Protocol Delegation Self-Nominations

Elected Representatives 💼 Elections
11

  • Protocol name:

  • Name of protocol representative(s) that will serve as delegate(s):

  • Link to delegate commitment: (if your protocol doesn’t currently have one, you will need to create one):

  • Is your protocol OP Native?:

    • No. We are Ethereum native and looking to scale Ethereum through Optimism.

  • Was your protocol active in Optimism governance prior to 12/5/22?: If so, please link to voting history (ie. Snapshot profile, delegate communication thread, twitter threads, etc.):

  • Why do you want to participate in this program?:

    • Optimism is a key component of KyberSwap’s plans for 2023 and beyond. Our team believes that we can create the most impact if we are closely aligned with and part of the Optimism collective and community.
    • We also believe Optimism is going to be at the heart of many unprecedented DeFi innovations that would bring a positive impact to the space and we want to help support this development as a delegate.
    • Personally, as part of the team leading KyberSwap’s initiatives related to our own DAO governance and tokenomics, I am interested in being part of how the Optimism collective coordinates public goods for the benefit of all ecosystem participants.

  • Why do you believe your protocol would be a good steward of the Optimism ecosystem?:

    1. KyberSwap will bring more users, developers, and Dapps to Optimism

    • KyberSwap is an OG DEX protocol and aggregator with a good reputation since 2017. As one of the earliest DeFi protocols ever created, we also have many Dapp integrations and a wide partner network in Southeast Asia (SEA). As such, we have the ability to steer a myriad of users and developers towards Optimism. For example, we are already working with popular projects such as QiDAO and Lido Finance to boost liquidity and user adoption on Optimism.
    • KyberSwap is planning to invest substantial manpower, KNC resources, and media budget on Optimism activities as we strongly believe in its vision and potential.

    2. Deeper liquidity for Optimism: Swap with the best slippage and rates

    • As a DEX aggregator, KyberSwap users always enjoy the best rates, and this indirectly brings volume and fees to other DEXes we integrate on Optimism e.g. Velodrome, Curve, BeethovenX, Synapse, Zipswap, Uniswap, and Synthetix.
    • Developers can integrate KyberSwap’s aggregator API to enable the best rates for their own Dapp users on Optimism. E.g. KyberSwap was integrated by DEXTools and DeFiLlama.
    • Moreover, KyberSwap concentrated liquidity pools enable high capital efficiency for LPs; similar to the Uni v3 tick-based AMM but with additional advantages of compounded fees for LPs in a full price range pool and anti-sniping/JIT that protects earnings.
    • KyberSwap liquidity pools are often within the top 3 highest volume contributors on Optimism without OP grants so far and with much less TVL compared to other DEXes on Optimism.

    3. Investments in the Optimism Ecosystem and Community, especially in SEA

    • KyberSwap has a strong community and partner network in the SEA region. Pre-Covid, Kyber ran the largest monthly Ethereum meet-up events in Vietnam and is an active member of the Ethereum community in Singapore. We are long-time members of DeFi Alliance DAO and Asia DeFi Network. We have the experience to invest in and grow the Optimism community at the local grassroots level, especially in SEA.
    • KyberSwap’s past involvement in Ethereum and DeFi hackathons and bounties have resulted in the launch of popular DeFi projects such as InstaDapp, 1inch, and ZapperFi.
    • Kyber Ventures actively invests in DeFi/GameFi Dapps and builders and this would apply to Optimism-based projects too. This would help to grow Optimism’s Dapp ecosystem, which would in turn result in a rise in users, volume, and liquidity.

    4. Aligned with the Optimistic vision

    • KyberSwap’s vision to provide a liquidity hub for the decentralized economy complements Optimism’s vision to create the future of coordinated, collaborative cyberspace.
    • KyberSwap’s DEX aggregator and API is a public good for any trader and Dapp to swap and access any token for their decentralized, on-chain liquidity needs. At the same time, KyberSwap enables any liquidity provider to create liquidity pools on Optimism and directly earn from their positive contribution to the ecosystem.
    • Our team has deep experience with coordinating large scale DeFi projects as evident from KyberSwap’s initiation and launch of Wrapped Bitcoin (WBTC) and WBTC DAO with the support of a wide network of DeFi partners. As the first ERC-20 token backed 1:1 with Bitcoin, WBTC brought Bitcoin liquidity to DeFi and is the most popular wrapped version of Bitcoin in the world today.
    • In 2021, for the benefit of builders in the DeFi space, KyberSwap has also published public research on rollup solutions.
    • We intend to use our expertise and partner relationships to bring a similarly positive impact to the Optimism ecosystem.

  • Do you agree to abide by the delegate code of conduct: (Yes / No)

    • Yes

  • Please list any anticipated conflicts of interest:

    • None apart from our affiliation with KyberSwap.
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