Summary (IA Generated)
Decentralized exchange Kyber has launched a Dynamic Market Maker, or DMM, in what it claims is a world first.
] 3%, the new DEX will calculate fees dynamically, increasing during times of high volatility and demand, and decreasing when markets are quiet.
] Kyber Network is an on-chain liquidity protocol that has a DEX called KyberSwap, which allows users to swap crypto assets without a central order book or operator.
] In essence, tokens that have a lower deviation from their prices such as stablecoins can have a higher amplification factor which allows the liquidity to increase without needing more tokens in the pool.
] Pool creators can set their own AMP factor which increases the liquidity depending on the type of tokens in the pool — stable tokens can have a higher factor, whereas more volatile ones will be set lower.
‘This means that given the same liquidity pool and trade size, Kyber DMM can provide much better liquidity and slippage compared to AMMs.
] It stated that the full audit will be released soon but added that the protocol is still in beta.