Kyber Network Details

Asset Overview

Kyber Network

Kyber Network

Decentralized exchange with instant on-chain execution

About Kyber Network

Kyber Network is a decentralized exchange, meaning it is run without any central authority, based on the Ethereum blockchain. Creating enough supply for trades (called liquidity) is always a challenge for decentralized exchanges, and Kyber Network solves it by aggregating liquidity from reserves that are operated by reserve managers. These managers are responsible for maintaining liquidity and updating bid and ask spreads. For their services, managers are compensated in each transaction. Anyone can contribute to reserve pools and receive a return.

Benefits

Services such as wallets, vendors, or applications can build on top of Kyber’s platform to access the pools of capital held in reserve. Users of these services can swap tokens with the order being executed at the best price available. This incentivizes reserve managers to ensure they keep their prices competitive.

Current price:$1.42

Economic Details

Kyber Network Details

Ticker
KNC

Kyber Network Resources