• KyberSwap works differently from Uniswap and Bancor, as it is not an automated market maker. A variety of reserve managers compete in order to provide the best price at the lowest slippage for each asset. KyberSwap also incorporates liquidity sources outside of reserve managers such as ETH2DAI. There are controls in place on the contract to limit the amount of slippage from liquidations. If a liquidation will incur more than 10% slippage, the transaction will revert. This forces liquidations to be broken up into pieces. Breaking up trades allows KyberSwap"s liquidity to be utilized efficiently, drastically reducing the risk that slippage poses to lenders.
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