KyberSwap announces $ARB token liquidity pools, liquidity drains and trading campaigns on Arbitrum for the first time

Share this article

Since launching in 2021, Arbitrum has emerged as one of the most promising Layer 2 solutions with its ability to scale Ethereum and enable faster and cheaper transactions.

On March 16, Ethereum’s Layer-2 scaling solution Arbitrum announced plans to distribute a new governance token, $ARB, to its eligible users of the Arbitrum ecosystem as part of its transition, noting that the project will be “as first L2 to launch itself is leading the way -execution governance.”

Expected to go live on March 23, this airdrop is expected to be one of the largest airdrops in crypto history.

KyberSwap was among the protocols whose users bridged to Arbitrum and performed swaps on the platform, thereby qualifying for the $ARB airdrop.

KyberSwap, a leading Decentralized Exchange (DEX) aggregator and liquidity platform, will launch the first-ever $ARB token liquidity pools, liquidity mining and trading campaigns on the Arbitrum chain. These moves mark significant advances for KyberSwap as they will help catalyze significant inflows of liquidity, increasing TVL and creating more earning opportunities in the fast-growing Arbitrum ecosystem.

With the launch of the $ARB liquidity pools, KyberSwap users now have access to more trading pairs and liquidity options. Liquidity providers will also have more opportunities to earn fees and rewards by adding liquidity to $ARB pools and participating in KyberSwap liquidity reduction programs.

The following ARB pools are eligible for Liquidity Mining Bounty:

token pairs

• ARB ETH (2%)
• April ARB-ETH (5%)
• ARB USDT (2%)
• ARB USDT (2%)
• ARB-KNC (5%)

An estimated total of 70,000 KNC were allocated as reward incentives.

*Incentives may continue after the designation period expires; to be confirmed at a later date.

Greater flexibility with new fee levels

With these highly anticipated yield farms, KyberSwap is introducing new fee tiers of 2% and 5%, beating their current highest offering of 1%. These new fee tiers offer $ARB farmers the opportunity to take advantage of the expected high volatility and trading volume during the post-airdrop pricing phase. These pools offer excellent returns on top of farming rewards, and as a liquidity protocol that has been seamlessly integrated by multiple DEXs and aggregators, KyberSwap is well-equipped to handle full-chain trading needs not found at other competitors. Victor Tran, CEO and co-founder of KyberSwap said:

“We are excited to launch the first-ever $ARB liquidity mining pools. These farms mark the start of a massive Arbitrum-centric campaign that KyberSwap has planned, and we’ll be announcing more rewards and activities for LPs and traders soon. Additionally, traders can set their prices to buy or sell $ARB using our limit order feature and trade at the optimized rates using our aggregator.”

Other Arbitrum Yield Farms on KyberSwap

Aside from the upcoming ARB farms, there are other ongoing Arbitrum-based yield farms on kyberswap.com.

Depending on the success of the $ARB trade volume, the KyberSwap team is planning additional post-launch rewards for traders and liquidity providers, including $ARB and $KNC airdrops and NFT commemorative rewards.

According to Nansen, in 2022 Arbitrum was one of the fastest growing blockchains with more than $1.1 billion in its ecosystem and a rapid increase in transaction volume. This layer-two scaling solution gained massive traction over the year.

*Arbitrum Active Addresses/Transactions

The $ARB token liquidity pools, liquidity mining and trading campaigns will be live on KyberSwap shortly, further details and instructions will be provided on KyberSwap’s Twitter and on kyberswap.com.

Share this article

The information on or through this website is obtained from independent sources which we believe to be accurate and reliable, but Decentral Media, Inc. makes no representations or warranties as to the timeliness, completeness or accuracy of any information on or through this website. Decentral Media, Inc. is not an investment advisor. We do not provide personalized investment advice or any other financial advice. Information on this website is subject to change without notice. Some or all information on this website may be or become out of date, incomplete or inaccurate. We have the right, but not the obligation, to update any information that is out of date, incomplete or inaccurate.

You should never make an investment decision about any ICO, IEO or any other investment based on the information on this website, and you should never interpret or otherwise rely on the information on this website as investment advice. We strongly encourage you to consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO or any other investment. We do not accept compensation in any form for analysis or coverage of ICO, IEO, cryptocurrency, currency, tokenized sales, securities or commodities.

See full terms and conditions.

Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers