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WHY DID BHO NETWORK DECIDE TO INTEGRATE KYBERSWAP INTO 3S WALLET?

  1. The reason BHO Network team chose KyberSwap
  2. Some notable information about Kyber Network

After a month of launch, 3S Wallet has had more than 60,000 experience registrations worldwide. As a new product, 3S Wallet has received a lot of comments from users, but the question that the team received the most was about the SWAP function. The vast majority of users have wondered why 3S Wallet's transaction system (SWAP) is able to work so smoothly and quickly!

The following article will provide users with the answer to that question!

The reason BHO Network team chose KyberSwap

In addition to refining the UX/UI to enhance the user experience, BHO Network has chosen Kyber Network's KyberSwap to integrate into 3S Wallet's SWAP system because of the following outstanding advantages:

  1. KyberSwap always ensures the best rate for users compared to other Aggregators.

  2. KyberSwap does not charge users for SWAP (nearly every other Aggregator charges an additional fee).

  3. The API is designed for scalability, which means that KyberSwap is always ready to scale with applications with a large number of users (e.g. Dextools).

  4. Ensure low Response Time, low error rate, high Up Time, and a team of engineers ready to support 24/7.

  5. KyberSwap currently supports 14 Chains, and will expand as soon as potential new Chains appear.

  6. Especially, Solana Chain will also be integrated into KyberSwap in the near future, which means that KyberSwap will become the first Aggregator to run on both EVM and Non-EVM systems.

Some notable information about Kyber Network

  • Founded by Mr. Loi Luu & Mr. Victor Tran.

  • The project had a successful ICO of $52 million in 2017 and has been under the mentorship of Vitalik Buterin (Founder of the Ethereum ecosystem).

  • Kyber Network is the project that laid the foundation for the SWAP concept, and is the world's first decentralized exchange (DEX).

  • In early 2020, KyberSwap is ranked the Top 1 DEX in terms of total trading volume compared to other decentralized exchanges.

  • In April 2021, Kyber completed its upgrade to Kyber 3.0, which is the biggest change to Kyber's architecture and token model since its inception. Kyber 3.0 has transformed Kyber from a single protocol into a liquidity hub of purpose-driven protocols that are catered to various DeFi use cases.

  • Kyber 3.0 has introduced KyberDMM - DeFi's first automated Dynamic Market Maker. With Kyber 3.0, KyberDAO is the unit that manages Liquidity Protocols developed by Kyber or the community. The goal of Kyber 3.0 is that KyberDAO has enough Fees and Voters strong enough to be able to develop many Protocols for KyberSwap, and it aims to be the best DEX in DeFi. Most recently, Kyber has successfully Launched the latest Protocol, KyberSwap Elastic, which currently has Yield from 8~19% APR.

  • At the end of April 2022, one year after completing the 3.0 version upgrade, Kyber Network reached the $1 billion capitalization mark.

With the advantages that KyberSwap brings, BHO Network team believes that KyberSwap will be the perfect match for 3S Wallet product, helping 3S Wallet users to get the fastest SWAP transaction on any Chain, with zero gas fee, the best rates and dedicated support team. With the support of Kyberswap, 3S Wallet will open the gateway to the unlimited world of DeFi for every user!

Published on August 12, 2022

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