KyberSwap is now using Chainlink Price Reference Data to update our asset prices
KyberSwap is now using Chainlink Price Reference Data to update asset prices in their UI. This provides KyberSwap users with more reliable price feeds for calculating slippage rates and further safeguards against price manipulation.
According to the announcement on June 12, currently, KyberSwap’s price feeds are taken exclusively from Kyber Network. While using Kyber Network as an on-chain feed for token prices is viable, users are recommended to take adequate measures to verify the rate obtained on Kyber with multiple other price feeds to ensure the most accurate market rate when making a swap.
By referencing Chainlink’s price feeds for supported tokens, KyberSwap enhances the reliability of key price feeds that users count on for calculating slippage rates. Adding Chainlink Reference Data also hardens KyberSwaps’s security, further safeguarding against price manipulation by malicious parties. When swapping tokens, market reference prices are now displayed on KyberSwap as deriving from both Chainlink and Kyber Network.
“KyberSwap is glad to work with a reputable project like Chainlink and its decentralized oracle network to provide reliable price feeds for our non-custodial token swap platform and improve the overall trader experience.” — Sunny Jain, Head of Product, KyberSwap
“We’re excited to integrate Chainlink Price Reference Data with KyberSwap to bring more security and reliability to the price feeds their traders rely on for calculating slippage.” — Johann Eid, Product Manager on Chainlink
KyberSwap is the easiest and fastest way to swap between Ethereum tokens. KyberSwap is powered by Kyber Network’s on-chain liquidity protocol, which allows it to gain access to liquidity for over 70 different ERC20 tokens.
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