KyberDAO

KyberDAO updates. Stake $KNC, participate in @KyberNetwork governance, get rewarded. Join our community:

[KyberDAO @KyberDAO]

🗣️ Calling all affected $mKNC holders

Since KIP-28 has been approved by the DAO, the team has set up a Limit Order for $mKNC → $KNC conversion on Arbitrum & Optimism and $mKNC → $axlKNC on Avalanche & Fantom. Users can now swap it on https://t.co/7ymD3uswlI.

[KyberDAO @KyberDAO]

$KNC staked in KyberDAO is now tracked on @nansen_ai 👏

[Nansen 🧭 @nansen_ai]

But wait, there's more — we’ve added KyberSwap.

Now, the @KyberNetwork community can track and analyze the $KNC Staking Pool, all from our portfolio.

[Mike Le | Kyber @manh3006]

New ATH for @KyberSwap DEX Aggregator again, with almost 35% up from the previous ATH.

[KyberDAO @KyberDAO]

Reminder that $mKNC affected users can convert 1:1 their assets to $KNC or $axlKNC.

The Limit Order ends 18th of March, users have less than one month left for conversion.

Only 23% has been converted so far, any $mKNC held after 18th of March will no longer be convertible.

[KyberDAO @KyberDAO]

🗣️ Calling all affected $mKNC holders

Since KIP-28 has been approved by the DAO, the team has set up a Limit Order for $mKNC → $KNC conversion on Arbitrum & Optimism and $mKNC → $axlKNC on Avalanche & Fantom. Users can now swap it on https://t.co/7ymD3uswlI.

[Kyber Network @KyberNetwork]

The KyberSwap Treasury Grant Program for Affected Users of the past Elastic Exploit is now open for registration, for Affected Users with unrecovered Affected Assets who fulfill the eligibility requirements of the Program.

Check eligibility and select your Treasury Grant option by Jan 31, 2024, 14:00 UTC.

Details: https://t.co/cVpLTciTXu

[KyberDAO @KyberDAO]

2⃣ Bridge $axlKNC using https://t.co/xyRZuWQHSR from any chain to Polygon and swap to $KNC, depending on market rates. Be mindful that rates are not necessarily always 1:1 on Polygon, so check the rates before swapping.

The Limit Order will be opened for 2 months, up to 18/03/24

[KyberDAO @KyberDAO]

🗣️ Calling all affected $mKNC holders

Since KIP-28 has been approved by the DAO, the team has set up a Limit Order for $mKNC → $KNC conversion on Arbitrum & Optimism and $mKNC → $axlKNC on Avalanche & Fantom. Users can now swap it on https://t.co/7ymD3uswlI.

[KyberDAO @KyberDAO]

Since $axlKNC is not liquid on Avalanche & Fantom, holders have 2 options to swap it to native $KNC:

1⃣ Bridge $axlKNC using https://t.co/xyRZuWQHSR from any chain to Ethereum to receive 1:1 native $KNC.

[KyberDAO @KyberDAO]

More details about this proposal here:
https://t.co/RBqw7uBT43

[KyberDAO @KyberDAO]

🗳️KIP-30 Voting Time🗳️

Allocating remaining KNC in the Ecosystem Fund to the KyberSwap team for growth initiatives

KyberSwap team proposes that @KyberDAO allocates 100% of the remaining 11,829,402 KNC in the Ecosystem Fund to the team

$KNC voters, vote! https://t.co/lA4Vy4FwtS

[KyberDAO @KyberDAO]

KIP-29 Update 🗳️

Old Classic LP fees have been successfully recovered and distributed to eligible addresses following KIP-29 vote.

A total of 33,286 $KNC have been sent to the Reward Distributor contract.

$KNC voters can now claim their rewards 💰

https://t.co/ekv5umXv7K

[Kyber Network @KyberNetwork]

Update: Our team just released a UI update at https://t.co/6DAC3ApaGz, which reflects the categories (1,2,3,4,5) affected assets belong to. If you are an affected user, you can access it now to verify the categories your affected assets belong to.

[KyberDAO @KyberDAO]

Reminder to $KNC stakers:
~1 day left to vote on KIP-29👇
https://t.co/lA4Vy4FwtS

[KyberDAO @KyberDAO]

Vote on KIP-29: Add DAO multisig to the smart contract strategy for converting & receiving LP fees

Proposed changes to
➡️Optimize KyberDAO fee collection
➡️Enable fees in the old Treasury Pool to be accessed by eligible voters

All $KNC stakers, vote now! https://t.co/lA4Vy4FwtS

[KyberDAO @KyberDAO]

Reminder to $KNC stakers:
~4 days left to vote on KIP-29!👇https://t.co/lA4Vy4FwtS

[KyberDAO @KyberDAO]

Reminder to $KNC stakers:
~4 days left to vote on KIP-29!👇https://t.co/lA4Vy4FwtS

[KyberDAO @KyberDAO]

Vote on KIP-29: Add DAO multisig to the smart contract strategy for converting & receiving LP fees

Proposed changes to
➡️Optimize KyberDAO fee collection
➡️Enable fees in the old Treasury Pool to be accessed by eligible voters

All $KNC stakers, vote now! https://t.co/lA4Vy4FwtS

[KyberDAO @KyberDAO]

Vote on KIP-29: Add DAO multisig to the smart contract strategy for converting & receiving LP fees

Proposed changes to
➡️Optimize KyberDAO fee collection
➡️Enable fees in the old Treasury Pool to be accessed by eligible voters

All $KNC stakers, vote now! https://t.co/lA4Vy4FwtS

[KyberDAO @KyberDAO]

Vote on KIP-29: Add DAO multisig to the smart contract strategy for converting & receiving LP fees

Proposed changes to
➡️Optimize KyberDAO fee collection
➡️Enable fees in the old Treasury Pool to be accessed by eligible voters

All $KNC stakers, vote now! https://t.co/lA4Vy4FwtS

[KyberDAO @KyberDAO]

📣[Discuss] KIP-29: Add DAO multisig to the smart contract strategy for converting & receiving LP fees

Share your thoughts: https://t.co/Io95fmqEb8

[KyberDAO @KyberDAO]

📣[Discuss] KIP-29: Add DAO multisig to the smart contract strategy for converting & receiving LP fees

Share your thoughts: https://t.co/Io95fmqEb8

[Kyber Network @KyberNetwork]

In relation to the KyberSwap Elastic incident that transpired from 22 November 2023, 10:54:09 PM UTC, resulting in the exploitative swaps by the exploiter that drained approximately $48.8 million of users’ funds from KyberSwap Elastic liquidity pools, we reiterate our unwavering commitment and efforts to support law enforcement and cybersecurity on track-down of the exploiter and recovery of users’ funds taken from them.

We want to assure our users that we are standing by you during this challenging period and that we understand that until funds are recovered that users would continue to have concerns especially those in hardship due to the loss caused by the exploit. As such and notwithstanding that KyberSwap Elastic is a decentralized and permissionless protocol under which users accept risk of use of KyberSwap Elastic and being liquidity providers, as stated in the Terms of Use, we are planning grants from the KyberSwap Treasury to users to ease the hardship from the loss caused by the exploit.

Our present plan is for the KyberSwap Treasury to extend a grant to each user (who lost funds in the exploit and which have not been recovered) of an amount up to the USD value of such funds at the time when such funds were drained from their respective liquidity pools. We are working out the details of the above proposed treasury grant and will announce more details within the next two weeks.

[Kyber Network @KyberNetwork]

KNC pools on KyberSwap Classic on Arbitrum, Optimism, Polygon and Scroll

Following recent events, we are aware of a lack of on-chain KNC liquidity. Thus, we have taken steps to add KNC liquidity to KyberSwap Classic.

First, please note that the KNC token contract itself is unaffected by the KyberSwap Elastic exploit, and KNC and KyberDAO are functioning as per normal.

We have seeded KNC liquidity pools on KyberSwap Classic on Arbitrum, Optimism, and Polygon to provide reliable and efficient KNC trade routes and to ensure continued sources of on-chain liquidity. A community member has also seeded a KNC pool on Scroll. KyberSwap’s DEX aggregator is operating as per normal and users can continue to use it to trade KNC and other tokens at https://t.co/Nv6hO4WERy

Likewise, KyberSwap Classic is not impacted by the KyberSwap Elastic exploit.

Arbitrum: https://t.co/MHCODC1kYt

Optimism: https://t.co/x9SGqAr9kl

Polygon: https://t.co/4ES8nTWlXU
https://t.co/8Ohseyxprx

Scroll: https://t.co/ig9wh0XV2d

We will also be seeding axlKNC-KNC pools to enable quick, efficient & low-cost bridging of axlKNC via KyberSwap Cross-Chain Swap: https://t.co/jCD4JgpLvm

If you want to trade KNC on a centralised exchange, KNC on Ethereum is supported by most major CEXs. KNC on Polygon is currently only supported on Binance. Please verify with your CEX before transferring your KNC to ensure your deposit will be supported.

We sincerely thank you for your continued support and understanding.