• KyberSwap will launch the first-ever $ARB token liquidity pools, liquidity mining, and trading campaigns on the Arbitrum Chain.
• Liquidity providers will have more opportunities to earn fees and rewards by adding liquidity to the $ARB pools and participating in liquidity mining programs by KyberSwap.
• KyberSwap is introducing new 2% and 5% fee tiers, which provides greater flexibility for users looking to maximize their profits.
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 significant steps forward for KyberSwap as it aims to catalyze significant liquidity inflows into the rapidly growing Arbitrum ecosystem with these highly anticipated yield farms.
Eligible For The Airdrop
Since launching in 2021, Arbitrum has emerged as one of the most promising Layer 2 solutions due to its ability to scale Ethereum and enable faster and cheaper transactions. On March 16th , Ethereum Layer 2 scaling solution Arbitrum announced plans to distribute a new governance token, $ARB, as part of its transition noting that they are “leading the way as the first L2 to launch self-executing governance”. This airdrop is set to be one of the biggest in crypto history with an estimated launch date of 23rd March. KyberSwap was among those protocols whose users bridged onto Arbitrum thereby becoming eligible for this airdrop.
Liquidity Mining Programs By KyberSwap
With this move, users of KyberSwap will now have access to more trading pairs and options while also having opportunities to earn fees and rewards by adding liquidity into ARB token pools through participating in Liquidity Mining programs run by KyberSwap itself. The following ARB pools will be eligible for rewards: Token Pairs ARB-ETH (2%) Apr ARB-ETH (5%) ARB-USDT (2%) ARB-USDT (5%) ARB-KNC (5%). An estimated total of 70k KNC has been allocated as reward incentives with incentives continuing after designation duration is over; this is subject to confirmation at a later date though.
New Fee Tiers Introduced
In order maximize user’s profits further ,Kyberswap also introduced new 2% & 5% fee tiers providing greater flexibility when using these services offered by them .
The introduction of these services alongside other developments such as increasing TVL make it clear that there are huge prospects ahead for both Arbitrum & Kyberswaps users alike who can benefit from all these offerings making it all seem rather exciting !