2key Network and Kyber Network partner to enhance each others Technology!2key is proud to announce its strategic and operational partnership with Kyber Network. Kyber Network will play an important role in the functioning of 2keys Exchange Contract. Kyber is a decentralized liquidity protocol built on the Ethereum blockchain. It enables a user to make payments in any cryptocurrency even if a recipient only accepts payments in a particular Crypto; Kyber Network converts the sent funds into the Crypto that the recipient is willing to accept.
Additionally, Kyber Network includes public funding pools which operate as decentralized market makers. This allows illiquid tokens to access liquidity as Kyber allows anyone to charge a risk-adjusted rate for tokens; thus, entities with a high risk appetite use Kyber Network to offer liquidity to unpopular tokens.
The exchange contracts integration of Kyber offers an important solution in both 2key Protocol and 2key Network.
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