Kyber Network has announced an upgrade to its decentralized exchange, KyberSwap, through the integration of NEAR Protocol’s transaction framework, NEAR Intents.
This collaboration aims to enhance cross-chain liquidity and streamline the swapping process for users, allowing them to trade assets such as BTC, ETH, USDC, and DOGE without the need for bridging or incurring high spread costs.
Effortless Cross-Chain Trading
The integration of NEAR Intents enables effortless cross-chain swaps, providing instant trading capabilities across multiple blockchain ecosystems.
Users will now be able to access deeper liquidity and better rates from major chains like Ethereum and Bitcoin, ensuring optimal pricing and reduced slippage.
Additionally, the upgrade promises a very user-friendly swap experience. The upgrade will also be able to carry out faster transaction finality and improved liquidity depth.
KyberSwap’s Commitment to Decentralized Trading
KyberSwap is also committed to boosting the NEAR ecosystem by developing a dedicated solver for NEAR Intents. This initiative will enhance efficiency and reusability on KyberSwap.com and beyond.
The integration indicates KyberSwap’s dedication to decentralized trading, allowing users to maintain custody of their assets while engaging in transaction across non-EVM chains. Along with expanding KyberSwap’s capabilities, this move also solidifies its position in the industry.
As Kyber Network continues its journey towards innovation, users can expect a frictionless trading experiences that are in line with the growing demand for seamless cross-chain interactions.
With this upgrade, KyberSwap is set to redefine how users engage with decentralized finance, enhacing accessibility and usability across various blockchain networks.
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