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  1. Reference
  2. Legacy

KyberSwap Classic

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Last updated 1 year ago

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KyberSwap Classic Discontinuation

On 26 March 2024, the Classic protocol was discontinued. More details can be found here

Overview

KyberSwap Classic was conceived based on the observation that the standard AMM model was inadequate when it came to optimizing capital efficiency and price spreads. A one-size-fits-all pricing curve meant that capital was deployed across all prices regardless of the price correlation between unique token pairs. Moreover, AMM price spreads were market neutral as the same fees were charged regardless of market volatility. Collectively, this lowered LP incentives as the majority of their funds were left unutilized while they were unable to charge a premium for market making during more volatile periods where the risks of impermanent loss is greatly magnified.

In order to maximize yields and encourage deeper market liquidity, KyberSwap Classic amplifies capital utilisation as well as self-adjusts trading fees to take advantage of the existing market conditions. Consequently, KyberSwap Classic is able to achieve much better risk-adjusted returns for providers while simultaneously reducing slippage for traders.

Next Steps

Liquidity Providers
Traders
Developers
Learn how yields are amplified
Discover how dynamic fees offset impermanent loss
Create your own Classic pool
Contribute liquidity to an existing Classic pool
Receive additional rewards by yield farming on Classic
Learn how to take advantage of lower fees
Get superior rates via the integrated KyberSwap Aggregator
Explore key Classic concepts
Execute a swap against Classic pools
Provide liquidity to Classic pools
Implement a flash swap on Classic
View Classic contract code and addresses