Kyber Network

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Kyber Network

🗳Vote on KIP-11: Fee Liquidation and Reward Distribution Framework KIP-11 proposes a new fee liquidation framework and reward distribution algorithm. In this framework, collected fees (in the form of many types of tokens) are to be converted to KNC before being distributed to voters as rewards. As more protocols are added to Kyber’s liquidity hub, more fees will be collected for KyberDAO and voters will receive more KNC rewards. Voters can easily stake the KNC again for more voting power and rewards, without the hassle of making another swap. Currently, fees are being accumulated (over $600K) and will be distributed to voters after KIP-11 has been approved by KyberDAO. Vote on KIP-11 now: kyber.org/proposal/3