KyberSwap Elastic Legacy was the automated market maker (AMM) implementation by the Kyber Network protocol which was used until an upgrade in May 2023.
Please refer to KyberSwap Elastic for the current version of the system.
About KyberSwap Elastic Legacy –
“Kyber Network is an on-chain liquidity protocol that aggregates liquidity from diverse sources for the best prices, enabling decentralized token swaps to be integrated into any application. Using this protocol, developers can build innovative payment flows and applications, including instant token swap services, decentralized payments, and financial DApps — helping to build a world where any token is usable anywhere.
Kyber is the most used and integrated protocol in decentralized finance (DeFi), with over US$1 billion worth of transactions facilitated since its inception. Kyber supports over 80 different tokens, and powers over 100 integrated projects including popular wallets Trust, Enjin, Argent, Eidoo, and the HTC Exodus smartphone, as well as DeFi platforms Nuo, DeFiSaver, InstaDApp, Set Protocol, Melon, and many others.”
(Source: Kyber Network media kit, April 2021)
With their thorough and high quality audits, ChainSecurity has been one of Kyber Network’s primary auditors for years now. We look forward to continuing our partnership with them for many more years to come as we keep growing the frontiers of blockchain.