Read on Twitter
finally took a look at the new @KyberNetwork $KNC stuff - some thoughts https://twitter.com/DegenSpartan/status/1353342469035855875
the main article to read about the updates is here https://blog.kyber.network/kyber-3-0-architecture-revamp-dynamic-mm-and-knc-migration-proposal-acae41046513
ive actually mentioned in the past that ive wondered why kyber doesnt have their own AMM
am i a visionary or wut https://twitter.com/DegenSpartan/status/1228193876017479680
am i a visionary or wut https://twitter.com/DegenSpartan/status/1228193876017479680
et viola
now they have their DMM, which from how i understand it, is basically customized pools with 2 levers of
- market based dynamic fees
- customized curves for capital efficiency https://twitter.com/KyberNetwork/status/1352252537001316353
now they have their DMM, which from how i understand it, is basically customized pools with 2 levers of
- market based dynamic fees
- customized curves for capital efficiency https://twitter.com/KyberNetwork/status/1352252537001316353
i have been very vocal AGAINST stupid burn models, of which KNC is one of the largest offenders
wording sounds very ambiguous, but i think they may have realized that they need to incentivize usage and if they opt for inflation, that could work https://twitter.com/KyberNetwork/status/1352259624259371008
wording sounds very ambiguous, but i think they may have realized that they need to incentivize usage and if they opt for inflation, that could work https://twitter.com/KyberNetwork/status/1352259624259371008
the last time a defi protocol upgraded to a new token contract, they also killed their burning and added in liquidity mining
*cough* AAVE *cough*
"support new liquidity innovation"
"liquidity incentives and rewards"
*cough* AAVE *cough*
"support new liquidity innovation"
"liquidity incentives and rewards"
as much as ive been a long time critic of KNC, ive also always liked them (the team, not the token)
they are slow moving, but they have been good actors in the space
ive had plenty of trades route through kyber in the past https://twitter.com/DegenSpartan/status/1345240511364308992
they are slow moving, but they have been good actors in the space
ive had plenty of trades route through kyber in the past https://twitter.com/DegenSpartan/status/1345240511364308992
ive always maintained the AMM segment on Ethereum to be hyper competitive
so it will be interesting to see if Kyber 3.0 can shake things up with all the competition
regardless who wins the AMM war, it should be interesting for LPs to have lotsa options https://twitter.com/DegenSpartan/status/1330003705479917569
so it will be interesting to see if Kyber 3.0 can shake things up with all the competition
regardless who wins the AMM war, it should be interesting for LPs to have lotsa options https://twitter.com/DegenSpartan/status/1330003705479917569
price-wise, $KNC looks completely ignored as hell and i never hear anyone talk about it ever these days
i bet new guys have never even heard of kyber before
suffering from complete and absolute lack of awareness
no one even knows that it exists
i bet new guys have never even heard of kyber before
suffering from complete and absolute lack of awareness
no one even knows that it exists
if they do ditch the retarded burn mechanics, implement liq incentives, attract liquidity into their DMMs and claw back market share and attention
their token would *FINALLY* look good
(its the same price in ETH as it was 1.5 years ago) https://twitter.com/DegenSpartan/status/1162200212175114242
their token would *FINALLY* look good
(its the same price in ETH as it was 1.5 years ago) https://twitter.com/DegenSpartan/status/1162200212175114242
i think the saddest thing about kyber is how that in ETH terms, they are down -88% from their defi summer peak
they were in serious big need of an overhaul, so hopefully this saves them and turn them around
if not for this v3.0 news, i wouldve considered them a sinking ship
they were in serious big need of an overhaul, so hopefully this saves them and turn them around
if not for this v3.0 news, i wouldve considered them a sinking ship
also a funny thought - if KNC abandons the burn model
MKR would be the lone spastic still doing it
very nice
MKR would be the lone spastic still doing it
very nice
