{"id":162362,"date":"2022-08-18T15:37:50","date_gmt":"2022-08-18T15:37:50","guid":{"rendered":"https:\/\/precoinnews.com\/?p=162362"},"modified":"2022-08-18T15:37:50","modified_gmt":"2022-08-18T15:37:50","slug":"lido-finance-partners-with-kyberswap-elastic-to-enhance-liquidity-on-polygon-with-over-120000-in-liquidity-mining-rewards-sponsored-bitcoin-news","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/lido-finance-partners-with-kyberswap-elastic-to-enhance-liquidity-on-polygon-with-over-120000-in-liquidity-mining-rewards-sponsored-bitcoin-news\/","title":{"rendered":"Lido Finance Partners With KyberSwap Elastic to Enhance Liquidity on Polygon With Over $120,000 in Liquidity Mining Rewards – Sponsored Bitcoin News"},"content":{"rendered":"

Singapore — August 17th – <\/strong>Lido Finance<\/u>, a giant in the Ethereum staking world, will be enhancing liquidity on Polygon with KyberSwap Elastic<\/u>.<\/p>\n

Lido Finance is the largest platform for liquid staking services on Ethereum. Powering DeFi and CeFi applications alike with their technology, Lido Finance empowers stakers to put their staked assets to use on their supported networks: Ethereum, Solana, Polygon and Polkadot. This first phase of this joint initiative is set to bring liquidity providers over $120,000 in liquidity mining rewards, with more incentives to come in the near future.<\/p>\n

What is KyberSwap Elastic?<\/strong><\/p>\n

KyberSwap’s newest protocol, dubbed Elastic<\/u>, is a tick-based AMM that gives Liquidity Providers (LPs) the advantages of concentrated liquidity and the flexibility to achieve capital efficiency and manage risks.<\/p>\n

With concentrated liquidity, LPs have the flexibility to supply liquidity to an Elastic pool either by “concentrating” the liquidity to a narrow price range or set to a wider price range. Concentrated liquidity would use the pool’s liquidity more efficiently, mimicking much higher levels of liquidity and achieving better slippage, volume, and earnings for LPs while a wider range would ensure liquidity for uncorrelated token pairs such as USDC-ETH would remain active even with big price swings during high market volatility.<\/p>\n

KyberSwap Elastic<\/strong> also has a Reinvestment Curve, which compounds fees by automatically reinvesting the fee earnings of LPs back into the liquidity pool so LPs earn higher APYs while saving time.<\/p>\n

LPs on KyberSwap Elastic can also choose from multiple fee tiers to select the best-suited rates for individuals taking into consideration factors such as token volatility, individual risk appetites, etc. In addition, KyberSwap Elastic comes with a Just-in-Time (JIT) Attack Protection feature, which protects LP earnings from snipe attacks that would reduce the earnings of other honest liquidity providers. So LPs can earn securely while enjoying a peace of mind.<\/p>\n

From 17th Aug 2022, liquidity providers can choose from 5 sMATIC eligible pools on KyberSwap Elastic<\/u> to deepen liquidity and earn $LDO & $KNC rewards.<\/p>\n

With KyberSwap’s Elastic protocol, LPs can enjoy benefits such as concentrated liquidity and compounding fees, providing higher capital efficiency and optimized rewards. KyberSwap Elastic also has JIT (Just In Time) protection, so LPs will have their earnings better protected and enjoy a better peace of mind.<\/p>\n

Lido Pools on KyberSwap Elastic (Polygon)<\/strong><\/p>\n

Eligible Pools (Fee Tier):<\/strong><\/p>\n