Kyber Network announces 'massive' protocol update The devel | Top DeFi

Kyber Network announces "massive" protocol update

The developers of Kyber Network have announced a transition to version 3.0, which will turn the decentralized exchange (DEX) into a "hub of targeted liquidity protocols for various DeFi use cases.

During the upgrade, the developers will launch a so-called dynamic market maker (DMM). It is expected to mitigate the so-called "volatile losses" resulting from price spikes and capital allocation inefficiencies common to DEXs operating under the automatic market maker model (AMM).

"Kyber DMM will give unlimited access to anyone to provide and receive liquidity placed in pools (dapps, aggregators, users)," reads the project's blog.