Authoritative cryptocurrency navigation to safely master BTC, ETH and other mainstream digital assets.

KyberSwap Elastic (Polygon)

About KyberSwap Elastic (Polygon)

What is KyberSwap Elastic (Polygon)?

KyberSwap Elastic (Polygon) is an upgrade from KyberDMM (now known as KyberSwap Classic). The new protocol inherits all the benefits of KyberSwap Classic and introduces centralized mobility. The protocol itself is tick-based Automated Market Maker (AMM). Liquidity providers (LPs) can supply liquidity to the Elastic pool through a custom price range, and LPs can set a narrow or wide price range to accommodate riskier tokens and markets. In addition, the protocol also has a reinvestment curve that automatically aggregates the fees earned by LPs to be reinvested in the liquidity pool.

Who are the founders of KyberSwap Elastic (Polygon)?

The company was founded by Loi Luu and Victor Tran. Loi Luu received his PhD in computer science from the National University of Singapore. During his studies, he focused on improving the underlying technology of the public chain infrastructure. He worked as a researcher at Ethereum Foundation from 2016 to 2017 and as a blockchain science advisor to various financial institutions through Anquan Capital. Victor Tran is a senior backend engineer and Linux system administrator. He received his bachelor's degree in computer science from the University of Engineering and Technology, Vietnam National University.

When did KyberSwap Elastic (Polygon) launch?

The company was founded in 2017 and the protocol went live on the ethereum mainnet in February 2018.

Where is KyberSwap Elastic (Polygon) located?

Their company is located in Singapore.

Countries with restricted access to KyberSwap Elastic (Polygon)

According to the company's terms and conditions, residents of the following countries are not allowed to use KyberSwap Elastic's services: Albania, Barbados, Botswana, Burkina Faso, Cambodia, Cayman Islands, Haiti, Jamaica, Malta Mauritius, Morocco, Myanmar, Nicaragua, Pakistan, Panama, Philippines, Senegal, South Sudan, Syria, Uganda, Yemen, Zimbabwe, Iran, and North Korea.

What coins does KyberSwap Elastic (Polygon) support?

The exchange has 65 markets, with the most popular pairs including MATIC/STMATIC, USDC/STMATIC, and USDC/USDT.

What are the fees for KyberSwap Elastic (Polygon)?

KyberSwap Elastic (Polygon) offers 5 fee tiers to allow LPs to choose the tier they want. The fee rates for each tier are: 0.008%, 0.01%, 0.03%, 0.04%, and 1%.

Can I trade with leverage or margin on KyberSwap Elastic (Polygon)?

The platform does not support margin trading.