Kyber DMM (Dynamic Market Maker) is a highly capital efficient liquidity protocol that maximises the use of capital and optimises returns for liquidity providers. Due to the need to provide accurate liquidity and transaction data, the Kyber team has chosen to build the Kyber DMM analytics page info.dmm.exchange using a subgraph by The Graph!
What is The Graph?
The Graph is the indexing and query layer of the decentralized web. Developers build and publish open APIs, called subgraphs, that applications can query using GraphQL. The Graph currently supports indexing data from Ethereum, IPFS, and PoA with more networks coming soon. To date, over 16,000 subgraphs have been deployed by over 20,000 developers for applications such as Kyber DMM and many others.
Building Kyber DMM Analytics with a Subgraph
Kyber DMM’s analytics page is an important component of the liquidity protocol, providing valuable information including:
- Trade Volume
- Value Locked
- Amplified Liquidity
- Top Tokens
- Price Changes
- Liquidity Pool Details
By working with The Graph community and using their subgraph service, Kyber was able to quickly set up Kyber DMM’s analytics page and provide the required insights to liquidity providers, traders, Dapps, and aggregators that use the protocol. The analytics page currently tracks data on Ethereum and will soon also track data on Polygon (read about Kyber’s partnership with Polygon).
Liquidity Pool Information on Kyber DMM
Creating an amplified liquidity pool for a token pair (e.g. KNC-ETH) on Kyber DMM is very straightforward and can be done in a few minutes by following the instructions here.
Once an amplified pool is created, liquidity providers can immediately start providing liquidity for the tokens to earn fees. Important information about the pool can be viewed on our subgraph-powered analytics page at info.dmm.exchange.
Kyber is glad to be working with The Graph to provide accurate Kyber DMM data for traders, liquidity providers, and Dapps in DeFi!
About The Graph
The Graph is the indexing and query layer of the decentralized web. Developers build and publish open APIs, called subgraphs, that applications can query using GraphQL. The Graph currently supports indexing data from Ethereum, IPFS, and PoA with more networks coming soon. To date, over 16,000 subgraphs have been deployed by ~20,000 developers for applications, such as Uniswap, Synthetix, Aragon, Gnosis, Balancer, Livepeer, DAOstack, AAVE, Decentraland, and many others.
If you are a developer building an application or Web3 application, you can use subgraphs for indexing and querying data from blockchains. The Graph allows applications to efficiently and performantly present data in a UI and allows other developers to use your subgraph too! You can deploy a subgraph or query existing subgraphs that are in the Graph Explorer. The Graph would love to welcome you to be Indexers, Curators and/or Delegators on The Graph’s mainnet. Join The Graph community by introducing yourself in The Graph Discord for technical discussions, join The Graph’s Telegram chat, or follow The Graph on Twitter! The Graph’s developers and members of the community are always eager to chat with you, and The Graph ecosystem has a growing community of developers who support each other.
About Kyber Network
Kyber Network aims to deliver a sustainable liquidity infrastructure for DeFi. As a liquidity hub, Kyber connects liquidity from various protocols and sources to provide the best rates to takers such as Dapps, aggregators, DeFi platforms, and retail users.
Anyone can contribute liquidity to Kyber Network and Dapps can integrate different protocols depending on their liquidity needs. Using Kyber, developers can build innovative applications, including instant token swap services, ERC20 payment flows, and financial DApps — helping to build a world where any token is usable anywhere.
Kyber is powering more than 100 integrated projects and has facilitated over US$5 billion worth of transactions since its inception.
Using The Graph to Provide Data Analytics for Kyber DMM Protocol was originally published in Kyber Network on Medium, where people are continuing the conversation by highlighting and responding to this story.