We’re glad to announce that Switcheo Network has integrated Kyber’s on-chain liquidity protocol to further enhance liquidity on their decentralized exchange.

Kyber’s protocol aggregates liquidity from diverse sources called ‘reserves’, which includes token teams, professional market makers, individual token holders, and even other on-chain providers such as Oasis DEX and Uniswap. When a user or integrated platform trades and takes liquidity from Kyber, the best available price from all the reserves is found and given to the taker. Kyber has successfully processed over USD 430 million and 500,000 trades entirely on-chain.

This integration by Switcheo clearly demonstrates once again how Kyber can be used as the single liquidity endpoint for decentralized finance, DApps, and even DEXes.

Enabling more liquidity on the Switcheo DEX

Switcheo provides a trustless and secure trading experience, with no mandatory registration. You can just connect and trade freely. Apart from Ethereum-based ERC20 tokens, Switcheo supports trading for EOS and NEO blockchains as well.

By using Kyber, Switcheo will allow their traders to obtain the best rates on average for $ETH and popular ERC20 tokens including $DAI $SAI $MKR $LINK.

In addition, Reserves (liquidity providers) on Kyber will gain exposure to Switcheo’s strong community of traders, on top of close to 100 DApps in Kyber’s ecosystem. This will naturally offer more opportunities for their token liquidity to be used and for them to earn from the spreads in each trade.

We look forward to seeing this integration foster an increased level of liquidity and trading activity for both Kyber and Switcheo. Trade on Switcheo Exchange today!

More information on Switcheo:

website| Telegram | Reddit | Twitter | Facebook |LinkedIn | YouTube | Support Center

Close to 100 DApps are using Kyber for their liquidity needs

For developers interested in integrating Kyber

If you are interested in learning how you can integrate your wallet, DEX, DApp, or fund with Kyber’s liquidity protocol, please visit our Developer Portal and join our #developers channel on Discord!

About Kyber Network

Kyber’s on-chain liquidity protocol allows decentralized token swaps to be integrated into any application, enabling value exchange to be performed seamlessly between all parties in the ecosystem. Using this protocol, developers can build innovative payment flows and applications, including instant token swap services, ERC20 payments, and financial DApps — helping to build a world where any token is usable anywhere.

Read about our upcoming Katalyst Protocol Upgrade!

Discord | Website | Blog | Twitter | Reddit | Facebook | Developer Portal | Kyber Tracker | KyberWidget Generator