KyberSwap partnership BitTorrent Chain

 

KyberSwap

Kyber Network and BitTorrent 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.

The partnership will accelerate DeFi’s adoption with the combined benefits of best trading and earning rates, ease of use, security, and multi-chain capabilities.  For the next 4 months, users of KyberSwap and BTTC can participate in more than US$1.5M of liquidity mining incentives, with monthly trading competitions, community giveaways, and an exclusive airdrop for all users who participate on-chain with KyberSwap.

KyberSwap is the leading multi-chain DEX and is the place to trade and earn the best rates in all of DeFi. Pioneer of concepts such as wrapped BTC (WBTC) and Dynamic Market Making (DMM), is announcing its 11th chain integration with BitTorrent Chain. 

As of March 2022, KyberSwap was the #7 DEX in terms of TVL growth and facilitated over US$8B of the trading volume. As one of the first DEXs to be integrated onto BTTC, KyberSwap provides everything an interoperability chain needs in a DEX along with a comprehensive set of Liquidity Pools, eliminating the need for any other DEXs or aggregators.

Will KyberSwap become the de-facto DEX with the most liquidity and swaps on BTTC and cross-chain bridging with Ethereum, BNB chain, and Tron network? The partnership certainly hopes so.

What is BitTorrent Chain (BTTC)
Already a household name around the world, BitTorrent is an EVM cross-chain protocol designed, which adopts a PoS (Proof-of-Stake) mechanism and leverages sidechains for the scaling of smart contracts on Ethereum, TRON, and BNB Chains. 

To use BTTC features, users need to download/add extension wallets and connect the account address to BTTC. BTTC now supports two wallet extensions, TronLink and MetaMask. However, do take note that KyberSwap currently only supports Metamask. To learn how to connect your MetaMask Wallet to BitTorrent Chain, read 👉this guide.

Why Add Liquidity on KyberSwap?
KyberSwap gives liquidity providers (LPs) the opportunity to maximize returns with the best trading rates and attractive incentives and yields.

  • Amplified Liquidity Pools with extremely 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.
  • Fully Permissionless: Anyone can easily add liquidity for any token pair to KyberSwap pools, while any taker (e.g. Dapp, aggregator, or end-user) can access this liquidity.
  • No Centralized Oracle: No third-party or centralized price feed oracle risks. Oracles refer to a middle software that shares info between non-blockchain sources and blockchain sources (middle software that connects blockchain to the outside world)
  • With KyberSwap, BTTC users can trade and earn with the best rates and access the full spectrum of multi-chain DeFi capabilities.
  • And that’s not all! Even more integrations, features, and rewards will be coming up soon!
 
The additional important events are currently coming on KyberSwap:
read full 👉here






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 BSC  Compatible with EVM, BitTorrent Chain facilitates the seamless transfer of assets across mainstream public chains



About Kyber Network
Kyber Network is building a world where any token is usable anywhere. KyberSwap.com, our flagship Decentralized Exchange (DEX), provides the best rates for traders in DeFi and maximizes returns for liquidity providers.

KyberSwap powers 100+ integrated projects and has facilitated over US$7 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.



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