Ethereum Push Notifications Supports Kyber Networks liquidity Pool.

About Kyber Network

Kyber Network aims to deliver a sustainable liquidity infrastructure for DeFi. As a liquidity hub, Kyber connects liquidity from various protocols and sources (e.g. KyberDMM) to provide the best token rates to takers such as Dapps, DEX aggregators, DeFi platforms, and traders.

By linking liquidity from several protocols and sources and maximizing capital use and costs through a dynamic market making mechanism, the Kyber Network liquidity hub is empowering both DEX aggregators and LPs. EPNS is excited to announce the start of a pilot program to give decentralized push alerts to Kyber’s deeper and more capital efficient liquidity pools.

By pooling liquidity across hundreds of dApps, crypto wallets, and DeFi platforms, the Kyber Network has evolved into the largest liquidity pool hub, with over 6 billion USD in total volume. Over 100 applications, including wallets and token swaps, interface with the Kyber Network to get liquidity, in addition to Kyber’s decentralized exchange (DEX) technology KyberDMM.

The DMM employs amplified pools with dynamic fees that increase or drop in response to an amplification factor during periods of high or low volatility. The DMM maximizes returns while lowering volatility, and consequently slippage and the chance of temporary loss, in this fashion.

Token swaps, on-chain liquidation, portfolio rebalancing, and flash loans are just a few of the functions that dApps can provide with Kyber’s frictionless liquidity. Managing these services, on the other hand, necessitates communications from many platforms, and there is no single messaging service in place. Decentralized push notifications are one crucial component that is missing.

This implementation requires All users to:

  • introduce and integrate new protocols and chains (e.g., Polygon, BSC)) into the network
  • launch of new liquidity mining programs, pools, and integrations
  • announce special offers and special educational events
  • stream price feeds
  • send real-time transaction status to users
  • provide new KIP (Kyber Improvement Proposal) alerts
  • broadcast notifications for any KNC token upgrades
  • make milestone announcements on TVL and volume

“EPNS brings a much needed solution to Ethereum and other networks — a convenient way to access timely information on-chain. The Kyber Network ecosystem is moving and developing fast, so users would definitely appreciate this kind of notification service.”, commented Loi Luu, CEO and Co-Founder, Kyber Network]

HOW EPNS SOLVES THIS

  • EPNS will send all data notifications directly to Kyber user wallets.
  • The EPNS and Kyber teams will adapt the highly customizable EPNS protocol to meet the various push notification needs of users of decentralized swap markets and liquidity pools.
  • EPNS channels and users can customize their notification settings for different requirements.

EPNS is constructing a specialized Kyber Network channel (see our litepaper for definitions of channels, services, and more). Users who subscribe to the Kyber channel will receive personalized notifications in their wallets. We will gather insight into the push notification needs of users of swap markets with sophisticated features (e.g., liquidity aggregation, dynamic market creation) and what they expect from the EPNS protocol by working with the Kyber team.

Decentralized alerts will deliver real-time data to a single wallet, allowing all users to act quickly. To rebalance portfolios, market makers can discover the most appealing fees. With less slippage, takers can get liquidity through the KyberDMM protocol. Meanwhile, all users and Dapps can continue to operate within Kyber Network’s safe ecosystem without having to worry with protocol conflicts.

About Ethereum Push Notification Service

Ethereum Push Notification Service (EPNS) is a decentralized notification protocol that enables any smart contracts, dApps or even traditional services to send notifications to wallet addresses, as long as those wallet addresses have opted in to receive them from that particular service.

Stay in touch! Website, Twitter, Telegram, Medium, Whitepaper, Litepaper

To learn More ABout Kyler Network

Discord | Website | Forum | Blog | Twitter | KyberDMM

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I’m a relatable life writer . Currently developing content for Web3, Defi and blockchain projects and communities.

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Bassey Saviour

Bassey Saviour

I’m a relatable life writer . Currently developing content for Web3, Defi and blockchain projects and communities.

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