On Tuesday, Kyber Network tweeted that its on-chain liquidity protocol, specifically its Federal Price Reserves (FPR), is uniquely designed to enable market makers and advanced developers to generate profits directly on-chain. In a Medium post, Kyber explained that FPRs make market making feasible and profitable for a wide range of tokens.

The network further noted that market makers using FPRs contribute approximately 70-80% of the liquidity for blockchain trades on Kyber. The benefits of these FPRs include high capital and gas efficiency, immediate exposure to a broad range of DeFi takers, precise control over pricing strategies and risk exposure, and multiple safety mechanisms.

In a follow-up tweet, Kyber claimed to be the most widely used and integrated protocol for decentralized finance market makers. An infographic in the tweet showed that many DeFi applications, traders, and end-users utilize its FPRs. Prominent names integrating Kyber Network’s FPRs include Coinbase, Opera, ChainFuel, Coinplan, Torque, InstaDapp, and others.

Additionally, Kyber announced in the Twitter thread that it had joined the Chicago DeFi Alliance, aiming to better understand the needs of professional market makers and collaborate with similar projects to advance the DeFi space. Other members of the Chicago DeFi Alliance include CMT Digital, Compound, Cumberland, DV Trading, dYdx, IDEX, Jump Capital, Opyn, Set Protocol, Synthetix, TDAmeritrade, and Volt Capital.