• 14 July, 2024

DeFi Platform Stackit Finance Partners With KyberNetwork to Maximize Efficiency During DCAing

Multi-chain DCA platform Stackit Finance announced a partnership with blockchain-based liquidity hub KyberNetwork to integrate with Kyberswap API to maximize efficiency during DCAing.

“We are thrilled to announce our partnership with KyberNetwork! Users who use our DCA platform will be protected from sandwich attacks, slippage and get THE BEST routes on the whole chain.” Stackit wrote on Twitter.

KyberSwap, the flagship product of the Kyber Network, is a decentralized exchange (DEX) aggregator that offers its traders the best token prices by instantly analyzing rates across thousands of exchanges.

Additionally, similar to other DEXs, KyberSwap operates as a trustless trading platform, which means that users have complete control over their orders and funds. This eliminates the need for intermediaries and allows for a more secure and transparent trading experience. 

The Stackit team had 2 choices. Either stick to a single DEX when performing swaps while DCAing, or make the most technologically advanced product on the market, while using Liquidity Aggregators. reads the announcement.

According to the announcement, KyberSwap’s API will be integrated with Stackit, to provide users with a seamless and efficient experience when dollar-cost averaging (DCA) on the platform. This integration will result in minimal slippage and the utilization of the best on-chain routes, which will ultimately lead to maximum efficiency. 

Stackit is not just focused on providing users with an efficient DCA experience but also has other goals in mind. The platform aims to save users money, improve the underlying protocol by protecting it from sandwich bots, and create a technologically advanced product in the DeFi space.

With KyberSwap’s Dynamic Trade Routing technology, Stackit will accumulate liquidity from multiple DEXs (including KyberSwap) and determine the most suitable trade route for you with minimal slippage.

This enhancement has already been incorporated into Stackit. All users have to do is choose their favourite asset, click the invest button, configure DCA to their liking, and confirm the transaction.

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