KyberSwap x NEAR Protocol

A Seamless Future for Cross-Chain Swaps 🩶💚

KyberSwap, a popular decentralized exchange and automated market maker, has announced a new partnership with NEAR Protocol, a decentralized blockchain for app development. This partnership includes the integration of NEAR Intents, a cutting-edge transfer framework designed by NEAR Protocol, to provide unmatched asset swaps. KyberSwap made this announcement on its official X account.

KyberSwap Incorporates NEAR Intents to Deliver Seamless Swaps Across Chains

KyberSwap is boosting its blockchain interoperability by integrating NEAR Intents. This collaboration expands KyberSwap’s aggregation capabilities beyond the Ethereum Virtual Machine platform, aiming to provide users with a seamless trading experience. Users can expect optimized transaction execution and deeper liquidity thanks to this integration.

With NEAR Intents, KyberSwap users can easily exchange assets across different blockchains without the need for complicated bridging mechanisms. Supported assets include $NEAR, $DOGE, $USDTT, $USDC, $ETH, and $BTC, minimizing the risks and friction associated with traditional cross-chain transfers. This integration connects liquidity pools across various ecosystems, including NEAR, Dogecoin, Bitcoin, and Ethereum.

The NEAR Intents integration also enhances transaction finality and liquidity depth, significantly improving the trading experience. Users can perform asset swaps effectively while enjoying advanced capital efficiency and lower costs. Additionally, KyberSwap users can trade assets from non-EVM blockchains without losing custody of their assets, ensuring scalable and secure cross-chain trading in line with DeFi principles.

Boosting Security, Efficiency, and Ease in Cross-Chain Transfers

KyberSwap states that integrating NEAR Intents enhances the user experience with seamless, efficient, and accessible transactions across chains. This development eliminates the need for traditional bridging methods. As a result, both NEAR Protocol and KyberSwap are focused on providing the best tools for developers in DeFi. Moreover, NEAR Intents allows users to trade across various chains while maintaining efficiency, security, and convenience. KyberSwap is also contributing to the NEAR platform by developing a dedicated solver for NEAR Intents, ensuring maximum reusability and efficiency.