KyberSwap is one of the leading decentralized finance (DeFi) platforms and has officially announced its integration with Sky Ecosystem in expanding its offerings to new token pairs. As part of the partnership, KyberSwap will be supporting the native contracts of $SKY and $USDS, the two key tokens of Sky Ecosystem.
KyberSwap just announced support for SKY and USDS trading at launch! https://t.co/YXDEVqVbqE
— Sky (@SkyEcosystem) September 16, 2024
With the impending launch of the Sky ecosystem, this collaboration will allow people to swab $DAI for $USDS and $MKR for $SKY. Thus introducing new liquidity and trading opportunities within the DeFi space.
Sky ecosystem is going live on the 18th of September when these tokens of $DAI and $MKR will be available for trading. KyberSwap backing Sky will make an era of financial freedom and flexibility.
More about KyberSwap and Sky Ecosystem Collaboration
Under the Kyber network, KyberSwap was launched as a decentralized exchange (DEX) platform in 2017. Extending the missions of the Kyber Network, the DEX gives the best prices for decentralized finance trading. Adding new features of the liquidity pool, cross-chain trading capabilities, and yield farming KyberSwap has made its way to top-tier platforms.
Leveraging on the KyberSwap liquidity pool, people will trade the stablecoin of $DAI and governance token of $MKR once the sky ecosystem goes live. Through the support of Kyberspace, the Sky Ecosystem will tap into a larger decentralized finance (DeFi) network. This will allow users to easily move between digital assets and access other financial products in the KyberSwap, contributing to greater economic freedom.
In the past, KyberSwap expanded its network to integrate other blockchains. The initial home for it was Ethereum then Binance smart chain, Polygon, Avalanche, and many different blockchains.
Thanks to this collaboration, KyberSwap, with instant, seamless, and secure transactions, gives Sky’s vision a financial revolution.