereum (ETH) rewards. And just one day after launch, roughly $18 million worth of Kyber Network’s KNC token has been staked on the KyberDAO, revealing the extent of pent up demand for DeFi products. Staking on...
Jul 2, 2020

Coins
Kyber Network up 29% ahead of ETH staking rewards launch
The decentralized finance (DeFi) boom shows no sign of slowing, with Kyber Network (KNC) recording 29% growth leading into Thursday, July 2. The renewed surge by the Ethereum-based token comes just days ahead of the next major upgrade for Kyber Network—dubbed Katalyst. The Katalyst upgrade, scheduled for July 7, promises to bring a host of technical improvements to the decentralized liquidity protocol, and will also introduce the KyberDAO (decentralized autonomous organization). We are thrille...
Jun 29, 2020

DeFi
Kyber's KNC joins list of collateral assets on DeFi protocol Maker
DeFi protocols are growing more intertwined by the day. Protocol tokens from token swap platforms Kyber Network and 0x will be accepted as collateral assets on Maker’s crypto-backed loan platform following a successful Executive Vote concluded Sunday. It’s a recognition of the growing value of DeFi protocol tokens, and a testament to the versatility of the Maker platform, where just about any asset can be considered for inclusion to provide loan collateral. The addition of Kyber’s KNC and 0x’s...
Jun 19, 2020

Business
Silicon Valley’s ParaFi invests in DeFi protocol Kyber as industry booms
Kyber Network is getting a boost from one of DeFi’s most prominent investors. DeFi’s leading liquidity protocol Kyber Network announced on Thursday an investment from ParaFi Capital in Kyber’s KNC protocol token. The investment is the beginning of a partnership that will give Kyber access to one of Silicon Valley’s most important professional networks, providing technical support for development of the protocol and access to new investment and market-making opportunities. ParaFi Capital is bot...
Jun 12, 2020

DeFi
DeFi giants join forces as Kyber Network integrates Chainlink
Chainlink is adding another feather to their crypto cap. Kyber Network announced today the integration of decentralized Chainlink oracles, allowing users to verify on-chain prices for any token swaps they perform. KyberSwap previously relied on price feeds from the Kyber Network, and users were encouraged to double check prices before swapping tokens. The integration is another example of Chainlink’s growing market dominance among oracle data-feed providers. The Chainlink network provides indu...