Avalanche’s 2nd Rush phase launches on KyberSwap: $1M in mining rewards

Avalanche’s 2nd Rush phase launches on KyberSwap: $1M in mining rewards

What is Avalanche?

Why use KyberSwap?

  • Decentralized exchange (DEX) aggregation — Better rates are available on BNB Smart Chain (BSC) versus trading on individual DEXs by a dynamic trade routing feature that aggregates liquidity from multiple DEXs, including the capital-efficient KyberSwap pools.
  • Amplified liquidity pools — Liquidity providers use amplified pools that enjoy excellent capital efficiency with reduced trade slippage. With the same pool and trade size, stable token pairs with low price-range variability — e.g., Tether (USDT) and USD Coin (USDC) — can have up to 400-times better slippage than other platforms. Liquidity providers can provide better prices and earn more fees with less capital.
  • Dynamic fees — Protocol fees are adjusted dynamically based on market conditions to maximize returns and reduce the impact of impermanent loss for liquidity providers, with fees automatically accruing from pool transactions.
  • Fully permissionless — Anyone can create a pool or add liquidity to existing pools, while any DApp, DEX aggregator or end-user can access this liquidity. KyberSwap is already integrated with 1Inch Network, ParaSwap, 0x, Matcha and Slingshot, with more aggregators and DApps later.
  • Reliable and secure — KyberSwap’s codebase has been audited by external auditors such as ChainSecurity and is open-source on GitHub for community review. KyberSwap doesn’t use third-party oracles and is not vulnerable to external oracle risks. It is also

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