Kyber Network Sets Date for Launch of Katalyst Protocol Upgrade
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On-chain liquidity protocol Kyber announced on June 29 that a major upgrade of Katalyst protocol will go live on July 7, 2020.
The upgrade includes changes to the Kyber Network Crystal (KNC) token model to attract more participants to the development of the protocol.
According to the announcement, Katalyst aims to reduce friction in liquidity contributions, introduce rebates for high-performing reserves, and allow decentralized apps to integrate with the Kyber network by adding a custom spread.
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