KyberSwap Launches $1.5M in Liquidity Removal and Incentive Premium on BitTorrent Chain – Bitcoin Sponsored News

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cyber network and BitTorrent have announced the integration of KyberSwap with BitTorrent Chain (BTTC) as their 11th chain integration, with more than $1.5M in liquidity mining and trading incentives available to users instantly.

The partnership will see the adoption of DeFi with the combined benefits of the best trading and yield rates, ease of use, securityand multi-chain capabilities.

Make liquidity reduction attractive

KyberSwap is the leading multi-chain DEX and the best place to trade DeFi and earn the best rates. As of March 2022, KeyberSwap ranked #7 on the DEX in terms of TVL growth, enabling over $8 billion in trading volume. BitTorrent is an EVM cross-chain protocol that adopts the PoS (Proof-of-Stake) mechanism and leverages sidechains to scale smart contracts. Over the next 4 months, starting April 21st, KyberSwap and BTTC users will be able to participate in more than $1.5 million of liquidity reduction incentives.

Will KyberSwap become the de facto DEX with the most liquidity and most swaps on BTTC? and Cross-chain bridging with Ethereum, BNB chain and Tron network? At least the partnership hopes so.

Why Add Liquidity on KyberSwap? KeyberSwap enables Liquidity Providers (LPs) to maximize returns with the best trading rates, attractive incentives and yields.

• Extended liquidity pools have extremely high capital efficiency; Fewer tokens are required for better liquidity and pricing than AMMs.
• Dynamic Fees that respond to market conditions and optimize returns for LPs.
• Better reliability and security: Audited by ChainSecurity and insured up to $20M by Unslashed Finance.
• Completely license-free: Anyone can easily add liquidity to KyberSwap pools for any token pair, while any taker (eg Dapp, aggregator or end user) can access this liquidity.
• No centralized Oracle: No third party or centralized price feed oracle risks. Oracles refer to middle software that exchanges information between non-blockchain sources and blockchain sources (core software that connects blockchain to the outside world).

KyberSwap allows BTTC users to trade and earn on the best rates and access the full spectrum of multi-chain DeFi capabilities. With monthly trading contests, community giveaways, and an exclusive airdrop for all users who participate on the chain, KyberSwap makes it more attractive to add liquidity and maximize returns through its platform; And that’s not all! Even more integrations, features and rewards are coming soon!

KyberSwap is excited about this partnership. The team is hosting a Sure-Win trading competition to kick off with a $30,000 KNC reward pool! Winning is easy; Just follow the steps:

Step 1: Visit kyberswap.com

Step 2: Make sure you are on the BitTorrent chain and have some BTT tokens in your gas fee wallet.

Step 3: Perform any token swap. The minimum trading volume is $100.

• All trades must be executed kyberswap.com. From April 21st to April 30th, simply do a token swap on BTTC to get your share of the reward pool.

For the love of BTTC & KyberSwap

The partnership between BTTC and KyberSwap brings attractive incentive promotions for all users who love the two platforms. BitTorrent will improve liquidity on KyberSwap with $1.5 million liquidity mining campaign. Over the next four months, starting April 21 SGT, liquidity providers can add any liquidity to the 13 eligible pools on KyberSwap on BTTC; to unlock their share of $1.5 million in BTT and KNC rewards.

BTTC farms on KyberSwap will be allocated over $1.5 million in BTT and KNC rewards over a four-month period. The following farms listed below will go live on Thursday 21st April 2022 at 20:00 GMT+8, with more farms to be announced.

Saving the best for last, and to top off this fantastic partnership, their upcoming Gleam campaign also has KNC$200 to give away to five lucky winners! They have to complete a few simple tasks and five lucky winners will be chosen at random to win $200 in KNC each!

All the details will be announced later, so stay tuned so you don’t miss a thing!

How to start mining liquidity with BTTC

To start farming $BTT and $KNC all you have to do is:

Step 1: Visit kyberswap.com

Step 2: Make sure you are on the BTTC network and have some BTT tokens for gas transaction fees.

Step 3: Visit the Pools page and add liquidity to eligible pools. Eligible Rainmaker pools are identified by a raindrop icon 💧. You get Liquidity Provider (LP) tokens that represent your pool share after you add liquidity.

Step 4: Go to the farm page and click Approve on the farm you want to add liquidity to. Once approved, stake your LP tokens on the farm and you’ll earn BTT and/or KNC rewards that can be harvested at any time. There is no blocking period!

Be sure to check out the Kyber Network’s Medium post on the subject for the full details and explanation.

To learn more, visit Kyberswap.com and join the community on Twitter.

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