“We are excited to launch the first-ever ARB liquidity mining pools. Victor Tran, CEO and oo-founder of KyberSwap, said: As a liquidity protocol that multiple DEXs and aggregators have seamlessly integrated, KyberSwap is well poised to serve the trading needs of the entire chain not found with other competitors. These pools offer superior returns in addition to farming rewards. 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. With these highly anticipated yield farms, KyberSwap is introducing new 2% and 5% fee tiers, which exceed the current highest offering of 1%. *Incentives may continue after the designation duration is over to be confirmed at a later date. The following ARB pools will be eligible for liquidity mining rewards:Īn estimated total of 70,000 Kyber Network Crystal v2 (KNC) has been allocated as reward incentives. 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. With the launch of the ARB liquidity pools, KyberSwap users will now have access to more trading pairs and liquidity options. These moves mark significant steps forward for KyberSwap, as it will assist in catalyzing significant liquidity inflows thus increasing total value locked (TVL) and providing more earning opportunities in the rapidly growing Arbitrum ecosystem. KyberSwap - a leading decentralized exchange (DEX) aggregator and liquidity platform - will launch the first-ever ARB token liquidity pools, liquidity mining and trading campaigns on the Arbitrum blockchain. KyberSwap was among the protocols whose users bridged to Arbitrum and conducted swaps on the platform, thereby becoming eligible for the ARB token airdrop. This airdrop, estimated to go live on March 23, is set to be one of the biggest airdrops in crypto history. On March 16, 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 2 to launch self-executing governance.” Ho Chi Minh City, Vietnam, Ma– Since launching in 2021, Arbitrum has emerged as one of the most promising Ethereum layer-2 scaling solutions, enabling faster and cheaper transactions.
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