Quick Overview
KyberSwap Classic was the original AMM exchange from Kyber Network, offering basic liquidity pools and token swaps. It served as the core trading interface before being replaced by the Elastic model. Today, Classic is deprecated with zero live trading volume or updates.
Features & Feel
The platform provided a minimal AMM setup - swap tokens via pools, adjust basic slippage, and interact with a clean, simple layout. It did not feature dynamic fees or concentrated liquidity. Early DeFi users found it straightforward, but it stopped evolving as newer designs emerged.
Transition to Elastic
Kyber introduced Elastic to bring variable fees and more efficient liquidity. However, in November 2023 a vulnerability was exploited, causing losses of around $47 million. Elastic was shut down that same month. Classic had already been sunset before this incident, and Kyber shifted toward updated aggregation and liquidity routing systems.
Platform Specifications
| Category | Details |
|---|---|
| Protocol | Kyber AMM |
| Model | Fixed-fee pools, classic AMM |
| Status | Deprecated - replaced by Elastic (also discontinued) |
| Live Volume | None |
Strengths and Weaknesses
Strengths
- Simple AMM setup for early DeFi traders
- Foundation for Kyber's liquidity framework
Weaknesses
- No dynamic fees or concentrated liquidity
- Deprecated with no active support
- Elastic successor failed due to security breach
Final Outlook
KyberSwap Classic played an important role as Kyber's first AMM. It was replaced by Elastic, which also ended abruptly after a major exploit. Classic now remains part of Kyber's history, remembered as a starting point in the network's liquidity journey.