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[Kyber Netwok] Elpis Battle (EBA) has chosen KyberDMM DEX for enhanced token liquidity on BSC!

Elpis Battle (EBA) has chosen KyberDMM DEX for enhanced token liquidity on BSC! ~$1M+ in liquidity mining rewards!

KyberDMM (Kyber Dynamic Market Maker) is an innovative and capital efficient DEX protocol that achieves the best rates for traders through liquidity aggregation, while providing higher, capital-efficient returns for liquidity providers via amplified pools and dynamic fees.

To increase both the number and liquidity of key token pairs pools on KyberDMM, Kyber Network collaborates with popular ecosystem projects through different chains KyberDMM deploys on. This continues with a ~$1M+ liquidity mining campaign with Elpis Battle on Binance Smart Chain!

Elpis Battle Collaboration

Elpis Battle is an open-world RPG that features the play-to-earn model. Gamers can enjoy epic battles and earn sizable rewards at the same time. Elpis Battle aims to create a gaming metaverse that features multiple gameplays to increase the value of Elpis’s token, $EBA.

Elpis Battle just completed a successful token sale for their $EBA on Krystal Launchpad!

KyberDMM DEX allows $EBA LPs to maximise the use of capital via:

  • Amplified Liquidity Pools with extremely high capital efficiency; less tokens required to achieve better liquidity and rates compared to AMMs.
  • Dynamic Fees that react to market conditions and optimise returns for LPs.
  • Better Reliability & Security: Audited by ChainSecurity and insured up to $20M by Unslashed Finance.

Trade at the Best Rates on KyberDMM DEX

In addition, $EBA traders on KyberDMM DEX get much better rates on BSC compared to trading on individual DEXs. This is possible via our new Dynamic Trade Routing feature which aggregates liquidity from multiple DEXs including our capital-efficient KyberDMM pools!

Liquidity providers can now add any amount of liquidity to the eligible EBA-BUSD pool on the KyberDMM on BSC to unlock their share of the ~$1M+ in $EBA and $KNC liquidity mining rewards over the next two months.

$EBA rewards can be added back to the EBA-BUSD pool to earn even more rewards and as the governance token of Elpis Battle. KNC rewards received can be staked on other KNC pools or KyberDAO for additional KNC rewards or on KrystalGO for their future token sale allocations.

Important Details

Campaign Structure

  • ~2-month campaign with $160K in KNC and 2M (~$1M+) in EBA

How to Farm $EBA and $KNC

  1. Visit KyberDMM DEX
  2. Make sure you are on the BSC network and have some BNB tokens for gas transaction fees on BSC.

3. Visit the Pools page and add liquidity (deposit EBA and BUSD tokens) into the eligible EBA-BUSD pool which has a raindrop ? icon. You will receive Liquidity Provider (LP) tokens representing your pool share after you add liquidity.

4. Next, go to the Farm page and click Approve on the EBA-BUSD farm. Once approved, stake your LP tokens on the EBA-BUSD farm. You will start receiving EBA and KNC rewards, which can be harvested anytime.

5. Harvest your rewards whenever you want. When you harvest rewards, a 14-day vesting period starts, with rewards unlocking at every block.

6. Go to the Vesting tab to claim rewards once they are unlocked. Claim all unlocked EBA + KNC rewards after 14 days (14-day vesting starts each time you harvest rewards). Unlocked rewards can be claimed anytime.

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.

Watch this example video for detailed instructions on Yield Farming! Note: ‘Yield’ Page in the video is now renamed the ‘Farm’ page. This video example is on Polygon, but the steps are similar on Binance Smart Chain.

https://medium.com/media/6588c25a7c7e1e071907094729ed6611/href

As mentioned above, KNC rewards received can be staked on KNC pools or KyberDAO for additional KNC rewards or on KrystalGO for Token Sale allocations.

You can also trade $EBA, $BUSD, $KNC and other tokens at the best rates by navigating to the Swap page.

We look forward to working closely with the Elpis Battle team on future collaborations!

About Elpis Battle

Elpis Battle is an open-world RPG that features the play-to-earn model. Gamers can enjoy epic battles and earn sizable rewards at the same time. At Elpis, no specific gaming skills are required and users can play the way they like. Elpis Battle aims to create a gaming metaverse that features multiple gameplays to increase the value of Elpis’s token.

Learn more: Website| Twitter| DiscordTelegram

About Kyber Network

Kyber Network is delivering a sustainable liquidity infrastructure for DeFi. As a liquidity hub, Kyber connects liquidity from various protocols and sources to provide the best token rates to Dapps, aggregators, DeFi platforms, and traders.

Through Kyber, anyone can provide or access liquidity, and developers can build innovative applications, including token swap services, decentralized payments, 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$7 billion worth of transactions for thousands of users since its inception.

KyberDMM DEX, the latest protocol in the liquidity hub, provides the best rates for traders and maximizes returns for liquidity providers.

Discord | Website | Twitter | Forum | Blog | Reddit | Facebook | Developer Portal | Github | KyberDMM | KyberDMM Docs


Elpis Battle (EBA) has chosen KyberDMM DEX for enhanced token liquidity on BSC! was originally published in Kyber Network on Medium, where people are continuing the conversation by highlighting and responding to this story.



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