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

[PRESS RELEASE – Ho Chi Minh City, Vietnam, 22nd March 2023]

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’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 that launches itself, is leading the way.” -Execute governance.”

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

KyberSwap was one of the protocols whose users connected to Arbitrum and traded on the platform, making them eligible for the $ARB airdrop.

KyberSwap, a leading aggregator and liquidity platform for decentralized exchanges (DEX), will launch the first $ARB token liquidity pools, liquidity mining and trading campaigns on the Arbitrum chain. These moves mark significant developments for KyberSwap as they will help catalyze significant cash flows, increasing TVL and creating further income opportunities in the fast-growing Arbitrum ecosystem.

With the introduction of $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 Bounty:

• chip pairs
• ETH ARB (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 term ends; to be confirmed at a later date.

More flexibility through new fee levels

With these highly anticipated yield farms, KyberSwap is introducing new fee tiers of 2% and 5%, which is above the current highest offering of 1%. These new fee levels 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 with multiple DEXs and aggregators, KyberSwap is well suited to meet full-chain trading needs not found with other competitors. .

“We are excited to launch the first $ARB liquidity mining pools,” said Victor Tran, CEO and co-founder of KyberSwap. “These farms will mark the start of a massive Arbitrum-focused campaign that KyberSwap has planned, and we’ll be announcing more rewards and activities for LPs and traders soon. Additionally, traders can set their prices to buy or sell $ARB using our limit order feature and trade at optimized rates using our aggregator.”

Other Arbitrum Yield Farms on KyberSwap

Depending on the success of $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 over $1.1 billion in its ecosystem and a rapid increase in transaction volume. This layer 2 scaling solution gained tremendous traction in the anus.

*Addresses/Active Arbitrum Transactions

$ARB token liquidity pools, liquidity depletion and trading campaigns will be launched shortly on KyberSwap, further details and instructions will be provided on KyberSwap’s Twitter and kyberswap.com.

About KyberSwap

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

For liquidity providers, KyberSwap has a range of capital efficiency protocols designed to optimize rewards. The KyberSwap Classic protocol is the first DeFi market maker protocol that dynamically adjusts LP fees based on market conditions, while KyberSwap Elastic is a tick-based AMM with concentrated liquidity, adjustable fee levels, curve rollover and other advanced features , specifically designed to give LPs the flexibility and tools to take their yielding 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.

Currently deployed on 13 chains including Ethereum, Polygon, BNB, Avalanche, Fantom, Cronos, Arbitrum, BitTorrent, Velas, Aurora, Oasis, Optimism and Solana, KyberSwap aggregates liquidity from over 80 DEXs to offer users the best possible rates. for your exchange. .

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