Crypto wallet Coin98 integrates Kyber Network’s new liquidity protocol

Coin98 Wallet is a non-custodial cryptocurrency wallet for storing, managing, trading and exchanging multi-chain tokens. It integrates the latest liquidity protocol of Kyber Network.

The Kyber DMM liquidity protocol is now accessible through the Coin98 wallet. Users can easily deposit the tokens of their choice to earn Kyber DMM fees. This is a novel Liquidity Agreement Kyber Network’s new Kyber 3.0 architecture serves as the center of a purpose-driven liquidity protocol.

Kyber DMM claims to have some major advantages over a typical AMM, including an amplifying pool function that can improve capital efficiency; and a dynamic fee function to reduce the impact of non-permanent losses and maximize the return of liquidity providers.

“This kind of cooperation provides many opportunities for Coin98 wallet users to explore more Kyber and profit from providing liquidity. On a larger scale, we will work closely to accelerate the development of DeFi on the new blockchain and bring it Bring it to more countries around the world.”
– Vinh The Nguyen, Co-founder and CEO of Coin98 Finance

Coin98 + Kyber DMM

Recently, Coin98 Wallet released the latest version of Coin98 Wallet X, iOS and Android versions, with better UI and new functions. It includes several new and upgraded integrations, including integration with Polygon Network.

At the same time, Kyber DMM-previously only on Ethereum-also Publish on Polygon Network Allows Kyber DMM liquidity providers to obtain many of the main benefits of this extended solution, including a significant reduction in gas costs.

Kyber DMM can be accessed in the app through the DApp browser of the Coin98 wallet, or by directly connecting to the Coin98 extended wallet on the Kyber DMM website.

“Kyber Network is honored to cooperate with fast-paced and innovative DeFi projects, such as Coin98 Wallet, to provide most users with the best products in a safe and sustainable manner. In addition, the timely expansion of Kyber DMM and Coin98 Wallet to Polygon is more extensive The catalyst used.”
– Loi Luu, co-founder and CEO of Kyber Network

Source link

You May Also Like

Leave a Reply

Your email address will not be published.