Blockchain and Crypto Blog

Ivan on Tech Academy provides latest insights and reports about the blockchain industry.

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The Kyber Network - Decentralized Exchanges and Kyber

Written By Ivan on Tech

Jul 10, 2020

The Kyber Network offers a way to swap ETH and other ERC-20 tokens instantly without a centralized exchange (CEX). Kyber’s popularity has soared in 2020. In fact, the popularity of Decentralized Finance (DeFi) as a whole has. Just look at how the total value locked in US dollars has grown over the past few years:

  • 2018: $190 Million
  • 2019: $638 Million
  • 2020: $2 billion

The DeFi ecosystem consists of decentralized exchanges, insurance, stablecoins, synthetics, and money markets. Today, however, we will be focused on decentralized exchanges—specifically the Kyber Network—a fully on-chain liquidity protocol.

Decentralized Exchanges

If you read the previous article, “Decentralized Exchanges – What Is A DEX?”  then you already know some of the advantages of trading on a DEX. They are: 

  • Pseudo-anonymous: You can participate without filling out lengthy forms, providing background info, or an official ID. 
  • Automatic: So long as there is...
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DeFi Explained: Kyber Network Provides Liquidity to DeFi and dApps

Written By Ivan on Tech

Jun 01, 2020

Decentralized Finance, also known as DeFi, is a quickly evolving and increasingly integral part of the blockchain space, especially on the Ethereum protocol. If proponents are correct, the technology could lead to greater financial autonomy among users while undercutting financial rent-seekers and reducing costs. During a time of unprecedented monetary policy and limitless quantitative easing, such an accomplishment has implications far beyond Ethereum and the DeFi space.

Nevertheless, as the financial system is re-engineered on-chain, several innovations are still required to establish ease and security of use as well as financial stability. The Kyber Liquidity Protocol is one such link in the chain, aiming to create a more fluid and user-friendly financial experience. Focused on creating a decentralized source of liquidity, this liquidity pool, market maker-like blockchain project is gaining traction as an increasingly integral part of the DeFi system.

Correlating The Kyber...

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