Kyber DeFi Updates

DeFi dapps saw their volumes double from $7.8M to $15.5M although Fulcrum’s explosive growth accounts for a large portion of this increase:

New DApp Integrations

Sablier

One of crypto’s main value propositions is its programmable money aspect and nothing exemplifies this better than Sablier. Sablier is an Ethereum dapp that allows for DAI, WBTC, and other tokens to be streamed to Ethereum addresses incrementally over time.

For example, a company can stream an employee’s salary over the period of a month with the employee able to withdraw any accumulated amount whenever he or she wants instead of having to wait until the end of the month.

We expect Sablier to act as a decentralized primitive for value streaming within the Ethereum ecosystem and for many use cases to flourish around it. Kyber does its part to reduce user friction by allowing Sablier users to quickly convert any ERC20 in their wallets into one of the streamable ERC20s supported by Sablier.

0x

The dex aggregator space keeps expanding! 0x announced its pivot towards a “liquidity API powering DeFi” essentially meaning like Dex.Ag and 1inch.exchange, it will be accessing liquidity from Kyber, Oasis and Uniswap and providing it downstream.

We should point out though that unlike Kyber which doesn’t charge protocol fees for liquidity it sources from Uniswap and Oasis, 0x charges its own protocol fee on top of these dexs’ own fees, making it slightly more expensive for end users to take 0x API liquidity all other things being equal.

rTrees

Crypto is so empowering that simply hodling can result in actual real forests! rTrees, based on rDAI directs interest received by lending DAI on Compound towards planting forests through the Trees for the Future organization. Locking up just 17 DAI on rTrees leads to 10 trees planted per year. We’re looking forward to a nice picnic in our very own Kyber Forest one day in the future.

Wallets

Wallets on Kyber also had an impressive January with an 132% volume increase in USD terms, and 114% increase in ETH terms over December. MyEtherWallet achieved an impressive $8.5M volume, by far the highest a wallet has ever achieved on Kyber (and higher than some dex’s total monthly volumes!)

Reserve and Token Metrics

New Tokens

January saw 4 new tokens added to Kyber Network:

Ekon Gold [EKG] — EKG is digital gold 100% backed by physical gold with 1 EKG equaling 1 gram of real gold. Announcement

Global Digital Content [GDC] — GDC is a utility token within Rankingball, an e-sports gaming contents service. Announcement

Aragon [ANT] — ANT is the governance token of the Aragon Network. ANT can also be staked to participate in the Aragon Court. Announcement

Ampleforth [AMPL] — AMPL is a ‘commodity-money’, like Bitcoin or gold, but with near-perfect supply elasticity, like fiat. Announcement

All four tokens above will be serviced by Automated Price Reserves maintained by the respective teams.