Are you ready for the biggest airdrop in crypto history?
The crypto world was absolutely buzzing when Arbitrum announced their plans for an $ARB airdrop. This governance token is a crucial component of Arbitrum’s move towards a self-executing governance system, and finally gives us the native token we’ve all been waiting for on the fast-growing L2 scaling solution.
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.
This airdrop, scheduled to go live on 23 March, is set to be one of the biggest airdrop in crypto history, with its ecosystem users vying for eligibility by earning points through a set of tasks.
Did you know?
KyberSwap was among the protocols whose users bridged to Arbitrum and conducted swaps on the platform, thereby becoming eligible for the $ARB Airdrop.
And now, KyberSwap is excited to announce that to commemorate this long-awaited airdrop, Kyberswap will be launching the first-ever $ARB token liquidity pools, liquidity mining, and trading campaigns on the Arbitrum Chain, giving our users more earning opportunities!
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 liquidity mining programs by KyberSwap.
The following $ARB pools will be eligible for liquidity mining rewards:
*Last updated 3.04.23
|Duration||Token Pair||KNC Incentives|
|3 Apr – 3 May||ETH-ARB 0.25% *new||15,000|
|3 Apr – 3 May||ETH-ARB 0.04% *new||15,000|
|3 Apr – 3 May||ARB-USDC 1%||15,000|
|3 Apr – 3 May||ETH-ARB 1%||15,000|
|24 Mar – 3 May||ETH-ARB 2%||20,000|
|3 Apr – 3 May||ETH-ARB 5%||12,000|
|24 Mar – 3 May||ARB-USDT 2%||20,000|
|3 Apr – 3 May||ARB-USDT 5%||12,000|
|24 Mar – 3 May||ARB-KNC 5%||10,000|
*Incentives may continue after the designation duration is over; to be confirmed at a later date.
Greater Flexibility with new Fee Tiers
With these highly anticipated yield farms, KyberSwap is introducing new 2% and 5% fee tiers, which exceeds our previous highest offering of 1%. 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.
These pools offer superior returns in addition to the farming rewards, and as a liquidity protocol that has been seamlessly integrated by multiple DEXs and aggregators, KyberSwap is well poised to serve the trading needs of the entire chain not found with other competitors.
“We are excited to launch the first ever $ARB liquidity mining pools,” said Victor Tran, CEO and Co-founder of KyberSwap. “These farms will mark the beginning of an extensive Arbitrum-centered campaign KyberSwap has planned, and we will announce more rewards and activities soon for both LPs and traders. Additionally, traders can set their prices to purchase or sell $ARB with our limit order function and swap at the optimised rates with our aggregator.”
According to Nansen, Arbitrum was the one of the fastest-growing blockchain in 2022 with more than $1.1 billion locked in its ecosystem and a rapid increase in transactional volume, this layer-two scaling solution gained massive traction during the year.
*Source: Arbitrum Active Addresses/Transactions
The $ARB token liquidity pools, liquidity mining, and trading campaigns are set to go live on KyberSwap soon, with further details and instructions to be provided on our Twitter and on kyberswap.com.
Depending on the success of $ARB trading volume, we’re also planning additional rewards post-launch for traders and liquidity providers which may include $ARB and $KNC airdrops, and commemorative NFT rewards. This will be confirmed at a later date, so stay tuned to our announcements so you don’t miss out!