In a groundbreaking move, KyberSwap is set to unveil its very first liquidity pools for the $ARB token, which will also feature active campaigns for liquidity mining and trading on the Arbitrum platform.

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

Since its launch in 2021, Arbitrum has rapidly gained a reputation as an exceptional Layer 2 solution, effectively enhancing Ethereum’s capacity for faster and more cost-efficient transactions.

On March 16, Ethereum’s Layer 2 scaling initiative, Arbitrum, made headlines by announcing its plan to distribute a new governance token, $ARB, to users engaged in the Arbitrum ecosystem as part of its ongoing evolution, emphasizing its pioneering role as the first Layer 2 platform to initiate self-executing governance.

The anticipated airdrop, expected to commence on March 23, is projected to be one of the most significant in the history of cryptocurrency.

KyberSwap was one of the key participants whose users migrated to Arbitrum and executed swaps, qualifying them for the $ARB airdrop.

As a top decentralized exchange (DEX) aggregator and liquidity provider, KyberSwap is poised to launch the inaugural $ARB token liquidity pools, along with liquidity mining initiatives and trading campaigns on the Arbitrum blockchain. These developments represent crucial advancements for KyberSwap, facilitating substantial liquidity inflows, thereby boosting Total Value Locked (TVL) and presenting additional earning prospects within the swiftly expanding Arbitrum ecosystem.

With the introduction of $ARB liquidity pools, KyberSwap users will gain access to a broader array of trading pairs and liquidity choices. Furthermore, liquidity providers will have enhanced opportunities to earn transaction fees and rewards by contributing liquidity to these new $ARB pools and engaging in KyberSwap’s liquidity mining efforts.

The forthcoming ARB pools will offer liquidity mining rewards to participants.

Token Pairs  

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

A total of approximately 70,000 KNC tokens have been earmarked as incentives for participation.

*These incentive rewards may extend beyond the designated period, with confirmation to follow at a later date.

Increased Flexibility with New Fee Tiers

With the launch of these eagerly awaited yield farms, KyberSwap is introducing new fee tiers of 2% and 5%, surpassing their previous maximum rate of 1%. These newly established tiers present opportunities for $ARB liquidity farmers to capitalize on the expected high volatility and surge in trading activity during the price discovery phase post-airdrop. These pools are designed to yield superior returns in addition to farming rewards, positioning KyberSwap as uniquely capable of catering to the entire chain’s trading requirements, unlike its competitors.

Victor Tran, the CEO and Co-founder of KyberSwap, expressed enthusiasm about the rollout of the inaugural $ARB liquidity mining pools, stating, \”We are thrilled to kick off this extensive campaign centered around Arbitrum. More rewards and engaging activities for both liquidity providers and traders will be revealed shortly. Meanwhile, traders can utilize our limit order option to set their desired $ARB purchase or sale prices and swap at the most favorable rates through our aggregator.\”

Additional Arbitrum Yield Farms Available on KyberSwap

In addition to the upcoming ARB farms, there’s a variety of other ongoing yield farming initiatives based on Arbitrum. kyberswap.com :

Depending on how well the trading volume for $ARB performs, the KyberSwap team has plans to introduce supplementary rewards for traders and liquidity providers following launch, which may incorporate airdrops of $ARB and $KNC, along with exclusive NFT rewards.

According to  Nansen During 2022, Arbitrum emerged as one of the most rapidly expanding blockchain platforms, securing over $1.1 billion in locked value within its ecosystem and witnessing an impressive spike in transactional activity, significantly enhancing its visibility and appeal.

*Arbitrum Active Addresses/Transactions

The $ARB token liquidity pools, together with the liquidity mining and trading campaigns, are expected to launch soon on KyberSwap, with further information and guidance to be provided on KyberSwap’s platform. Twitter  and on  kyberswap.com .

About KyberSwap

Kyber Network is on a mission to create an ecosystem that makes DeFi not only accessible but also secure and rewarding for users. Their flagship offering, KyberSwap , is a next-gen DEX aggregator that ensures traders receive the best rates while providing lucrative returns for liquidity providers within the DeFi space.

For those supplying liquidity, KyberSwap offers a comprehensive suite of capital-efficient protocols aimed at maximizing rewards. Their KyberSwap Classic protocol is recognized as the first dynamic market maker protocol in DeFi which adjusts LP fees according to market trends. Meanwhile, KyberSwap Elastic is a sophisticated tick-based automated market maker (AMM) that utilizes concentrated liquidity, customizable fee tiers, reinvestment strategies, and other advanced features tailored to empower LPs with the flexibility and tools necessary to elevate their earning strategies, all while ensuring top-notch security.

Since its inception, KyberSwap has powered over 100 integrated projects and facilitated transactions exceeding $15 billion for countless users.

KyberSwap is currently operational on 13 different blockchain networks, including Ethereum, Polygon, BNB, Avalanche, Fantom, Cronos, Arbitrum, BitTorrent, Velas, Aurora, Oasis, Optimism, and Solana. It aggregates liquidity from more than 80 DEXs to offer users the most advantageous rates for their swaps.

Contact

Marketing Specialist
Tania Hay
KyberSwap

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