Avalanche is an open, programmable smart contracts platform with high throughput and near-instant transaction finality. Its high performance has led Avalanche to become a popular, rapidly growing venue for DeFi Dapps and NFTs.

Ro7O6Falf52Phjkqh Xwvtnwalrhbajwxlmfxkonzjzdv3Otyvmtgtyxayv9Qmgonmuk8M0Xtlxdbyqjw8Rx0Ougv Vdw6Slpqpg

Built on the Avalanche platform, Kyber Network is looking to create a world where any token can be used anywhere. KyberSwap.com, the premier Decentralized Exchange (DEX), offers the best rates for traders in DeFi and maximizes profits for liquidity providers. KyberSwap will continue to play a vital role in providing critical liquidity infrastructure for the thriving DeFi ecosystem on Avalanche.

I. Kyber Network x Avalanche

KyberSwap has been supporting over 100 integration projects and has facilitated over $7 billion worth of transactions for thousands of users since its inception. Currently, KyberSwap has been deployed on 9 chains including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Velas, Aurora.

7 months ago, KyberSwap deployed on Avalanche Network and started a partnership with Avalanche Foundation, with Phase 1 seeing great success in providing improved liquidity and rates to Avalanche’s DeFi ecosystem and allowing Kyber Network to start collaborating with popular ecosystem projects!

Emin Gün Sirer – Director at the Avalanche Foundation – has lavished praise on the KyberNetwork project: “Enhancing liquidity opportunities is a key factor in growing the DeFi ecosystem and welcoming new participants into the community. We support Kyber’s vision to deliver a sustainable liquidity infrastructure and welcome their protocol to establish a more valuable ecosystem on Avalanche.”

And here’s the good news for you: Now, the long-awaited Phase 2 of Avalanche Liquidity Mining is ready to launch!

Starting from about 21st March 09:00 EDT, liquidity providers can add any amount of liquidity to the eligible pools on KyberSwap on Avalanche Network and unlock their share of the ~ $1 million in AVAX and KNC liquidity mining rewards over the next 4 months.

DK Mobile: Genesis 970x90

II. What advantages does KyberSwap have over other platforms?

Liquidity providers on KyberSwap will certainly be very pleased with their choice as they enjoy important benefits that are not available on typical AMMs.

Ee9Cyvf Wgmpu0Saluivvcvxqokwz3Prcako1Veiykneszbv C0Anbsez1Yuts7Wz6Xzzhq01Gz4Ztf38Hmv5Wjedpytgqpix7Kut Crd647Ftwc0Owjm0Oydd6At0Hgmtoy41Zh

➣ DEX Aggregation
Get better rates compared to trading on individual DEXs. This is possible via their Dynamic Trade Routing feature which aggregates liquidity from multiple DEXs, including their 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 variability in the price range (e.g. USDT/USDC) can enjoy up to 400 times better slippage compared to 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 transactions in the pool.

➣ 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, Paraswap, OKEx, Matcha, and Slingshot, with more aggregators and Dapps on the way.

➣ Reliable and Secure
KyberSwap’s codebase has been audited by external auditors such as Chain Security and is open source on Github for community review. KyberSwap doesn’t use 3rd-party oracles so it is not vulnerable to external oracle risks. KyberSwap is also covered up to $20 Million by decentralized insurance provider Unslashed Finance.

III. Rainmaker on Avalanche Network

Svgc62Jwvl7J38Sa Fbskwllsfou8Sg4Vi5Dxaxmaya27Zts7Fyfn7Tz3Dwrztw05K3Xq94Grd5Ztbmhfs

KNC and AVAX tokens worth approximately $5.8 Million have been allocated as incentives as part of the Rainmaker + Avalanche Rush Liquidity Mining Program, with the initial plan to have about $1M allocated to Phase 1 and the remainder allocated to Phase 2.

However after deep discussion between the teams and feedback from the community, it was decided that Avalanche Rush would be extended, with another ~$1M allocated to Phase 2 and the remainder set aside for Phase 3.

⭓ Phase 2 will start on ~ 21st March 09:00 EDT with ~ $1 million in AVAX and KNC incentives distributed across 4 pools.

How to Participate in Rainmaker?

Bridging Assets to Avalanche: Ethereum assets can be easily migrated via the Avalanche Bridge (AB), a cross-chain bridging technology that transfers assets between blockchains. Use the Avalanche Bridge to transfer ERC20 assets to your Avalanche C-Chain (Mainnet) Metamask wallet.

After bridging assets, they will be displayed as asset.e (ex. wETH.e, USDT.e); and users will have to add custom token addresses to display them in Metamask wallet. Please see all addresses of all supported assets on the proof of assets page.

Important Details:

Start: ~ 21st March 09:00 EDT
Duration: 4 months
Reward: about $300K in $AVAX and $750K in $KNC incentives
Pools:
USDC.e-USDT
USDT.e-USDT
ETH.e-WAVAX
KNC-WAVAX
Campaign Duration: ~ 4 months
Vesting:
USDC.e-USDT: ~ 60 days
USDT.e-USDT: ~ 60 days
ETH.e-WAVAX: No vesting
KNC-WAVAX: No vesting
KNC Token Contract (Avalanche): 0x39fC9e94Caeacb435842FADeDeCB783589F50f5f

Avalanche fans, get ready! KyberSwap will start Phase 2 of their liquidity mining with a huge reward around $1 million!

1Du23Qwzoywwihian7 Be Aaj82Sh73Qsu Zv3Kvkfxyr1Rwnaxybeezlrm5Ofj2Vevpwsfwz Ima Qnxpyxmq70Tpt2Mqqrsf4Aredjoz4Q 0Teal9Mc1Bdiwywhaqsneizqthg
DK Mobile: Genesis 970x90

IV. How to Farm $AVAX and $KNC

⧫ Step 1: Go to https://kyberswap.com

⧫ Step 2: Make sure you are on the Avalanche network and have some AVAX tokens for gas transaction fees on Avalanche.

⧫ Step 3: Visit the Pools page and add liquidity into the eligible pools. Eligible Rainmaker pools are identifiable by a raindrop 💧 icon. You will receive Liquidity Provider (LP) tokens representing your pool share after you add liquidity.

⧫ Step 4: Next, go to the Farm page and click Approve on the farm you wish to add liquidity to. Once approved, stake your LP tokens on the farm and you will start receiving AVAX and KNC rewards, which can be harvested anytime.

⧫ Step 5: Harvest your rewards whenever you want. When you harvest rewards, a 60-day vesting period starts, with rewards unlocking at every block.

⧫ Step 6: Go to the Vesting tab to claim rewards once they are unlocked. Claim all unlocked KNC rewards after 60 days (vesting starts each time you harvest rewards). Unlocked rewards can be claimed anytime.

⧫ Step 7: To remove liquidity, first, unstake your LP tokens on the Farm page, then go to the My Pools page to view and remove your liquidity position. For more details, read this guide on how to remove liquidity.

To make it easier, watch this video now for detailed instructions on Yield Farming! Note: this video is a tutorial on Ethereum, but the steps are similar on Avalanche Network. 

V. KyberSwap x Avalanche first airdrop for community

Here’s one more exciting news for you!

In preparation for the KyberSwap x Avalanche Foundation Liquidity Mining Phase 2, the team encourages the community to participate in their token airdrop.

🏆 Rewards: $200 KNC for 5 lucky winners.

Time: From 21th March 2022 to 11:00 PM (GMT +7) 24th March 2022.

📍 Rules:
Members participating in Airdrop join their social media channels to receive Airdrop rewards. The following channels are recommended:
➣ Join their Discord server: https://discord.com/invite/NB3vc8J9uv
➣ Follow their Twitter/Retweet and tag 3 friends: https://twitter.com/KyberNetwork
➣ Join Telegram group: https://t.me/kybernetwork
➣ Enter your BSC Wallet here: https://gleam.io/GPUjX/kybeswap-x-avalanche-foundation-giveaway

Kchjswtqn0Tkjpw4Kkz2Jg9Cpbsdepyfptqdics76Yz Xti4B5Igndajbr2Wjezqvk3Dbfut9Nn4Whtupyfyzykrvfrfjxmglidxwlfbus3Bz7Zp9Qlgdj

Hurry up to participate to win super attractive prizes!

Official Links

Website: https://kyberswap.com
Twitter: https://twitter.com/KyberNetwork
Telegram: https://t.me/kybernetwork
Discord: https://discord.com/invite/NB3vc8J9uv
Blog: https://blog.kyber.network/

DK Mobile: Genesis 300x250