# Automated market makers are dead

# Automated market makers are dead

“# Automated market makers are dead ” Billions of dollars have flowed into decentralized exchange protocols based on the automated market maker (AMM) model, which bootstraps network effects by incentivizing liquidity with project tokens, thereby creating a self-contained ecosystem of traders and yield earners. This mechanism has allowed decentralized exchanges (DEXs) to compete for the…

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# Kyber expands to Polygon, announces M ‘Rainmaker’ liquidity mining program

# Kyber expands to Polygon, announces $30M ‘Rainmaker’ liquidity mining program

“# Kyber expands to Polygon, announces $30M ‘Rainmaker’ liquidity mining program ” Decentralized finance (DeFi) liquidity hub Kyber Network (KNC) is set to become the next DeFi protocol to enter the expanding Polygon (MATIC) ecosystem. In a statement issued on Wednesday, Kyber announced the launch of Rainmaker — a liquidity mining program on the platform’s…

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# Composable Finance raises M for cross-chain and cross-layer DeFi interoperability

# Composable Finance raises $7M for cross-chain and cross-layer DeFi interoperability

“# Composable Finance raises $7M for cross-chain and cross-layer DeFi interoperability ” Composable Finance, a DeFi interoperability protocol has announced a $7 million raise backed by 16 notable blockchain investment firms. According to a release issued on Tuesday, the funding round was led by Advanced Blockchain AG and Rarestone Capital. Other participants included Alameda Research,…

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# 0x launches DEX liquidity API on Polygon

# 0x launches DEX liquidity API on Polygon

“# 0x launches DEX liquidity API on Polygon ” 0x has released a Polygon version API for its decentralized exchange (DEX) liquidity aggregator, opening up the 0x API tool to the expanding Polygon market. The DEX liquidity bridge service announced the move via a release issued on Monday, marking another milestone for the burgeoning decentralized…

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