Deel dit artikel
Kyber Network’s Dynamic Market Maker KyberDMM Debuts on Binance Smart Chain
The exchange has listed the BEP-20 version of the KNC token to facilitate deposits and withdrawals from the BSC network.
Door Omkar Godbole
Decentralized crypto exchange Kyber Network launched its dynamic market maker KyberDMM on the Binance Smart Chain (BSC) to improve fees and ensure higher capital efficiency for BSC-based liquidity providers.
Kyber Network said in an announcement on Wednesday the KyberDMM protocol is available for traders, liquidity providers and yield farmers on BSC, along with the “Rainmaker” liquidity-mining campaign, which already runs on Ethereum and Polygon.
STORY CONTINUES BELOW
Mis geen enkel verhaal.Abonneer je vandaag nog op de Crypto Daybook Americas Nieuwsbrief. Bekijk Alle Nieuwsbrieven
Binance Smart Chain is the second-largest blockchain by total value locked, followed by Terra, Polygon and Solana. The top spot is held by Ethereum.
The Rainmaker program will run for two months. It will distribute 2 million KNC tokens, worth $4 million, over the four liquidity pools found on KyberDMM’s yield page: ether-Binance token (ETH-BNB), tether-binance token (USDT-BNB), tether-binance USD and kyber network token-binance token (KNC-BNB).
Users providing liquidity to those pools will receive DMM-LP tokens, representing their share in the pool. These tokens can be staked to earn additional KNC rewards proportional to their share of the pool on top of protocol fees.
Supporting the launch, Binance, the world’s largest crypto exchange, has listed the BEP-20 version of the KNC token to facilitate deposits and withdrawals from the BSC network. BEP-20 is the Binance Smart Chain token standard created to extend ERC-20.
“Binance Smart Chain has been a popular avenue for DeFi and NFT Dapps and users,” Loi Luu, CEO and co-founder of Kyber Network, said in a press release shared with CoinDesk. “KyberDMM will provide BSC ecosystem players with a capital efficient and reliable protocol for their liquidity needs and help them maximize their use of capital.”
Launched in early April, KyberDMM ensures capital efficiency by providing amplified liquidity pools and dynamic fees.
KyberDMM allows for the creation of pools with a high amplification factor, where liquidity can be increased without more tokens. That’s possible when the coins in the liquidity pool have low price volatility like the dollar-pegged stablecoins. With dynamic fees, liquidity providers can adjust protocol fees based on market conditions, maximizing returns and reducing impermanent loss arising from volatility in trading pairs.
KyberDMM went live on Ethereum in mid-April and debuted on Polygon on June 30 with a promise to boost liquidity. “Since the launch, total trading volume and total value locked on both networks have exceeded $1 billion and $500 million,” Shane Hong, head of marketing at Kyber Network, told CoinDesk.
Read more: Kyber Network Announces Polygon Integration and Liquidity Mining Program
Mehr für Sie
Was Sie wissen sollten:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Más para ti
Bhutan Debuts TER Gold-Backed Token on Solana
The Himalayan kingdom introduced TER, a Solana-based token backed by physical gold and issued through Gelephu Mindfulness City.
Lo que debes saber:
- Bhutan introduced TER, a sovereign-supported gold-backed token issued via Gelephu Mindfulness City and custodied by DK Bank, offering a blockchain-based representation of physical gold.
- The token runs on Solana, giving international investors digital portability and on-chain transparency while mimicking the experience of traditional gold purchases.
- TER follows Kyrgyzstan’s USDKG launch, highlighting a growing trend of smaller nations issuing asset-backed digital currencies tied to audited reserves as part of broader economic and technological strategies.
Top Stories
