{"id":79353,"date":"2023-05-25T20:21:17","date_gmt":"2023-05-25T17:21:17","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=79353"},"modified":"2025-09-11T10:34:23","modified_gmt":"2025-09-11T07:34:23","slug":"kyber-network-to-restart-yield-farming-in-elastic-pools","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/kyber-network-to-restart-yield-farming-in-elastic-pools\/","title":{"rendered":"Kyber Network to restart yield farming in Elastic pools"},"content":{"rendered":"<p>The DeFi project Kyber Network will resume <a href=\"https:\/\/forklog.com\/en\/news\/what-is-yield-farming\">yield farming<\/a> via the Elastic product, which implements the concepts of <a href=\"https:\/\/forklog.com\/en\/news\/concentrated-liquidity-and-optimism-can-uniswap-sustain-leadership-among-dexs\">concentrated liquidity<\/a> and <span data-descr=\"automatic reinvestment of accrued income\" class=\"old_tooltip\">auto-compounding<\/span>.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/7<br \/>The time has come.<br \/>Marking the return of Elastic, KyberSwap has resumed liquidity mining with concentrated liquidity &#038; full fee auto-compounding ?<\/p>\n<p>Yield farms starting on <a href=\"https:\/\/twitter.com\/arbitrum?ref_src=twsrc%5Etfw\">@arbitrum<\/a> in ~3hrs with 100% boosted rewards for a limited time! Don\u2019t let this opportunity slip away. <a href=\"https:\/\/t.co\/eHvxGH3Brd\">pic.twitter.com\/eHvxGH3Brd<\/a><\/p>\n<p>\u2014 Kyber Network (@KyberNetwork) <a href=\"https:\/\/twitter.com\/KyberNetwork\/status\/1661675871072288770?ref_src=twsrc%5Etfw\">May 25, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the developers, the first pools to launch will be based on <a href=\"https:\/\/forklog.com\/en\/news\/what-is-arbitrum\">Arbitrum<\/a>, where rewards will be boosted by 100%.<\/p>\n<p>Representatives of Kyber Network emphasized that the greatest benefits will go to early liquidity providers.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">2\/7 Early liquidity providers stand to get the biggest share of rewards so get ready to add liquidity and start farming! \u27a1\ufe0f <a href=\"https:\/\/t.co\/hokZsabKoM\">https:\/\/t.co\/hokZsabKoM<\/a> <a href=\"https:\/\/t.co\/zQ7civNB5e\">pic.twitter.com\/zQ7civNB5e<\/a><\/p>\n<p>\u2014 Kyber Network (@KyberNetwork) <a href=\"https:\/\/twitter.com\/KyberNetwork\/status\/1661675874071236608?ref_src=twsrc%5Etfw\">May 25, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>They also assured that the smart contracts have been updated, audited and imply &#8220;enhanced security measures&#8221;.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">4\/7<br \/>Boosted rewards from the 17.8M <a href=\"https:\/\/twitter.com\/search?q=%24KNC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$KNC<\/a> 2023 ecosystem growth fund allocated by <a href=\"https:\/\/twitter.com\/KyberDAO?ref_src=twsrc%5Etfw\">@KyberDAO<\/a>, along with ~1.16m <a href=\"https:\/\/twitter.com\/search?q=%24ARB&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ARB<\/a> from <a href=\"https:\/\/twitter.com\/arbitrum?ref_src=twsrc%5Etfw\">@arbitrum<\/a> has been dedicated to our yield farms.<\/p>\n<p>This phase has total of 274,000 <a href=\"https:\/\/twitter.com\/search?q=%24KNC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$KNC<\/a>+152,000 <a href=\"https:\/\/twitter.com\/search?q=%24ARB&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ARB<\/a> rewards so farm to earn your share!<a href=\"https:\/\/t.co\/Ooqbq8nd9v\">https:\/\/t.co\/Ooqbq8nd9v<\/a><\/p>\n<p>\u2014 Kyber Network (@KyberNetwork) <a href=\"https:\/\/twitter.com\/KyberNetwork\/status\/1661675877644763136?ref_src=twsrc%5Etfw\">May 25, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>For this phase of yield farming, 274,000 KNC and 152,000 ARB have been allocated to user rewards.<\/p>\n<p>In April, the Kyber Network team <a href=\"https:\/\/forklog.com\/en\/news\/kyber-network-team-urges-withdrawal-of-funds-amid-vulnerability\">recommended<\/a> that liquidity providers withdraw funds from the Elastic product after a potential vulnerability was detected.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The DeFi project Kyber Network will resume yield farming via the Elastic product.<\/p>\n","protected":false},"author":1,"featured_media":79354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,1416,1377],"class_list":["post-79353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-kyber-network","tag-profitable-farming"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=79353"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79353\/revisions"}],"predecessor-version":[{"id":79355,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79353\/revisions\/79355"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/79354"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=79353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=79353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=79353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}