KyberSwap Elastic
Customized Liquidity Positions With Auto-Compounding Yields
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Customized Liquidity Positions With Auto-Compounding Yields
Last updated
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KyberSwap Elastic Security Incident
On 22 Nov 2023, the Elastic protocol experienced a security incident. More details can be found via our official channels.
KyberSwap Elastic was discontinued on 23 Nov 2023
As the AMM space matured, increasingly sophisticated yield generation strategies created a strong demand for customized liquidity positions whereby liquidity providers were able to specify a price range for their liquidity positions. To meet this demand, we launched KyberSwap Elastic which iterated upon the capital amplification capabilities of its Classic counterpart by incorporating emerging concentrated liquidity concepts popularized by Uniswap V3. Through fusing the benefits of each, KyberSwap Elastic enables liquidity providers to determine their preferred liquidity price ranges while still maximizing returns through greater capital efficiency as well as the auto-compounding of yields.
Through these improved LP incentives, KyberSwap Elastic is also able to further reduce slippage for traders as market forces will incentivize liquidity to be concentrated within the most actively traded price ranges. LPs are able to compound their finely tuned risk-adjusted returns while simultaneously encouraging greater market stability through reduced slippage risks for traders.
Elastic Zap
LPs can now zap into Elastic pools! This means adding liquidity with just a single token without the complexities of sourcing the exact token ratios.
Please visit the Elastic Zap explainer on how KyberSwap is making the LP experience more convenient while minimizing position management costs and risks.
Supported on:
Arbitrum (ChainID: 42161)
Polygon PoS (ChainID: 137)
Optimism (ChainID: 10)
Avalanche (ChainID: 43114)
Base (ChainID: 8453)
Scroll (ChainID: 534352)
Elastic Legacy
On 17 April 2023, KyberSwap validated a vulnerability reported by a whitehat hacker which could result in double-counting of liquidity deposits under a specific condition. Elastic pools and farms were paused with all user funds being safely withdrawn from the identified contracts. If you still have funds in Elastic Legacy, please refer to Remove Elastic Legacy Liquidity for a guide on how to retrieve your funds.
As of 25 May 2023, all the relevant Elastic protocol and farm contracts have been updated to fix this. Please refer to Elastic Legacy for more details.