The reason is something anyone who's been trading for a while knows:

• Liquidity shifts in just a few seconds.

• PropAMM quotes tight to attract orders and then widens the spread right at execution.

• Meme tokens/volatile pump-and-dump are strong.

• JIT liquidity adds and then pulls immediately.

• MEV sandwich or front-running.

The result is the optimal route when the quote becomes inefficient during on-chain settlement.

To completely address this issue with Smart Settlement. KyberSwap takes a fixed route at the quote, while Smart Settlement will have multiple candidate pools ready for each hop swap.

When transactions are executed on-chain (atomic), the smart contract automatically compares in real-time and instantly selects the pool that provides the highest token output at that moment.


You might say I'm praising Kyber, but from a user perspective, I find it very useful. Especially when swapping large volumes, you will notice the difference, saving significantly on fees.

• • Get more tokens compared to the usual static route

  • Actual slippage is significantly lower

  • Dramatically reduces the risk of PropAMM spoofing, JIT liquidity, and sandwich attacks

  • Especially effective when trading meme coins or volatile tokens

  • No extra fees, no additional steps needed, runs on all chains supported by Kyber
    

  Personal opinion:
  This is a very practical execution layer improvement. Many other aggregators still only optimize on quotes, while Kyber has leveled up to execution-aware – addressing the pain point of 'nice quotes, low returns' that traders often face.
  
  For those who frequently swap large volumes or trade memes, you should try Smart Settlement on KyberSwap. This update shows that Kyber is still innovating seriously after many years.$KNC