KyberSwap Aggregator protocol
Overview
KyberSwap is the multi-chain DEX aggregator and liquidity protocol built by Kyber Network, routing swaps across many decentralised exchanges and operating its own liquidity products, of which KyberSwap Elastic was the concentrated-liquidity AMM. It is best known outside DeFi circles for a severe exploit: on 22-23 November 2023 an attacker drained the Elastic pools across multiple chains, with loss estimates ranging from about $46 million to $48.8 million depending on the source. The attack exploited a flaw in how the concentrated-liquidity contracts handled rounding at the boundaries of liquidity positions — a reentrancy-style sequence of carefully constructed trades that tricked the contracts into releasing more funds than intended. Kyber alerted users on 23 November and advised withdrawing funds. Recovery was partial: the team recovered $4.67 million, and on 26 November said it had contacted operators of front-running bots that had themselves extracted about $5.7 million from Elastic pools on Polygon and Avalanche. Kyber subsequently halved its workforce and worked on victim reimbursement plans. KyberSwap operated as a multi-chain aggregator with its own Classic and Elastic AMMs until the November 2023 Elastic exploit, which cost roughly $46-48.8 million and cut TVL by around 68%. Kyber recovered $4.67 million, engaged front-running bot operators who had drained a further $5.7 million on Polygon and Avalanche, cut its workforce by half and set out reimbursement plans.
Within the DeFi Intel graph, KyberSwap Aggregator connects to 12 tracked entities, most strongly to Ethereum, Arbitrum, Polygon.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 12 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 90% |
deployed_on | Arbitrum | 90% |
deployed_on | Polygon | 90% |
deployed_on | Avalanche | 90% |
deployed_on | BSC | 90% |
deployed_on | zkSync Era | 90% |
deployed_on | Linea | 90% |
deployed_on | Scroll | 90% |
deployed_on | OP Mainnet | 90% |
deployed_on | Cronos | 90% |
Frequently asked questions
What is KyberSwap Aggregator?
KyberSwap Aggregator is a dex-aggregator tracked in the DeFi Intel knowledge graph. It is connected to 12 other tracked entities, most strongly to Ethereum, Arbitrum, Polygon.
What type of entity is KyberSwap Aggregator?
KyberSwap Aggregator is classified as a dex-aggregator (protocol) in the DeFi Intel knowledge graph.
What is KyberSwap Aggregator connected to?
In the DeFi Intel knowledge graph, KyberSwap Aggregator is linked to 12 other tracked entities, most strongly to Ethereum, Arbitrum, Polygon.
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