Hassan Maishera
Kyber Network announced via a blog post on Monday that it has launched KyberZap, a new tool for seamlessly zapping liquidity in and out of liquidity protocols. KyberZap simplifies adding liquidity to Concentrated Liquidity Protocols, making it as easy as a Token Swap.
It also minimizes price impact when swapping tokens to add liquidity by using Kyber Network’s in-house Aggregator system. This system performs an off-chain simulation to identify the most efficient swap route, ensuring the highest return for the user.
Finally, the KyberZap API uses an on-chain algorithm to continuously adapt to changes in pool states during the Zap action. This ensures that the optimal amount of tokens is swapped and added to the pool, reducing or eliminating leftover assets.
Kyber Network is an on-chain liquidity protocol that aggregates liquidity reserves to allow instant and secure token exchange in multiple decentralized applications (dApps). KNC, the native token of the Kyber Network, is up 3% in the last 24 hours and currently trades at $0.4342.
