Share this article
Kyber Network Announces Polygon Integration and Liquidity Mining Program
The Rainmaker program aims to bring more liquidity to Ethereum and Polygon-based decentralized finance (DeFi) ecosystems.
Updated Sep 14, 2021, 1:11 p.m. Published Jun 16, 2021, 1:00 p.m.
Make us preferred on Google
Ethereum-based decentralized exchange Kyber Network is partnering with the Ethereum layer 2 scaling solution Polygon network to enhance the decentralized finance (DeFi) liquidity.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- In an announcement on Wednesday, Kyber Network said it will expand to the Polygon network on June 30 and launch "Rainmaker" – the two-month-old Kyber dynamic market maker (DMM) protocol's first liquidity mining program on Polygon and Ethereum.
- "Through this partnership, Polygon's vibrant ecosystem will gain access to the highly capital efficient and flexible Kyber DMM protocol," Loi Luu, co-founder of Kyber Network, said in a press release shared with CoinDesk. "We believe this will empower more liquidity providers, traders, and developers to effectively engage in the world of decentralized finance."
- The Rainmaker program aims to bring more liquidity to Ethereum and Polygon-based decentralized finance (DeFi) ecosystems by incentivizing Kyber DMM liquidity providers with $30 million in rewards over three months.
- Polygon liquidity providers will receive $5 million with the rest to be paid to Ethereum liquidity providers, Kyber network's spokesperson told CoinDesk in a Telegram chat.
- During the two-month Polygon phase of the liquidity mining program, six eligible liquidity pools will receive 2.52 million Kyber network tokens (KNC) and Polygon's MATIC tokens worth $500,000.
- Recipients can employ KNC and MATIC tokens for more liquidity mining. Additionally, KNC tokens can be staked in KyberDAO to participate in Kyber's governance and earn voting rewards.
- The Ethereum phase will run for three months and distribute 12.6 million KNC tokens to liquidity pools.
- Kyber's dynamic market maker (DMM), aimed at bringing greater flexibility and high capital efficiency by offering liquidity providers amplified pools and dynamic fees, went live in early April.
- Polygon's adoption has exploded in recent months with major DeFi protocols switching to the layer 2 scaling solution in a bid to bypass relatively higher fees and congestion on Ethereum.
Also read: Hunt for Yield: Wrapped BTC Now Holds More Than 1% of Bitcoin's Circulating Supply
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Here's what Fed's highly anticipated rate decision this week means for bitcoin and the dollar
Powell could signal a "dovish pause," but his comments on other issues may temper the bullish reaction in BTC and other risk assets.
What to know:
- The Fed is expected to keep rates unchanged this Wednesday.
- Powell could signal a "dovish pause," powering risk assets, including bitcoin, higher.
- His explanation of the status quo decision might put a floor under the dollar.
- Powell may get questions on the impact of Trump's housing affordability measures, perceived threat to Fed's independence and tariffs.
Top Stories
