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Liquidus and Kyber Network Join to Improve Trade Efficiency

source-logo  blockchainreporter.net 08 April 2024 07:44, UTC

Liquidus Finance, a well-known DeFi platform has recently started a new partnership with a decentralized exchange Kyber Network. The collaboration reportedly pays significant attention to the integration between the two entities to improve the trading efficiency to facilitate consumers. Liquidus took to its official X account and announced the respective development.

🚀 Exciting News! #Liquidus partners with @KyberNetwork !
🌐 Liquidus Router now integrated into Kyberswap's aggregator, enhancing trade efficiency.
🔄 Swap on Liquidus for the best rates, powered by Kyberswap. https://t.co/53TRfOk9kl

— Liquidus (@LiquidusFinance) April 7, 2024

The Latest Partnership Between Liquidus and Kyber Enhances Trade Efficiency

In addition to this, in its latest blog post, the company disclosed the details of the respective endeavor. As per the firm, the Liquidus consumers will now have straight access to liquidity pools dealing with the protocol of Kyberswap. Such a development will reportedly boost the LIQ token of the platform. However, the increased efficiency will pave the way for additional charges.

The company assured the users that it would utilize the extra fees to execute buybacks as well as token burns. Nonetheless, this is just a part of the development. Liquidus intends to leverage the architecture of Kyberswap, utilizing its router to carry out swaps on mobile apps and the web. The firm added that the clients will get the finest rates while swapping coins with the use of Liquidus.

In this respect, the company shared screenshots of the rates that the other prominent platforms offer. The respective companies take into account 1inch, Pancakeswap, and so on. A noteworthy thing is that the consumers will reportedly see significant ease in token swapping. Nevertheless, the firm asserted, that it is not implementing the respective developments directly.

Liquidus Uses the Kyberswap API for Transactions

On the other hand, it accesses the API of Kyberswap to conduct the transactions. Apart from that, the company revealed its commitment to offering the most effective and efficient swapping experience to the users. The current collaboration plays a crucial role in marching closer to the respective target. According to the platform, the next updates on it will enable it to achieve that goal.

The successful integration between Kyber and Liquidus is a landmark in increasing the adoption. An important factor in this partnership includes the integration of Liquidus Router into the aggregator of Kyberswap. Liquidus has been maintaining its position as an innovative DeFi and Web3 firm. It uses AI-driven market analysis to get the most beneficial farming opportunities.