KyberSwap Limit Order Launch

In case you missed it, July also saw the release of one of our most important feature launches to date, the Limit Order. This feature allows users to sign orders for later execution at specified price points, and we believe opens up the DeFi and general dapp space to further innovation.

Within the first two weeks of launch, $397,883 worth of tokens were traded though 851 executed orders, out of a total of roughly 2,500 limit orders placed.

2 minuted video explaining KyberSwap Limit Orders

DeFi DApp Updates

Although volumes across the crypto world have dropped sharply since mid-July, this hasn’t been enough to slow down the growth trends in the DeFi space. Nuo continues growing its volumes by impressive amounts while Fulcrum has grown its Kyber volume to $1.4m although its only been two months since it’s integrated with Kyber.

BeToken Competition — It’s also been a busy month for the 130 BeToken’s fund managers as they competed for a Kyber-partnered fund competition to identify the top crypto traders. As ETH and ERC20 markets dropped 30% during July, top BeToken managers managed to return up to %23 percent ROI.

BeToken is a great experiment in how to turn the wisdom of the crowd effect into a value capturing, incentivized, blockchain mechanism. As the best performers generate alpha, they are given increased weighting in determining the collective’s portfolio and influencing its outcome.

New Kyber-DeFi Integrations

We are always excited to see new DeFi dapps launching and joining the Ethereum space as it feels like the bigger and better our DeFi swiss army knife gets, the stronger we can compete with conventional finance. This month we’re happy to introduce the following dapp integrations:

0xFutures — 0xFutures is a futures trading platform that allows traders to take out Contracts for Difference (CFD). These contracts allow investors to hedge the volatility of their portfolios against possible downturns.

0xFutures accomplishes this through a series of smart contracts on Ethereum while Kyber Network is used both as an on-chain price oracle, and for swapping ETH to DAI and vice-versa.

Watch the explainer at 0xfutures.com

Opyn — Opyn is a decentralized margin trading dapp that lets you take short positions or leverage ETH, REP, ZRX and BAT. ETH can be leveraged up to 3.5x while REP, BAT and ZRX can be leveraged up to 1.3x.

Opyn is another versatile and decentralized tool investors can use as part of their arsenal to control volatility exposure within their portfolios.

Opyn UI

Infinito.io — Infinito is a suite of blockchain software that includes a dapp browser, blockchain platform, merchant payment solution and a crypto wallet with half a million downloads.

Although KyberSwap has been available on App Square for a while now, the Kyber Network API will now be featured on the Infinito Blockchain Platform to provide swapping and price feed services to Infinito users and developers.

Dex Aggregation

In the last few months we’ve seen a growing trend of dapps that aggregate liquidity from existing dexes. These allow users to either easily identify the best priced dex to place an order, or alternatively, split the order across multiple dexes to minimize slippage.

Some recent additions that pull liquidity from Kyber include Shiftly.finance, Paraswap.io, LiquidSwap and Fetch. These join existing aggregators including Dex.Ag, Swap.Totle and 1inch.exchange.

Worth noting that Kyber’s liquidity model, where reserve managers are in competition to provide the best price for any given token pair, leads to the best prices for the end user as we can see across different aggregators: