KyberSwap Improves Tech for Traders and Integrations

They regularly review feedback from their users and partners to improve KyberSwap in their quest to be the best DEX aggregator and liquidity protocol in DeFi. Anyone can provide feedback on our community forum 👉here.


Here are some of KyberSwap’s recent upgrades which lower gas costs for traders and provide more flexibility and benefits for Dapp integrations!

For Traders

Important: With these new improvements, users need to approve the tokens they wish to interact with (swapping/adding liquidity) on KyberSwap again, even if they have done so before.

Optimized Trade Route & Reduced Gas Fees

  • They’ve optimized our DEX aggregator such that the number of token transfers for a trade is minimal, i.e no extra token transfers needed when interacting with our Router contract.
  • With the optimization in token transfers, users don’t have to pay gas fees associated with trading Fee on Transfer (FoT) tokens.

Overall, these upgrades mean much lower gas costs when trading on KyberSwap!

In Fee on Transfer tokens, generally, a small portion of every transfer is either burnt or diverted to another wallet (i.e. tax). FoT tokens are common on the BSC chain.

Example:
KyberSwap DEX Aggregation enables trading with Fee-on-Transfer tokens in an optimal way.
  • Some of the other DEX aggregators may perform at least 2 separate transfers for each trade, thus, users will need to pay the transfer fee twice for FoT tokens
  • KyberSwap makes only 1 transfer (in total amount) for both buy & sell, thereby reducing the total fees users need to pay
  • If you Swap BUSD → ZUKI (which is a FoT token):
  • KyberSwap only makes 1 transfer for BUSD and 1 transfer for ZUKI token

  • Other DEX Aggregators may make 2 transfers for BUSD + 2 transfers for ZUKI (thus the fee is charged twice).

For Dapp Integrations / Partners
Over 100 Dapps have integrated Kyber for seamless token swaps at the best rates for their users. Any Dapp can integrate Kyber using our open-source documentation 👉here. The following upgrades make it even more beneficial for our Dapp partners.

Customizable Commission Fees
Their 3rd-party partners / Dapp integrations now have the flexibility to charge a customizable commission fee for each trade that goes through our DEX aggregator, providing another source of earnings for external Dapps utilizing KyberSwap.

Customizable Price Protection
A swap through their DEX aggregator may consist of multiple trades across multiple pools. They now give integrations the flexibility to specify the minimum amount to be returned for each trade in the swap. Thus, we are able to add price protection for our users for each individual trade in the entire swap.

Check out 👉KyberSwap now!

About Kyber Network
Kyber Network is delivering a sustainable liquidity infrastructure for DeFi. As a liquidity hub, Kyber connects liquidity from various protocols and sources to provide the best token rates to Dapps, aggregators, DeFi platforms, and traders.

Through Kyber, anyone can provide or access liquidity, and developers can build innovative applications, including token swap services, decentralized payments, and financial Dapps — helping to build a world where any token is usable anywhere. Kyber is powering more than 100 integrated projects and has facilitated over US$7 billion worth of transactions for thousands of users since its inception.

KyberSwap, the latest protocol in the liquidity hub, provides the best rates for traders and maximizes returns for liquidity providers.





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