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Home Platforms KyberSwap
KyberSwap reviews

Average rating of 95% based on 259 reviews.

Founded 6 years ago in 2018.

Use anonymously. No KYC required.

Decentralised exchange.

Reviewed by Yunis
18 October 2022 (Updated 20 July 2024)

KyberSwap Crypto Platform

KyberSwap is a multichain DEX aggregator and cryptocurrency exchange platform. The founders of KyberSwap are Loi Luu - Co-Founder and CEO, Victor Tran Co-Founder. The platform has launched in 2018 in Singapore.

KyberSwap is a next-generation swap and exchange platform operating on 14 different networks. These networks are Ethereum, Polygon, BNB Chain, Avalanche, ZkSync, Fantom, Cronos, Arbitrum, BitTorrent, Velas, Aurora, Oasis, Optimism, and Solana.

KyberSwap's primary objective is to optimize trading rates for traders while maximizing returns for liquidity providers within decentralized finance (DeFi). To begin with KyberSwap, users can check the functional interface of KyberSwap on the website.

The KyberSwap Interface is a comprehensive web application that provides users with convenient access to top-quality liquidity solutions in DeFi. Its primary aim is to make DeFi accessible to all users. The interface is designed to smoothly integrate with popular Web3 wallets, enabling users to promote the full range of KyberSwap's features while preserving complete control over their funds. This collaboration empowers users to explore and utilize KyberSwap's functionalities with ease and confidence.

The key factor that makes KyberSwap different than others is that KyberSwap stands as the pioneering multi-chain Dynamic Automated Market Maker (DMM) within the DeFi space, offering liquidity aggregation capabilities while prioritizing optimized returns for liquidity providers. The advantages and features that KyberSwap provides us are KyberSwap Classic, KyberSwap Elastic, KyberSwap Aggregator, and KyberAl.

KyberSwap Classic was designed by considering the lack of optimization of capital efficiency and price spreads on the standard AMM model. To maximize yields and foster deeper market liquidity, KyberSwap Classic serves strategies to enhance capital utilization. Additionally, it dynamically adjusts trading fees to capitalize on prevailing market conditions. So, KyberSwap Classic excels in achieving superior risk-adjusted returns for liquidity providers while concurrently minimizing slippage for traders, resulting in an optimized trading experience for both sides.

Because of the complicated yield generation methods, Uniswap V3 started concentrated liquidity concepts. By combining the advantages of these concepts, KyberSwap Elastic empowers liquidity providers to define their desired liquidity price ranges, all while optimizing returns through improved capital efficiency and automated compounding of yields.

KyberSwap Aggregator helps traders in accessing superior swap rates by connecting them to fragmented liquidity across multiple decentralized exchanges and chains. It achieves this by optimizing trade routes through both Automated Market Maker (AMM) and Order Book DEXs, resulting in the objective identification of capital-efficient liquidity sources. This approach ensures favorable swap rates for users while promoting market stability. KyberSwap Aggregator provides a powerful solution that enhances trading efficiency, liquidity access, and customization options for both traders and developers within the DeFi ecosystem.

KyberAI offers users exclusive access to a rich pool of markets. By aggregating on-chain and off-chain data from multiple chains, KyberAI collects extensive information into actionable insights. These insights can be conveniently accessed through the user-friendly KyberSwap Interface, providing users with valuable market intelligence to inform their trading decisions. With KyberAI, users can leverage comprehensive data analysis to enhance their trading strategies and stay informed about market trends, enabling them to make more informed and potentially profitable investment choices.

Unfortunately, On 3 September 2022, the official Twitter account of Kyberswap posted a notice of exploit. Depending on the information they gave, hackers hacked 265 000 dollars of users' funds. The team announced that the users' funds will be compensated and the hack suspects have been detected.

Pros

tick $55,065,306 USD currently invested (TVL)
tick Investments in 118 coin pairs available
tick Supports 7 protocols including Optimism, Arbitrum and Ethereum

Cons

cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users

KyberSwap Staking Yields

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Columns
  Product Yield Chain Term Yield Yield Trend TVL TVL Trend
WFTM-BEFTM
816%
WFTM 816% APY
BEFTM
Fantom Opera
Instant Access
816%
WFTM 816% APY
BEFTM
$12,113
A1.5-WETH
572%
WETH 572% APY
Arbitrum
Instant Access
572%
WETH 572% APY
$13,461
OP-KNC
489%
KNC 391% APY
OP
Optimism
Instant Access
489%
KNC 391% APY
OP
$45,489
WSTETH-KNC
364%*
KNC 306% APY
WSTETH
ARB 58.2% APY
Arbitrum
Instant Access
364%*
KNC 306% APY
WSTETH
ARB 58.2% APY
$57,665
LDO-KNC
349%*
LDO 292% APY
KNC
ARB 56.9% APY
Arbitrum
Instant Access
349%*
LDO 292% APY
KNC
ARB 56.9% APY
$41,601
KNC-LINK
335%*
LINK 305% APY
KNC
ARB 29.8% APY
Arbitrum
Instant Access
335%*
LINK 305% APY
KNC
ARB 29.8% APY
$68,247
KNC-LDO
269%*
LDO 213% APY
KNC
OP 55.9% APY
Optimism
Instant Access
269%*
LDO 213% APY
KNC
OP 55.9% APY
$32,426
SNX-KNC
253%*
SNX 227% APY
KNC
OP 26.3% APY
Optimism
Instant Access
253%*
SNX 227% APY
KNC
OP 26.3% APY
$78,083
KNC-LINK
218%
LINK 205% APY
KNC
Polygon
Instant Access
218%
LINK 205% APY
KNC
$94,392
KNC-AAVE
202%
AAVE 180% APY
KNC
Polygon
Instant Access
202%
AAVE 180% APY
KNC
$66,167
USDC-AXLKNC
201%*
KNC 127% APY
USDC 74.8% APY
Arbitrum
Instant Access
201%*
KNC 127% APY
USDC 74.8% APY
$14,950
USDC-AXLKNC
200%*
KNC 172% APY
USDC 27.9% APY
Optimism
Instant Access
200%*
KNC 172% APY
USDC 27.9% APY
$10,408
WSTETH-KNC
199%*
KNC 151% APY
WSTETH
OP 47.4% APY
Optimism
Instant Access
199%*
KNC 151% APY
WSTETH
OP 47.4% APY
$114,723
WSTETH-USDC
147%
USDC 0.8% APY
WSTETH
Ethereum
Instant Access
147%
USDC 0.8% APY
WSTETH
$505,189
UMAMI-USDC
132%
ARB 132% APY
KNC
Arbitrum
Instant Access
132%
ARB 132% APY
KNC
$23,237
KNC-LDO
114%
LDO 95.4% APY
KNC
Polygon
Instant Access
114%
LDO 95.4% APY
KNC
$76,604
WMEMO-USDT.E
114%
WMEMO 114% APY
USDT.E
Avalanche C-Chain
Instant Access
114%
WMEMO 114% APY
USDT.E
$15,986
ARB-USDT
111%*
USDT 77.7% APY
ARB
KNC 33.5% APY
Arbitrum
Instant Access
111%*
USDT 77.7% APY
ARB
KNC 33.5% APY
$173,332
WSTETH-USDC
82.3%*
KNC 68.8% APY
USDC 13.5% APY
WSTETH
Polygon
Instant Access
82.3%*
KNC 68.8% APY
USDC 13.5% APY
WSTETH
$240,702
LDO-KNC
77.7%
LDO 77.7% APY
KNC
Arbitrum
Instant Access
77.7%
LDO 77.7% APY
KNC
$11,317
* Rates are tiered according to deposit size. Hover on rate for further details.
No matching yield products found

KyberSwap Reviews

Based on a total of 259 reviews across the web for KyberSwap we gave the platform an overall rating of 95%.

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Is This Coin a Scam
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KyberSwap YouTube Reviews

KyberSwap Scams, Frauds, Hacks and Blunders

2 Sep 2022

KyberSwap Supported Currencies

KyberSwap supports over 60 currencies including Tether USDt, Chainlink, Optimism and Lido DAO.

KyberSwap Key Data

Company
Automatic market maker tick Yes
Year founded 2018
Decentralised tick Yes
Open source tick Yes
Non-custodial tick Yes
Products
Savings accounts tick Yes
Loans cross No
Crypto to crypto exchange tick Yes
Fiat to crypto exchange cross No
Pro exchange marketplace cross No
Peer to peer exchange cross No
Margin trading tick Yes
Crypto withdrawals to private wallet tick Yes
Futures exchange cross No
DEX aggregator tick Yes
Security
Know your customer cross No
Credit check cross No
Support
24/7 support cross No
Email support tick Yes
Phone support cross No
Chat support tick Yes
Investment Strategy
Liquidity pools tick Yes
DeFi products tick Yes
Unsecured loans cross No
Key People
Loi Luu
Victor Tran

ALooking at reviews from across the web, KyberSwap has an average review score of 95% based on 259 reviews.

Useful Links

KyberSwap Contact Details

https://kyberswap.com/

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