Buy Bitcoin here
  • Crypto
    • Bitcoin News
    • Ethereum
    • Altcoin
    • Blockchain
    • Blockchain Companies
    • Cryptocurrency Exchanges
    • DeFi
    • Regulation
    • Cointelegraph news
    • Press Release
    • ICO News
      • ICOs Review
      • Upcoming ICOs
      • Scam
  • Education
    • CryptoTicker Starter Kit
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
    • Events Review
  • Prices
  • Exchange Comparison
  • Newsletter subscribe

  • News

    • Bitcoin News
    • Altcoin
    • Regulation
    • Blockchain Companies
    • Blockchain
    • Cryptocurrency Exchanges
  • News

    • Ethereum
    • Events Review
    • ICO News
    • Press Release
  • Education

    • CryptoTicker Starter Kit
    • Education
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
  • Cryptoticker

    • About us
    • Advertise
    • Media Kit
    • Submit your Press Release
    • Contact
    • Membership Login
  • Social Media

    Facebook Twitter Telegram Youtube
    • Newsletter
  • Crypto
    • Bitcoin News
    • Ethereum
    • Altcoin
    • Blockchain
    • Blockchain Companies
    • Cryptocurrency Exchanges
    • DeFi
    • Regulation
    • Cointelegraph news
    • Press Release
    • ICO News
      • ICOs Review
      • Upcoming ICOs
      • Scam
  • Education
    • CryptoTicker Starter Kit
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
    • Events Review
  • Prices
  • Exchange Comparison
Starter Kit Membership Search
English
English Deutsch
Menu
Search


Altcoin Blockchain Companies

Kyber Protocol Enhanced With Chainlink Ahead Of Katalyst Launch

Posted On June 13, 2020 Taha Zafar 0

  • share 
  • share 
  • share 
  • tweet 
  • share 
  • share 

The Kyber Protocol team announced on June 12 that its automatic liquidity provision service KyberSwap has been enhanced with Chainlink decentralized data oracles to retrieve asset prices. The integration with Chainlink will make the on-chain data, tamper free and manipulation resistant, providing a safe and reliable feed for crypto-assets prices, which is verifiable in real time. The Kyber Protocol will use Chainlink data, alongside its own feed. This is a significant development before the arrival of Kyber Katalyst upgrade, which is likely be launched, by the end of this month. It also signals that close collaboration between Decentralized Protocols (DeFi) protocols is rising, in light of the recent popularity and considerable price rise of DeFi protocol tokens.

.@KyberNetwork‘s DEX @KyberSwap is now using Chainlink Price Reference Data to update asset prices in their UI. This provides KyberSwap users with more reliable price feeds for calculating slippage rates and further safeguards against price manipulation. https://t.co/x2ybTiZsVs— Chainlink – Official Channel (@chainlink) June 12, 2020

Chainlink Integration With Kyber Protocol – What Has Changed?

The KyberSwap users were in the past, asked to verify asset prices from multiple sources, since the service exclusively relied on Kyber Protocol feeds, which whilst being largely accurate, was still prone to errors and faulty data. This is set to change with the arrival of Chainlink feeds, which will enhance accuracy and competitiveness, while determining slippage rates. It also enhances the security of the Kyber Protocol network, by safeguarding against malicious activities. Now, during token swapping, reference prices for an asset are shown from both default Kyber Protocol and Chainlink feeds.

“KyberSwap is glad to work with a reputable project like Chainlink and its decentralized oracle network to provide reliable price feeds for our non-custodial token swap platform and improve the overall trader experience.” — Sunny Jain, Head of Product, KyberSwap

“We’re excited to integrate Chainlink Price Reference Data with KyberSwap to bring more security and reliability to the price feeds their traders rely on for calculating slippage.” — Johann Eid, Product Manager on Chainlink

About Kyber Katalyst

The Kyber Katalyst is the next major upgrade for Kyber Protocol, which will likely go live by the end of this quarter(Q2 2020). It has already been deployed on the testnet. It will enable decentralized governance through KyberDAO – short for Decentralized Autonomous Organization and allow KNC holders to earn rewards by staking and participating in the protocol governance.

  • share 
  • share 
  • share 
  • tweet 
  • share 
  • share 

It is super easy to buy Ripple. Just take a look at our exchange comparison!

 

Trading Bitcoin is too complicated?

We highly recommend our Crypto-Starter-Kit to you! 

Or are you looking for the current Bitcoin Price in USD? Look no further!
Bitcoin Price, Ethereum Price, Ripple Price  

 

 

Follow us on Social Media and subscribe to our free crypto newsletter!

@Telegram
@Instagram
@Twitter 
@TikTok
@Facebook

Diskutiere mit uns!

About Trading @CT Trader
About Crypto in general @CT Inside

This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)

Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.

Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future. 

#ChainLink#decentralized data oracle#Kyber Katalyst



You might also like

Chainlink Crypto TradingView

Chainlink Price Prediction: LINK is ready for a new all-time high above $20
January 14, 2021
Altcoin Crypto

Breaking – After Bitcoin Crash, Cryptocurrencies Price Analysis, Bitcoin, Ethereum, IOTA, EOS, Ripple, Cardano, Chainlink
January 11, 2021
Blockchain Chainlink Crypto DeFi

5 Reasons Why Chainlink Isn’t Likely To Be Classified As Security
January 1, 2021

More from Altcoin

What are the best Monero (XMR) wallets?
Posted On January 22, 2021 Robert Weiss 0

Monero is one of the most popular anonymous cryptocurrencies because of its high level of security, privacy, and strong technology. …

Top 5 Performing Cryptocurrencies of the Week -(Week 25)
Posted On January 17, 2021 Prasanna 0

At the time of writing this, the Bitcoin price is sitting at $34663.26. Here are the top 5 performing cryptocurrencies …

Top 5 Performing Cryptocurrencies of the Week -(Week 24)
Posted On January 10, 2021 Prasanna 0

Here are the top 5 performing cryptocurrencies of the week (week-24). Let’s take a look at it in more detail.

In order to support and motivate the CryptoTicker team, especially in times of Corona, to continue to deliver good content, we would like to ask you to donate a small amount. Independent journalism can only survive if we stick together as a society. Thank you


  • Top Broker

    Bybit
    bybit
    Review · Visit
    Plus500
    Plus500
    Review · Visit

    Top Exchanges

    Kraken
    Kraken
    Review
    Coinbase
    Coinbase
    Review · Visit
  • Newsletter subscription




  • News

    • Bitcoin News
    • Altcoin
    • Regulation
    • Blockchain Companies
    • Blockchain
    • Cryptocurrency Exchanges
  • News

    • Ethereum
    • Events Review
    • ICO News
    • Press Release
  • Education

    • CryptoTicker Starter Kit
    • Education
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
  • Cryptoticker

    • About us
    • Advertise
    • Media Kit
    • Submit your Press Release
    • Contact
    • Membership Login
  • Social Media












    Newsletter


  • Imprint
  • Privacy Policy
  • Non-liability Disclaimer
©2021 CryptoTicker

Share

Share stories you like to your friends