• KyberSwap announces $ARB token liquidity pools, Liquidity Mining and Trading Campaigns on Arbitrum.
• Eligible users are set to receive airdrop of the new governance token $ARB on 23 March 2021.
• KyberSwap is introducing new 2% and 5% fee tiers, which exceeds their current highest offering of 1%.
KyberSwap Introduces ARB Token Liquidity Pools
KyberSwap, a leading decentralized exchange (DEX) aggregator and liquidity platform, has announced the launch of 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 will help to catalyze significant liquidity inflows, thus increasing total value locked (TVL) and providing more earning opportunities in the rapidly growing Arbitrum ecosystem.
$ARB Airdrop for Eligible Users
On March 16th 2021, Ethereum Layer 2 scaling solution Arbitrum announced plans to distribute a new governance token, $ARB, to its eligible users as part of its transition. This airdrop is estimated to go live on march 23rd 2021 and is set to be one of the biggest airdrops in crypto history. KyberSwap was among the protocols whose users bridged over to Arbitrum and conducted swaps on the platform thereby becoming eligible for this airdrop.
Increased Liquidity Options & Rewards
With the launch of these liquidity pools, users will now have access to more trading pairs with increased options for liquidity providers who can earn fees and rewards by adding liquidity to these $ARB pools or participating in Liquidity Mining programs by KyberSwap. An estimated total of 70,000 KNC are allocated as reward incentives with token pairs such as ARB-ETH (2%), ARB-ETH (5%), ARB-USDT (2%) and ARB-KNC (5%) eligible for farming rewards.*Incentives may continue after the designation duration is over; to be confirmed at a later date.
New Fee Tiers
Kyberswap has introduced new 2% & 5% fee tiers which exceed their current highest offering of 1%. These new fee tiers provide opportunities for farmers to benefit from high volatility & trading volume during price discovery phase after airdrop & achieve superior returns along with farming rewards.
With these highly anticipated yield farms & other initiatives announced by Kyberswap ,the project is poised serve arbitrums needs for increased liquidity options & unlock greater potential in terms of trading volume & return potential .