KyberSwap Announces First Ever $ARB Token Liquidity Pools, Liquidity Mining And Trading Campaigns On Arbitrum
Ho Chi Minh City, Vietnam, March 22, 2023, Chainwire.
In the year since its launch in 2021, Arbitrum has become one of the most promising Layer 2 solutions to scale Ethereum and enable fast and cheap transactions.
On March 16, Ethereum Layer 2 scaling solution Arbitrum announced plans to distribute a new governance token, $ARB, to eligible users of the Arbitrum ecosystem as part of the transition, noting that the project is "on track to the first to become L2". Start." - I understand management."
Estimated to go live on March 23rd, this airdrop will be one of the largest airdrops in cryptocurrency history.
KyberSwap is one of the protocols whose users have joined Arbitrum and traded on the platform, thus qualifying for the $ARB Airdrop.
KyberSwap, the leading Decentralized Exchange (DEX) aggregator and liquidity platform, will launch the first $ARB token pools, liquidity mining and trading campaigns on the Arbitrum chain. These moves represent significant growth for KyberSwap as they enable significant liquidity acceleration, thereby increasing TVL and providing additional revenue opportunities to the rapidly growing arbitrage ecosystem.
With the release of the $ARB liquidity pools, KyberSwap users now have access to more trading pairs and liquidity options. Liquidity providers will have additional opportunities to earn fees and rewards by adding liquidity to their $ARB pools and participating in CyberSwap's liquidity utilization programs.
The following ARB groups will be eligible for liquid use grants:
A few chips
- ETH-ARB (2%)
- April ARB-ETH (5%)
- ARB-USDT (2%)
- ARB-USDT (2%)
- ARB-KNC (5%)
A total of 70,000 KNC is awarded for the prize promotion.
* Incentives may continue after the end of the appointment period; To confirm later.
More flexibility with new payment levels
With these highly anticipated production farms, KyberSwap introduces new payout levels of 2% and 5% from the current flagship offering of 1%. These new payment levels allow $ARB farmers to take advantage of the expected higher volatility and higher trading volume during the post-airfall price discovery period. These pools offer superior returns on farm rewards, and as a liquidity protocol seamlessly integrated into multiple DEXs and aggregators, KyberSwap is ideal for meeting on-chain trading needs not available from other competitors. .
"We are excited to launch the first $ARB liquid mining pools," said Victor Tran, CEO and co-founder of KyberSwap. "These farms are the start of a broader planned KyberSwap campaign focused on arbitrage, and we will soon announce additional rewards and activities for both MPs and traders. In addition, traders can use our limit order function to bid or sell $ARB and trade with our aggregator at convenient rates." .
Other arbitrage income farms at KyberSwap
In addition to the upcoming ARB farms, there are other arbitrage-based productivity farms available on kyberswap.com.
Based on the success of the $ARB transaction volume, the KyberSwap team plans additional rewards for traders and liquidity providers, which may include $ARB and $KNC airdrops and NFT rewards.
According to Nansen, Arbitrum is one of the fastest growing blockchains in 2022, with more than $1.1 billion locked in the ecosystem and a rapid increase in transaction volume.
*Address/active brokerage transactions
$ARB token pools, liquid mining and trading campaigns will soon be launched on KyberSwap, more details and instructions are available on KyberSwap's Twitter and kyberswap.com.
About Cyberswap
Kyber Network is building the world to make DeFi accessible, safe and useful for users. Its flagship product, KyberSwap, is a state-of-the-art DEX aggregator that offers optimized payments to merchants and returns to DeFi liquidity providers.
KyberSwap has several capital adequacy protocols designed to improve rewards for liquidity providers. KyberSwap Classic protocol is the first DeFi market maker protocol that dynamically adjusts LP payments based on market conditions, while KyberSwap Elastic is a token-based AMM with mixed liquidity, adjustable payment levels, rolling leverage and other advanced features designed to enable LPs to make. . Flexibility and tools to take your profit strategy to the next level without compromising security.
KyberSwap operates more than 100 integrated projects and has facilitated more than $15 billion worth of transactions for thousands of users since its inception.
Currently active on 13 chains, including Ethereum, Polygon, BNB, Avalanche, Fantom, Cronos, Arbitrum, BitTorrent, Velas, Aurora, Oasis, Optimism and Solana, KyberSwap uses more than 80 DEXs, combining liquidity, to provide users with the best exchange rates possible. . Your exchanges. .
Contact
Marketing Specialist
Tania Hello
Cyber exchange
tania@kyber.net
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