KyberSwap Elastic (Polygon)

What KyberSwap Elastic (Polygon)?

KyberSwap Elastic (Polygon) is an upgrade to the existing protocol known as KyberDMM (now KyberSwap Classic). The new protocol inherits all the KyberSwap Classic strengths, while introducing concentrated liquidity.

As a tick-based automated market maker (AMM), the protocol allows liquidity providers (LPs) to supply liquidity to an Elastic pool using a custom price range of their choice. LPs can either set a narrow or a wide price range that accommodates riskier tokens and markets. The protocol also features a Reinvestment Curve that compounds fees by automatically reinvesting the fee earnings of LPs back into the liquidity pool.

Who Are the Founders of KyberSwap Elastic (Polygon)?

The company was founded by Loi Luu and Victor Tran. Loi Luu got his Ph.D. in Computer Science from the National University of Singapore, where he worked to improve the base technical layers of the public blockchain infrastructure. He was a researcher at the Ethereum Foundation between 2016 and 2017 and a blockchain scientific advisor for several financial institutions via Anquan Capital.

Victor Tran is a senior backend engineer and Linux system administrator. He obtained a B.S. in Computer Science from the University of Engineering and Technology, Vietnam National University.

When Was KyberSwap Elastic (Polygon) Launched?

The company was founded in 2017 and launched on the Ethereum mainnet in February 2018.

Where Is KyberSwap Elastic (Polygon) Located?

The firm is based in Singapore.

KyberSwap Elastic (Polygon) Restricted Countries

According to the company’s terms and conditions, residents in the following countries are not allowed to use KyberSwap Elastic: Albania, Barbados, Botswana, Burkina Faso, Cambodia, Cayman Islands, Haiti, Jamaica, Malta, Mauritius, Morocco, Myanmar, Nicaragua, Pakistan, Panama, Philippines, Senegal, South Sudan, Syria, Uganda, Yemen, Zimbabwe, Iran, and North Korea.

What Coins Are Supported on KyberSwap Elastic (Polygon)?

The exchange has 65 markets, with the most popular trading pairs being MATIC/STMATIC, USDC/STMATIC, and USDC/USDT.

How Much Are KyberSwap Elastic (Polygon) Fees?

KyberSwap Elastic (Polygon) offers a 5-fee tier, which allows LPs to choose the fee tier they want. It ranges across 0.008%, 0.01%, 0.03%, 0.04%, and 1%.

Is it Possible To Use Leverage or Margin Trading on KyberSwap Elastic (Polygon)?

The platform does not support margin trading.