Kyber Network Launches Katalyst Staking Upgrade July 7th The developers of Kyber Network's decentralized exchange are planning to launch the Katalyst protocol upgrade on July 7th.

Kyber Network Launches Katalyst Staking Upgrade July 7

Kyber Network Decentralized Exchange Developers Plan To Launch Katalyst Protocol Update July 7.

As CoinDesk reports, it aims to change the role own token Kyber Network Crystal (KNC) to encourage participation in the development of the project. Katalyst and associated with him KyberDAO's platform will support three types of participants: liquidity providers, decentralized applications, and regular KNC holders. Ecosystem participants will take part in platform governance through the KyberDAO decentralized organization.

In addition, Katalyst will help reduce liquidity problems and reward its suppliers. There will also be support for decentralized applications for exchange rate settings.

KNC holders will be able to take part in staking their tokens and receive rewards on the air collected from platform users when making deals. Developers do not set minimum and maximum restrictions on the number of tokens for staking, as well as the requirements for blocking them or launching nodes. KNC holders who are not interested in running the system will be able to earn rewards through delegation their tokens pool operators in KyberDAO.

KNC has proven to be one of the most successful exchange tokens in this year. Since January, its growth has exceeded 400%.

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