Crypto Updates

KyberSwap Announces First-Ever ARB Token Liquidity Pools, Liquidity Mining and Trading Campaigns on Arbitrum

KyberSwap Announces First-Ever ARB Token Liquidity Pools, Liquidity Mining and Trading Campaigns on Arbitrum

March 22, 2023 – Ho Chi Minh City, Vietnam

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

On March 16, 2023, Ethereum layer two scaling solution Arbitrum announced plans to distribute a new governance token ARB to its eligible Arbitrum ecosystem users as part of its transition – noting that the project is “leading the way as the first [layer two] to launch self-executing governance.”

This airdrop – estimated to go live on March 23, 2023, is set to be one of the biggest airdrops in crypto history.

KyberSwap was among the protocols whose users bridged to Arbitrum and conducted swaps on the platform, thereby becoming eligible for the ARB airdrop.

KyberSwap, a leading DEX (decentralized exchange) 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 steps forward for KyberSwap, as it will assist to catalyze significant liquidity inflows, thus increasing TVL, and provide more earning opportunities in the rapidly growing Arbitrum ecosystem.

With the launch of the ARB liquidity pools, KyberSwap users will 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 the ARB pools and participating in liquidity mining programs by KyberSwap.

The following ARB pools will be eligible for liquidity mining rewards.

Token pairs
  • ARB-ETH – two percent
  • Apr ARB-ETH – five percent
  • ARB-USDT– two percent
  • ARB-USDT – two percent
  • ARB-KNC – five percent

An estimated total of 70,000 KNC has been allocated as reward incentives. Note that incentives may continue after the designation duration is over – this is to be confirmed at a later date.

Greater flexibility with new fee tiers

With these highly anticipated yield farms, KyberSwap is introducing new two-percent and five-percent fee tiers, which exceeds their current highest offering of one percent.

These new fee tiers provide opportunities for ARB farmers to benefit from the anticipated high volatility and trading volume during the price discovery phase after the airdrop.

These pools offer superior returns in addition to the farming rewards, and as a liquidity protocol that has been seamlessly integrated by multiple DEXs and aggregators,…

Click Here to Read the Full Original Article at The Daily Hodl…