[Kyber Netwok] Coin98 Wallet Integrates Kyber DMM
Coin98 Wallet Users can also participate in Kyber DMM’s ‘Rainmaker’ liquidity mining event.
To share the benefits of Kyber Network’s latest liquidity protocol to as many liquidity providers as possible, Kyber DMM has been integrated on Coin98 Wallet to reach its hundreds of thousands of users around the world. Coin98 Wallet is a decentralized, non-custodial, multi-chain crypto wallet and DeFi gateway; provided as an all-in-one, multi-function wallet application.
With the Kyber DMM liquidity protocol now accessible on Coin98 Wallet, users can easily deposit tokens of their choice to earn fees on Kyber DMM — the first, novel liquidity protocol of Kyber Network’s new Kyber 3.0 architecture as a hub of purpose-driven liquidity protocols.
Kyber DMM boasts some major advantages compared to typical AMM’s, including an amplified pools feature for higher capital efficiency as well as a dynamic fees feature to reduce the impact of impermanent loss and maximize returns for liquidity providers.
With DeFi continuing to evolve rapidly; Coin98 Wallet has released its latest Coin98 Wallet version X for both iOS and Android, with better UI and new features that ensure the Ultimate UX for users globally. It also includes several new and upgraded integrations, including with Polygon — one of the fastest-growing ecosystems in the market.
At the same time, Kyber DMM — previously only on Ethereum — has now launched on the Polygon Network to give Kyber DMM liquidity providers access to the many major benefits of this scaling solution, including sharply reduced gas fees.
To celebrate this major milestone and encourage Kyber DMM adoption; Kyber launched ‘Rainmaker’ on June 30th, its very first liquidity mining program, which offers ~$25M in KNC and MATIC rewards over the course of 3 months to liquidity providers (LPs) of select Kyber DMM pools on both Ethereum and Polygon. Over $350M in tokens have already been deposited!
“With the increasing adoption and rapid pace of the DeFi world, Kyber Network is proud to partner with fast-paced and innovative DeFi projects such as Coin98 Wallet to bring the best possible products to the most users in a secure and sustainable way. Furthermore, the timely expansion of both the Kyber DMM and Coin98 Wallet to Polygon is a catalyst to even wider adoption, and we look forward to continued cooperation to accelerate the growth of DeFi solutions.”
-Loi Luu, Co-Founder & CEO of Kyber Network
“This collaboration opens numerous opportunities for Coin98 Wallet users to explore more of Kyber & generate profit from providing liquidity. On a larger scale, we will be working closely together to accelerate the growth of DeFi on new blockchains, bringing it to more countries around the world.”
-Vinh The Nguyen, Co-Founder & CEO of Coin98 Finance
How to Access Kyber DMM on Coin98
Kyber DMM can be accessed in-app via Coin98 Wallet’s DApp Browser or by connecting the Coin98 Extension Wallet directly on Kyber DMM’s website.
Using the iOS or Android app of Coin98 Wallet version X, users can click the Browser button at the bottom of the home screen. Then click the ‘Kyber DMM’ icon.
Users can switch between Ethereum and Polygon wallets in-app to access Kyber DMM on the corresponding network.
Using the Coin98 Extension Wallet, users can connect directly with the Kyber DMM website interface.
About Coin98 Wallet
Coin98 Wallet is a non-custodial wallet used to store, manage, trade, swap multi-chain, multi-source digital assets. It supports the most popular chains, including BTC, ETH, TOMO, Tron, Binance Smart Chain, Solana, Polkadot, Kusama, Huobi ECO Chain, Near, Avalanche, Binance Chain, Celo, Band, Kava, Cosmos, Thor, Fantom, Polygon, Persistence. Coin98 Wallet has both the Mobile App and the Extension version that act as a gateway, connecting users to the DeFi world.
About Kyber Network
Kyber Network aims to deliver a sustainable liquidity infrastructure for DeFi. As a liquidity hub, Kyber connects liquidity from various protocols and sources to provide the best rates to takers such as Dapps, aggregators, DeFi platforms, and retail users.
Anyone can contribute liquidity to Kyber Network and Dapps can integrate different protocols depending on their liquidity needs. Using Kyber, developers can build innovative applications, including instant token swap services, ERC20 payment flows, and financial DApps — helping to build a world where any token is usable anywhere.
Kyber is powering more than 100 integrated projects and has facilitated over US$5 billion worth of transactions since its inception.