Earlier this January, Kyber announced their 3.0 version which introduced the Dynamic Market Maker concept.
This allows for LP pools that are optimized for specific price ranges by adjusting the Amplitude of the pool bonding curve!
With greater capital efficiency comes better liquidity, so we have been working to include the new Kyber DMM in the PTF liquidity program.
With the integration complete, we can now announce that the Kyber DMM is the secret pool for PTF staking round 8!
Kyber DMM Benefits
Dynamic Fees: Protocol fees are adjusted dynamically based on market conditions to maximize returns and reduce the impact of impermanent loss for liquidity providers, with fees automatically accruing in the pool.
Amplified Pools: Liquidity providers can customize the price curve in advance to create amplified pools that greatly improve capital efficiency and reduce trade slippage.
Fully Permission-less: Anyone can add liquidity (including PTF!) to Kyber DMM pools, while any dapp, aggregator, or end user can access this liquidity (note that PTF staking rewards only go to the specified pools). Kyber DMM is integrated with 1inch.exchange for aggregated best price.
How to stake PTF/ETH in the Kyber DMM
First you must provide liquidity to the specified Kyber DMM pool. Providing liquidity on Kyber is very simple:
- Visit the Kyber DMM Pool: https://dmm.exchange/#/add/ETH/0xC57d533c50bC22247d49a368880fb49a1caA39F7/0xC6DfacF411e6a29B01bb7629B5baC6Eb53ea37d6
- Type in the amount of ETH / PTF you wish to supply for liquidity
- Click "Supply" and sign the resulting web3 transaction
Now you have a Kyber DMM LP token!
4. Next, navigate to https://fuel.power.trade/ and stake in the Kyber pool.
5. You are set! Don't forget to claim your rewards before they expire!
Duration: 27 days
Rewards Open: May 6, 2021, ~3pm UTC
Rewards Close: June 2, 2021, ~3pm UTC
Rewards available: 50,000 PTF
Kyber DMM Details
Trading band: ETH/PTF
Max: 0.000639205 ETH (~$2.25)
Min: 0.000126263 ETH (~$0.44)
Staking Contract: https://etherscan.io/address/0xDFcAEc96B686e8960916594dbcdc6A447d8F4862
Stake here: https://fuel.power.trade/stake
EDIT: The initial Kyber DMM pool had an AMP factor of 10 which proved to be too tight to incentivize with PTF. A new pool with AMP factor of 3 was created for PTF incentives and pool links replaced.
If you have added liquidity to the 10 AMP pool, you can still unstake via the Fuel interface and access your LP pool here:
Staking Contract: https://etherscan.io/address/0x41eeA693a389ddc5FEbEf0f5b646702C45Aca996