Kyber Network
About
Kyber Network is a multi-chain decentralized trading and liquidity hub whose flagship product, KyberSwap, aggregates 420+ liquidity sources across 17+ chains to provide traders with superior swap rates, gasless limit orders, and cross-chain swaps in a single interface. Through Kyber Earn (powered by Zap technology) and KyberDAO, users can also provide liquidity to earn trading fees and incentive rewards, or stake KNC tokens to participate in governance and earn a portion of platform fees.
Where Does Yield Come From?
Kyber Network lets users earn yield in several ways. Here is how the money flows, step by step.
1. Providing Liquidity through Kyber Earn (Zap)
You supply tokens — either one kind or several — to existing exchange pools (like Uniswap or PancakeSwap). KyberSwap's Zap technology automatically builds the right position for you. In return, you earn a share of the trading fees from that pool. KyberSwap's software charges a small fee on each Zap operation, taken from the tokens you put in. The fee depends on what kind of pair you are funding:
- Stable pairs (e.g., two stablecoins): 0.01%
- Correlated pairs (prices move together): 0.025%
- Common pairs: 0.1%
- Exotic pairs: 0.25%
Partner services that use KyberSwap's tools can also add their own optional fee on top.
2. Farming Pools
Some liquidity pools are flagged as Farming Pools. On top of the normal swap fees, these pools give out extra rewards (in protocol or partner tokens) to encourage people to keep their liquidity there.
3. Staking KNC via KyberDAO
If you hold KNC tokens, you can stake them on Ethereum and vote on governance decisions. Stakers earn rewards in KNC. Where do those rewards come from? A portion of the trading fees collected across KyberSwap's products (basic swaps, limit orders, cross-chain swaps) flows to stakers. More trading on KyberSwap means more rewards for stakers.
4. Limit Order Fees
When someone fills a limit order on KyberSwap, they pay a taker fee that varies based on how volatile the token is:
- Super stable: 0.01%
- Stable: 0.02%
- Normal: 0.1%
- Exotic: 0.3%
- High volatility: 0.5%
- Super high volatility: 1%
- KNC pairs: flat 0.1%
These fees support protocol development.
5. Cross-Chain Swap Fees
When you swap tokens across different blockchains, KyberSwap applies a platform fee of 0.05% to 0.25%. The exact rate depends on which chains are involved (e.g., Ethereum ↔ another EVM chain, Solana ↔ EVM, Bitcoin ↔ EVM) and the token's volatility.
6. FairFlow Hook (Uniswap V4)
This is an extra feature on Uniswap V4 pools. It captures some of the value that automated trading bots (MEV bots) would otherwise extract from arbitrage, and redirects a portion of that value to liquidity providers — boosting their yield beyond the standard swap fees.
One important note
The KyberSwap Aggregator itself does not charge a fee on basic swaps. When you do a normal swap, you only pay whatever fee the underlying liquidity pool charges.
Persons
Audits
| Audit / Date | Findings | Verdict |
|---|---|---|
Hacken19-05-2021 |
| The ERC20 token audit returned zero findings, indicating the Kyber Network token contracts were deemed well-secured by Hacken with no vulnerabilities to remediate. This clean bill of health supports the safety of the token contract, though it does not cover other protocol components such as the governance or DMM modules. |
Omniscia06-05-202524-06-2025 |
| The audit identified one medium-severity signature-reuse vulnerability and two minor-severity issues, all of which were satisfactorily alleviated or acknowledged by the Kyber Network team, with the post-audit conclusion confirming no outstanding remediative actions remain. |
Spearbit01-10-2025 - 03-10-2025 |
| The audit found no critical or high-severity vulnerabilities, and the two medium-severity issues (cross-chain replay and front-running via router replay) were acknowledged rather than fixed, leaving residual risk that Kyber accepts through operational mitigations such as short expiry times and aggregator-level protections. |
Hexens22-12-2025 - 16-01-2026 |
| The audit found one critical-path High-severity vulnerability (cross-intent signature replay) which the team fixed, and several lower-severity issues that were acknowledged; overall the protocol's security posture improved after the engagement. |
SmartDec02-12-2019 |
| The SmartDec audit found no critical or high severity vulnerabilities, with the sole medium-severity integer overflow issue already fixed in the latest code, indicating the audited contracts were secure for their intended use. |
| The audit concludes that user ETH and ERC20 tokens are not at risk of being hacked or stolen when interacting with Kyber Network contracts, provided user input is correct, and the contracts are deemed robust with no critical vulnerabilities. The only major finding (malicious FeeBurner) was satisfactorily mitigated through Kyber's technical design. | |
| The audit found no critical vulnerabilities in Kyber Network's smart contracts and concluded user funds are not at risk of theft, with the only major issue (malicious admin FeeBurner scenario) being publicly mitigated; the seven minor findings were partially addressed and do not meaningfully affect protocol safety. | |
ChainSecurity29-06-2019 |
| ChainSecurity found no critical or high-severity vulnerabilities; the two medium issues were acknowledged by Kyber Network and the two low issues pose minimal practical risk, leaving the protocol sound for deployment with residual design-level considerations around rate selection and rounding. |
ChainSecurity10-12-2018 - 08-01-2019 |
| KyberNetwork addressed all critical and medium security issues found by ChainSecurity in the KyberV3 permissionless-reserve upgrade, with the auditors confirming the fixes resolve the identified vulnerabilities. The residual low-severity items (e.g., reliance on MakerDAO price feed) are acknowledged design trade-offs that do not block the release. |
Backers
Kyber Network was originally launched in 2017 via an initial coin offering (ICO) for its KNC token, which was deployed on Ethereum. The KNC token documentation notes that "since September 2019, all vested KNC tokens for founders and advisors have been unlocked and distributed." In 2021, KNC was upgraded with additional functionality. Beyond the token sale, no specific venture capital investors, formal fundraising rounds with amounts, or institutional backers are detailed on the official KyberSwap or Kyber Network documentation pages, the KyberSwap blog, or the KNC token page. The KyberSwap blog does mention a $50,000 grant from the Uniswap Foundation (announced November 2025) to accelerate FairFlow Uniswap v4 hook development, as well as additional FairFlow incentives of over $100,000 from the Uniswap Foundation — however, these are grants, not equity/venture investments.
Legal
Legal form
DMM Technology Inc. (British Virgin Islands company) and KyberDAO Foundation (Cayman Islands foundation company)
Registration jurisdiction
British Virgin Islands (DMM Technology Inc.) and Cayman Islands (KyberDAO Foundation)
Status and notes
The operating entity is DMM Technology Inc., formed under the laws of the British Virgin Islands, as disclosed in the KyberSwap Terms of Use (last updated April 17, 2025). KyberDAO Foundation, a Cayman Islands foundation company, is also referenced in the terms. The Terms of Use and Privacy Policy (last updated November 20, 2023) are publicly available as PDFs linked from the kyberswap.com footer and wallet-connect screen. The Complaints Handling Process further confirms BVI as the jurisdiction, with escalation to the BVI Financial Services Commission. Disputes are governed by BVI law and resolved by arbitration in the British Virgin Islands under BVI IAC Rules. No separate imprint/imprint page was found beyond the terms documents.