Connecting Siloed Liquidity Across DEXs and Chains
KyberSwap Aggregator enables traders to swap at superior rates by seamlessly connecting users and applications to fractured liquidity across various decentralized exchanges and multiple chains. Through splitting and optimizing trade routes via both AMM and Order Book DEXs, KyberSwap Aggregator is able to objectively discover capital efficient liquidity sources thereby ensuring favourable swap rates while encouraging greater market stability.
For developers, KyberSwap Aggregator provides you a set of APIs which enables you to discover the best DEXs to route your swap via a single API call. Developers integrating KyberSwap also have the option of customising fees, as well as which token they would like to accept the fees in.
To ensure superior rates, KyberSwap Aggregator has integrated KyberSwap Limit Orders as an additional liquidity source. This means that swaps via the Aggregator will also be routed through active limit orders which effectively increases the pool of potential liquidity sources for an Aggregator swap. By combining solutions, KyberSwap ensures optimal rates for our users by sourcing capital efficient liquidity sources for a swap.
Swap routed via KyberSwap Limit Order
In addition to the liquidity sources above, KyberSwap Aggregator has also been integrated with Professional Market Makers (PMMs) enabling Aggregator swaps on Ethereum Mainnet to access real time quotes from our network of PMMS. PMM quotes are gathered off-chain and only settled on-chain if the PMM quotes offer more favourable rates. KyberSwap's PMM network adds greater market depth to what is already an extensive list of liquidity sources ensuring superior rates for KyberSwap traders and integrators.
PMMs actively quote two sides of the markets and generate a profit based on the difference in the bid-ask spread. As a result of this market making role, PMMs are able to more efficiently deploy liquidity and consequently aid in the price discovery of an asset without the added volatility. By connecting multiple on-chain (DEXs, Aggregators) and off-chain (KyberSwap Limit Order, PMMs) liquidity sources, KyberSwap not only guarantees more equitable access to capital but also actively contributes towards a more efficient market.