DeFi DApps

Before turning our attention to what our existing DeFi partners have been up to in April, we’d like to introduce you to some of the newest DeFi members of the Kyber ecosystem:

DeFi Saver (formerly CDP Saver )— DeFi Saver is a CDP management dashboard that lets users easily create and manage Maker CDPs. With Kyber integration in the backend, users can boost or repay their CDPs with a single click (and within a single transaction) and protect their CDPs from liquidation, or alternatively take on increasing risk.

CDP Saver’s clean and easy to use interface

Fulcrum — Fulcrum is a margin trading and lending platform built on the bZx base protocol that allows for both loans and margin positions to be tokenized. Kyber is used by Fulcrum as both an on-chain oracle (price feed), and to convert tokens to the required collateral when creating a position, or vice versa to convert to the borrowed asset when liquidating.

Dex.Ag — Dex.Ag aggregates multiple dex and liquidity providers’ price feeds into one UI and allows users to easily place orders on the best priced dex.

The aggregation of a dozen different dexs under one place allows us to easily compare price competitiveness between dexs, and comparing Kyber’s prices against others, it is good to see that for a buy order worth $1,000, Kyber has the best price for 5 out of 10 pairs (DAI/MKR/BAT/LINK/KNC:ETH) and the second best price for 3 out of 10 (OMG/REP/0x:ETH) *as of May 3rd.

Nuo, EASwap and InstaDapp

Last month we highlighted some of the strong growth shown by recently integrated DeFi partners and this trend continues into April.

Nuo has doubled the number of trades and ETH volume facilitated through Kyber in April compared to March, and as of end of April, $1.35m loans had been given out(~$500k end of March) and $3.92mm locked up in reserves (~$1.6mm end of March)

NUO trades and volumes going through Kyber

EASwap and InstaDapp also continue to show an increase in both volume and trades even as Instadapp upgrades from v1 to v2. The upgrade to v2 sees the team expand on their ‘Personal Banking Experience’ vision for InstaDapp.

Wallets

The last few months have seen a number of new wallets (Argent, Infinito, qPocket, Dex Wallet and a few others) join the Kyber ecosystem and we are gradually starting to see on-chain activity from these wallets. The top 5 fastest growing wallets from March to April are the following:

We were also happy to see imToken add InstaDapp, Nuo, Zerion and Set Protocol to its imToken wallet UI. These integrations expose DeFi DApps to huge groups of crypto-savvy users.

Fund Management & Social Media

This month we also welcome a fund management platform and a social media management suit to the Kyber ecosystem.

Coinplan — Coinplan is an actively managed investing platform where investors can buy into different curated portfolios. Kyber integration allows investors to pay in 70 different ERC20 tokens when buying into the Maker Platform Portfolio (with plans to expand to other portfolios in the future) .

Chainfuel— Chainfuel is a Telegram analytics and anti-spam tool suit that helps Telegram community managers manage their channels. It includes streamlining and automation services which can be paid in multiple ERC20 tokens.

Independent Dev Shoutout

This month we’d like to give a shout out to two independent dev teams who demonstrated creative new ways to use Kyber’s smart contracts when building DApps.

Crypto Maniacs are one of our favourite Kyberian teams having hacked with Kyber at both EthSingapore and EthCapeTown. They won the EthSingapore Kyber bounty prize with DepoSet, a single-click TokenSet creator and built nutube.network, a video streaming service with content creator monetization facilitated by Kyber, at EthCapeTown