• KyberSwap is launching the first-ever $ARB token liquidity pools, liquidity mining and trading campaigns on Arbitrum Chain.
• KYberSwap will assist to catalyse significant liquidity inflows and provide more earning opportunities in the rapidly growing Arbitrum ecosystem.
• KyberSwap has also introduced new 2% and 5% fee tiers which exceeds their current highest offering of 1%.
KyberSwap Announces First Ever $ARB Token Liquidity Pools
KyberSwap, a leading decentralized exchange (DEX) aggregator and liquidity platform, announced plans to launch the first-ever $ARB token liquidity pools, liquidity mining, and trading campaigns on the Arbitrum Chain. This move marks a significant step forward for KyberSwap as it will help catalyze significant liquidity inflows, thus increasing Total Value Locked (TVL) and providing more earning opportunities in the rapidly growing Arbitrum ecosystem.
Liquidity Mining Programs by KyberSwap
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 various liquiditiy mining programs by KyberSwap. The following ARB pools are eligible for these rewards:
Token Pairs Rewards
ARB-ETH (2%) 2%
ARB-ETH (5%) 5%
ARB-USDT (2%) 2%
ARB-USDT (5%) 5%
ARB-KNC (5%) 5%
An estimated total of 70,000 KNC has been allocated as reward incentives with these highly anticipated yield farms.*Incentives may continue after the designation duration is over; this is yet to be confirmed at a later date.
New Fee Tiers
With these new fee tiers introduced by Kyberswap, farmers can benefit from high volatility and trading volume during price discovery phase after Airdrop. These pools offer superior returns in addition to farming rewards as they exceed their current highest offering of 1%.
Eligible Users for Airdrop
On March 16th Ethereum Layer 2 scaling solution Arbitrum announced plans to distribute a new governance token, $ARB, to its eligible Arbitrum ecosystem users as part of its transition process that is estimated to go live on 23rd March . Protocols whose users bridged on Arbiturm such as KYBERswp are eligible for this Airdrop which is set out be one of biggest airdrops in crypto history.
Conclusion
Kyberswaps launch of its first ever $ARB token has unlocked many benefits for its users such as greater flexibility with new fee tiers , higher earning opportunities through incentivized yield farm programs , increased accessiblity due to increase tradable pairs along with eligibility for Airdrop program making it one most promising layer 2 solutions available today