Kyber Network Is Bringing Yield Farming to DEXland

Kyber, a decentralized exchange (DEX), is preparing to share trading fees with KNC token holders. Launched in 2017, Kyber has always been designed as a DEX that connects liquidity with users, without middlemen.

Of that, 65% will go to those who have staked on the DAO, 30% will go to entities providing liquidity on-chain for Kyber and 5% will be used to buy KNC and burn it, gradually increasing the value of KNC. As Parafi’s Ben Powers told CoinDesk in an email:  “Kyber is growing rapidly across a variety of KPIs key performance indicators – monthly trades, monthly unique traders, number of integrations, and monthly trading volumes.

Timeline of Kyber-network