Hi, I'm new and hope somebody can enlighten me on

Question

Hi, I'm new and hope somebody can enlighten me on

my below question.

I understand that "Trading fees from different protocols need to be collected and converted to KNC on every chain (e.g. Ethereum, Polygon, BSC, Avalanche) prior to distribution. This takes time as conversion to KNC needs to be performed at suitable market rates."

However, I do not understand how Kyber Network earns Trading Fees?? E.g. what percentage?? For quickswap, it is easy to understand: 0.05% of every trade done on quickswap goes to buying back QUICK ; while for pancakeswap it's: 0.05% of every trade done on pancakeswap goes to buy and burn CAKE + 0.03% of every trade going to their CAKE treasury.

What is the Fee Percentage that Kyber charges? Or is Kyber like Uniswap? Where 100% of trading fees go to the Liquidity Providers?

#cryptocurrency #english #kybernetwork

0

18.10.2021

7 ответов

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SB Автор вопроса

I understand the dynamic fee model and view it as an important innovation. This means that 90% of all fees collected per trade goes to the LP providers, and 10% of all trading fees collected in a sense go to KNC stakers?

0

19.10.2021

SB Автор вопроса

I understand that the Dynamic Trade Routing feature + Amplified Liquidity can allow better rates , such as 0.1% trading fee and smaller slippage. However, most users still seem to overwhelmingly prefer using 1INCH as a DEX aggregator, rather than Kyber as a DEX aggregator. I also believe that logically: Kyber Aggregator will at best give a similar exchange rate to 1INCH, but cannot give a better exchange rate when compared to 1INCH. Unless I am verifiably wrong?? Because I am not seeing how Kyber as a DEX aggregator can be better than 1INCH as a DEX aggregator?

0

19.10.2021

Tania @Kyber

SB
I understand the dynamic fee model and view it as ...

Hi @sb8911, Yes, 10% of the DMM liquidity provider fees collected from trading activities will be sent to KyberDAO (the other 90% goes to liquidity providers) in return for the allocation of KNC to the Rainmaker program. You may refer to https://kyber.org/proposal/2 for more details.

0

20.10.2021

Tania @Kyber

SB
I understand that the Dynamic Trade Routing featur...

Right now our recently launched Dynamic Trade Routing has integrated 21 popular DEXs, so some swaps on other DEX aggregator platforms may offer different rates for now. However we have our own unique algorithm and we believe in the long run, as we integrate more DEXs and other liquidity sources into the KyberDMM, we can offer the best rates. In addition, we are also aiming to improve the UI/UX of the KyberDMM so as not only being able to offer the best rates, but also the best trading experience.

0

20.10.2021

SB Автор вопроса

Tania @Kyber
Hi @sb8911, Yes, 10% of the DMM liquidity provider...

Thanks for showing me the proposal and I understand better now 👍

0

20.10.2021

SB Автор вопроса

Tania @Kyber
Right now our recently launched Dynamic Trade Rout...

Look forward to the best rates and best trading experience (such as charts being provided on the UI/UX) as KyberDMM improves and grows

0

20.10.2021

@shaneHk · Accepted Answer

@shaneHk

Btw, with the new Dynamic Trade Routing feature, trading on dmm.exchange will give you better rates compared to QuickSwap and Pancakeswap since it pulls liquidity from both those DEXs and more :) https://twitter.com/KyberNetwork/status/1448642959889502221

0

18.10.2021

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Hi, I'm new and hope somebody can enlighten me on

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