Decentralized exchange Kyber has launched its first Dynamic Market Maker (DMM).

The new platform, announced on April 5, has been designed to optimize fees and provide extreme capital efficiency for liquidity providers.

One of the main differences between Kyber’s new platform and the conventional Automated Market Makers, or AMM, is the fee generation system.

While platforms like Uniswap charge a flat transaction fee of 0.3%, the new DEX charges flexibly, increases during times of high demand and high volatility, and decreases when the market is quiet. This encourages traders to take advantage of cheaper trading opportunities to improve capital efficiency for the LP and platform.

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