KyberSwap announces the first $ARB token liquidity pools, liquidity mining and trading campaigns on Arbitrum

Ho Chi Minh City, Vietnam, March 22, 2023, Chainwire

Since its launch 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 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 “the first L2 , which launches itself, is groundbreaking”. -Execution of governance.”

This airdrop, which is expected to go live on March 23, is set to be one of the largest airdrops in cryptocurrency history.

KyberSwap was among the protocols whose users bridged to Arbitrum and swapped on the platform, making them eligible for the $ARB airdrop.

KyberSwap, a leading decentralized exchange aggregator (DEX) and liquidity platform, will launch the first $ARB token liquidity pools, liquidity mining and trading campaigns on the Arbitrum chain. These moves represent 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’s liquidity reduction programs.

The following ARB pools are eligible for Liquidity Mining Rewards:

token pairs

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

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

*The incentives can also continue after the end of the appointment period; will 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 superior returns on top of farming rewards, and as a liquidity protocol that has been seamlessly integrated by multiple DEXs and aggregators, KyberSwap is well positioned to meet full-chain trading needs not found at other competitors.

“We are excited to launch the first ever $ARB liquidity mining pools,” said Victor Tran, CEO and co-founder of KyberSwap. “These farms will mark the start of a massive Arbitrum-centric campaign that KyberSwap has planned, and we will be announcing more rewards and activities for both LPs and traders soon.” In addition, traders can use our Limit Order feature to set their prices set to buy or sell $ARB and trade with our aggregator at the optimized rates.”

Other Arbitrum Yield Farms on KyberSwap

Besides 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, Arbitrum was one of the fastest growing blockchains in 2022. With more than $1.1 billion in its ecosystem and a rapid increase in transaction volume, this Layer 2 scaling solution gained tremendous traction over the year.

*Active addresses/transactions from Arbitrum

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

About KyberSwap

Kyber Network is building a world to make DeFi accessible, safe and rewarding for users. Their flagship product, KyberSwap, is a next-gen DEX aggregator that offers optimized rates for traders and returns for liquidity providers in DeFi.

For liquidity providers, KyberSwap offers a range of capital-efficient protocols to optimize rewards. KyberSwap Classic protocol is DeFi’s first market-maker protocol that dynamically adjusts LP fees based on market conditions, while KyberSwap Elastic is a tick-based AMM with concentrated liquidity, customizable fee tiers, reinvestment curve, and other advanced features purpose-built to give LPs the flexibility and tools to take your earning strategy to the next level without compromising security.

KyberSwap supports over 100 built-in projects and has facilitated over $15 billion worth of transactions for thousands of users since its inception.

KyberSwap is currently deployed on 13 chains including Ethereum, Polygon, BNB, Avalanche, Fantom, Cronos, Arbitrum, BitTorrent, Velas, Aurora, Oasis, Optimism and Solana. It pools the liquidity of 80+ DEXs to provide users with the best possible interest rates on their swaps.

Contact

marketing specialist
Tania Hay
CyberSwap
[email protected]

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