Due to limited liquidity on the kyber reserve pools for mybit, transactions are limited to 5eth. This poses an issue if someone wishes to deposit collateral worth more than 5 eth.
The solution to this is liquidity.
Kyber has the most developer friendly solution but requires extensive approval and KYC for pools. I am approved by them to operate pools so I could aggregate funds and deploy on other's behalves through the mybti platform, but its centralised risk.
We could migrate to uniswap which is much more community friendly where anyone can create pools, the problem is that this permissionless system may not last forever due to KYC regulations, and it would require an integration overhaul from kyber to uniswap which would cost a few thousand dollars.
Due to limited liquidity on the kyber reserve pools for mybit, transactions are limited to 5eth. This poses an issue if someone wishes to deposit collateral worth more than 5 eth.
The solution to this is liquidity.
Kyber has the most developer friendly solution but requires extensive approval and KYC for pools. I am approved by them to operate pools so I could aggregate funds and deploy on other's behalves through the mybti platform, but its centralised risk.
We could migrate to uniswap which is much more community friendly where anyone can create pools, the problem is that this permissionless system may not last forever due to KYC regulations, and it would require an integration overhaul from kyber to uniswap which would cost a few thousand dollars.