Creator Chain x Kyber Collaboration

Creator Chain has chosen the highly capital efficient KyberDMM DEX for its token liquidity on BSC, with $120,000 in $CTR and $KNC liquidity mining rewards.

Starting on September 22 at 21:00 GMT+8 (09:00 EDT), liquidity providers can add any amount of liquidity to the CTR-BNB pool on KyberDMM on BSC to unlock their share of the $120,000 in $CTR and $KNC liquidity mining rewards over the next two months. $CTR rewards can be used to join IDO projects on the Creator Launchpad and to open special mystery boxes in the Creator NFT Marketplace; while $KNC rewards can be added into the KNC/BNB pool for extra liquidity mining incentives, or staked on KyberDAO for additional KNC rewards.

KyberDMM DEX allows $CTR LP’s to maximize the use of capital via:

• Amplified Liquidity Pools with extremely high capital efficiency; less tokens required to achieve better liquidity and rates compared to AMMs.
• Dynamic Fees that optimize returns for LPs.
• Better Reliability & Security: Audited by ChainSecurity and insured up to $20M by Unslashed Finance.

Important Details

• Start Block: 11136955, End block: 12864955
• Reward: ~$120,000 in KNC and CTR
• Campaign Duration: ~2 months
• Vesting: ~14 days
• KNC token address (BSC): 0xfe56d5892bdffc7bf58f2e84be1b2c32d21c308b
• CTR token address (BSC): 0xD6Cce248263ea1e2b8cB765178C944Fc16Ed0727

About Creator Chain

Creator is a Blockchain as a Service (BaaS) that provides No Code Smart Contract, Low Code DApp and other services to empower the DeFi and NFT World. Creator’s Blockchain Features support game studios and developers to enter the gamified NFT and Blockchain industry. Creator has an incredibly friendly UI and multiple enhanced background services. After filling out some initial information and a few clicks, anyone (with or without IT/ Blockchain skills) can launch a Smart Contract or DApp. Creator’s chain is based on Polkadot/Substrate for true interoperability, user-driven network governance and customizations that focus on DeFi, Tokenization (NFT) and other Blockchain Services.

About Kyber Network

Kyber Network aims to deliver a sustainable liquidity infrastructure for DeFi. As a liquidity hub, Kyber connects liquidity from various protocols and sources (e.g. KyberDMM) to provide the best token rates to takers such as Dapps, aggregators, DeFi platforms, and traders.

Through Kyber, anyone can contribute or access liquidity, and developers can build innovative applications, including token swap services, decentralized payments, and financial Dapps — helping to build a world where any token is usable anywhere.

INFO

https://blog.kyber.network/creator-chain-and-kyber-collaborate-to-optimize-liquidity-for-the-ctr-token-ff043e2f86d4

Source: https://thebittimes.com/creator-chain-x-kyber-collaboration-tbt3278.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: DeFI News

Post by: TheBitTimes.com