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Kyber Network is a liquidity hub aggregating liquidity from various sources to enable secure, on-chain token swaps for decentralized applications. It is built on Ethereum, utilizing a developer-friendly architecture that allows for the integration of multiple liquidity protocols.
The network's KNC token is used for governance via the KyberDAO, allowing holders to vote on proposals and earn staking rewards. Its key product, the Kyber DMM, is a dynamic market maker protocol designed to maximize capital efficiency and minimize slippage for traders and liquidity providers.
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