The moment we have been waiting for is here: We are excited to announce that we have successfully launched our Katalyst Protocol Upgrade and KyberDAO on mainnet! Epoch 0 has commenced!
The world of Decentralized Finance (DeFi) is on the precipice of change and Katalyst is an important technical upgrade meant to meet the liquidity needs of the fast-evolving space. In addition, the KyberDAO will empower the Kyber and DeFi community with an actual stake in Kyber’s future, and allow them to contribute directly to our development. We have revamped the Kyber Network website to better communicate the various protocol changes and our new Kyber Network Crystal (KNC) token model.
We believe that in the future we will look back at this moment as the beginning of another golden period of innovation and growth for Kyber Network.Kyber Awakens!
To recap, Kyber Network is a fully on-chain liquidity protocol that aggregates liquidity from diverse sources and enables decentralized token swaps in any application. KNC holders can stake their tokens on the KyberDAO and govern the protocol by voting on important proposals and parameters, while earning rewards (in ETH) for their efforts. Any KNC holder can contribute to Kyber’s development by participating in the KyberDAO.
Please make sure you bookmark/favourite this url https://kyber.org/ !Start staking KNC on the KyberDAO!
We are now in the genesis Epoch (Epoch 0)! You can start staking KNC anytime this week in Epoch 0. Epoch 0 ends on 14th July 7.07am GMT. You can start voting on the first KyberDAO proposal in Epoch 1 next week. First batch of rewards (in ETH) will be received at Epoch 2.
If you stake KNC in Epoch “n”, you will only be eligible to vote in Epoch “n+1” (next Epoch onwards). In other words, you can only vote on proposals if you had already staked KNC in the previous Epoch. You also won’t be able to get any rewards if you do not vote. Epoch 0 is a special Epoch and will only...