Coin98 Wallet, a non-custodial cryptocurrency wallet for store, manage, trade and exchange token multi-chain, integrated the new liquidity of Kyber Network protocol.
With Kyber DMM liquidity protocol now accessible on Coin98 Wallet, users can easily deposit i token of their choice of earn commissions on Kyber DMM, a novel liquid assets protocol of Kyber network new Kyber 3.0 architecture as a hub of targeted liquidity protocols.
Kyber DMM claims some important advantages over typical AMMs, including an amp pool feature for higher capital efficiency; as well as a dynamic rate feature for reduce the impact of temporary loss and maximization of returns for liquidity providers.
“This collaboration opens up numerous opportunities for Coin98 Wallet users to explore more of Kyber and generates profit by providing liquidity. On a larger scale, we will work closely together to accelerate the growth of DeFi on new blockchain, leading it to more countries around world. “
– Vinh The Nguyen, co-founder and CEO of Coin98 Finance
Coin98 + Kyber DMM
Recently, Coin98 Wallet released its latest Coin wallet98 version X for both iOS and Android, with better user interface e new features. It includes several new and updated integrations, including with Polygonal network.
At the same time, Kyber DMM – only in precedence on Ethereum – ha also launched on the polygonal network a give Kyber DMM liquidity providers access to the many great advantages of this resizing solution, including abruptly reduced gas taxes.
Kyber DMM can be accessed in-app via DApp Browser of Coin98 Wallet or by connecting the Coin98 Extension Wallet directly on Kyber DMM website.
“Kyber Network is proud to collaborate with fast dynamic and innovative DeFi projects such as Coin98 Wallet to bring the best possible products to most users in a safe and sustainable way. In addition, the timely expansion of both Kyber DMM and Coin98 Wallet to Polygon are a catalyst for even wider adoption. “
– Loi Luu, co-founder and CEO of Kyber network
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