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

Ho Chi Minh City, Vietnam, March 22, 2023, chain wire

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 the 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 aggregator and liquidity platform for decentralized exchanges (DEX), 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 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-equipped to handle full-chain trading needs not found at other competitors.

Read the full article: KyberSwap Announces First Time $ARB Token Liquidity Pools, Liquidity Drains and Trading Campaigns on Arbitrum

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