KyberSwap Leads DEX Integration with BitTorrent Chain, Providing Liquidity and Accessibility Across All Chains

By blockchainnews On Apr 19, 2022

Singapore, Singapore, 19th April, 2022,

– Kyber Network and BitTorrent Foundation have announced KyberSwap’s integration with BitTorrent Chain (BTTC) as their 11th chain integration, with more than $1.5M in liquidity mining and trading incentives available to users immediately.
The partnership will accelerate DeFi’s adoption with the combined benefits of best trading and earning rates, ease of use, security, and multi-chain capabilities.

KyberSwap is the leading multi-chain DEX and is the place to trade and earn one of the best rates in all of DeFi. KyberSwap is a pioneer of concepts such as wrapped BTC (WBTC) and Dynamic Market Making (DMM). Existing chain integrations include Ethereum, Avalanche, Polygon, BNB Chain, Cronos, Fantom, Arbitrum, Velas, Aurora, and Oasis Emerald. As of March 2022, KyberSwap was the #7 DEX in terms of TVL growth and had facilitated over $8 billion in trading volume.

As one of the first DEXs to launch on BTTC, KyberSwap provides everything an interoperable chain needs in a DEX along with a comprehensive set of Liquidity Pools, eliminating the need for any other DEXs or aggregators.

Already a household name around the world, BitTorrent Chain is an EVM compatible heterogeneous cross-chain interoperability protocol, which adopts PoS (Proof-of-Stake) mechanism and leverages sidechains for the scaling of smart contracts on Ethereum, TRON and BNB Chain. For the period of April 18th to August 17th, 2022, users of KyberSwap and BTTC can participate in more than $1.5M of liquidity mining incentives, with monthly trading competitions, community giveaways, and an exclusive airdrop for all users who participate on-chain with KyberSwap.

KyberSwap gives liquidity providers (LPs) the opportunity to maximize returns with one of the best trading rates as well as attractive incentives and yields.

Amplified Liquidity Pools with high capital efficiency; fewer tokens are required to achieve better liquidity and rates compared to AMMs.
Dynamic Fees that react to market conditions and optimize returns for LPs.
Better Reliability & Security: Audited by ChainSecurity and insured up to $20M by Unslashed Finance.

With KyberSwap, BTTC users can enjoy one of the best trading and earning experiences and access the full spectrum of multi-chain DeFi capabilities.

And that’s not all! Even more integrations, features, and rewards will be coming up soon!

In addition to the BTTC liquidity mining campaign, KyberSwap is holding a Trading Contest with $30,000 in KNC rewards! KyberSwap users will stand a chance to win $1,000 per week by trading on BTTC!

Trading Contest: 3 rounds
1st Round – Apr 18 to Apr 24

2nd Round – Apr 25 to May 1

3rd Round – May 2 to May 8
*All dates are in SGT (Singapore timezone)

How to win:
Step 1: Visit kyberswap.com

Step 2: Ensure you are on the BitTorrent Chain and that you have some BTT tokens in your wallet for gas fees.

Step 3: Trade ANY tokens

At the end of each round, the 10 wallets with the highest trading volume will win $1,000 in KNC rewards!
*All trades must be carried out on kyberswap.com.

For more information on the partnership, liquidity pools, trading contest, airdrop, and giveaways visit the Kyberswap blog post.

About Kyber Network

Kyber Network is building a world where any token is usable anywhere. KyberSwap.com, our flagship Decentralized Exchange (DEX), provides the best rates for traders in DeFi and maximizes returns for liquidity providers.

KyberSwap powers 100+ integrated projects and has facilitated over US$8 billion worth of transactions for thousands of users since its inception. Currently deployed across 11 chains including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Velas, Aurora, Oasis and BitTorrent Chain.

About BitTorrent Chain:
BitTorrent Chain (BTTC) is the world’s first heterogeneous cross-chain interoperability protocol, which adopts PoS (Proof-of-Stake) mechanism and leverages sidechains for the scaling of smart contracts. It now enables interoperability with the public chains of Ethereum, TRON and BNB Chain. Fully compatible with EVM, BitTorrent Chain facilitates the seamless transfer of assets across mainstream public chains.

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Contacts

Teresa X
press@bittorrent.com