The KyberSwap Elastic-Lido partnership is in its first phase which is bringing over $120,000 in liquidity mining rewards. This is is just the beginning. In this article, you will learn more about these leading platforms and how traders, liquidity providers, and developers will benefit.
Choose From 5 Pools to Earn LDO & KNC Rewards
From August 16th, investors will be able to pick any of Kyber’s liquidity pools and get compounded fees. Here they are:
- stMATIC – MATIC. (Fee Tier: 0.01%)
- stMATIC – USDC. (Fee Tier: 0.04%)
- stMATIC – USDT. (Fee Tier: 0.04%)
- stMATIC – DAI. (Fee Tier: 0.04%)
- stMATIC – MAI. (Fee Tier: 0.04%)
#KyberSwap@LidoFinance partner up to enhance liquidity on @0xPolygon
??Enjoy 5? $stMATIC farms with $120K+ incentives for $WMATIC
#ConcentratedLiquidityhttps://t.co/5ncn0QgUE7
??Full Details: https://t.co/j8g63bDJNypic.twitter.com/ww1gyeYAdS
— Kyber Network (@KyberNetwork) August 16, 2022
Moreover, with these pools, liquidity providers will get an optimized product for slippage, volume, and earnings. On the other hand, KyberSwap Elastic has a reinvestment curve, which let earnings fees reinvest into liquidity pools so investors can get higher APYs.
Also, Kyberswap has a Just-in-Time (JIT) Attack Protection feature which makes liquidity providers more secure with their earnings.
Benefits of KyberSwap Elastic – Lido Partnership
This partnership is giving traders, liquidity providers, and developers important benefits:
- For Traders: They will be able to swap tokens to get stMATIC in KyberSwap with better rates. Also, traders will identify other Polygon tokens in the exchange.
- For Liquidity Providers:
- Any stMATIC token pairs will have concentrated liquidity (compounded rewards). More info about adding liquidity to Lido pools is
- stMATIC farms will have liquidity incentives. More info about the farming process is
- Lido’s liquidity providers will have their earnings protected with Just-in-Time (JIT) Attack Protection, as mentioned above.
- For Developers: Decentralized applications can integrate with KyberSwap’s liquidity pools and its . This lets users earn better rates and have a better user experience.
Participate in KyberSwap – Lido Contest to Win Up to $28,000
On the other hand, KyberSwap Elastic-Lido together are launching a Trading Contest only in Polygon’s chain with a $28,000 reward for 500 users. So, you will be able to participate from August 16th (3:00 UTC) to August 30th (15:59 UTC).
Also, participants need to trade with at least $50 to qualify. So, you can see the ranking on the Trading Leaderboard. More info
??LIVE NOW??
#KyberSwap@0xPolygon#TradingContest has begun!
Trade any token and compete for top ranks for top #Prizes
??Start #swappinghttps://t.co/YnRs5rMsmShttps://t.co/xYL9YEQ0pR
— Kyber Network (@KyberNetwork) August 16, 2022
