AliceFi integrates Kyber protocol for a better user experience
We’re excited to announce the integration of Kyber protocol! AliceFi users now don’t have to hold DAIs to start savings. ETH is automatically converted to DAI according to the market price and then you can start savings.
ETH to DAI conversion
AliceFi offers DAI savings to users which provides maximum of 8% annual interest rate that’s guaranteed by smart contracts. Up until now, users needed to obtain some DAI from exchanges. Of course, DAI is the most successful and decentralized stablecoin in Ethereum, but it’s not so easy to get DAI with fiat because only a few exchanges treat it.
Since AliceFi supports Kyber protocol, users don’t need to hold DAIs. With only ETH, the most easy-to-get token in the Ethereum network, users can start savings in DAIs. Kyber protocol provides the largest liquidity compared to other Ethereum liquidity protocols. So, it was a natural choice for AliceFi to use Kyber!
How to use it
- Download AliceFi app (Android, iOS).
- Go to ‘Assets’ tab and click ETH.
- Click ‘RECEIVE’ and transfer some ETH to your address.
- Click ‘Manage Deposited Amount’ and send your ETH ‘TO ALICE’.
- Select ‘Convert to x.xx DAI’ then click ‘OK’.
- After 2–3 minutes, you’ll see that you have DAIs in AliceFi.
- You can start DAI savings with whatever amount you want!
