👉👉👉 Get Ready for a DeFi Summer: #Synthetix ’s 2 Million $ARB Giveaway Heats Up on Arbitrum
Synthetix, a leader in decentralized finance (DeFi), is expanding its presence on the Arbitrum network, a pivotal step in its evolution. This move is part of the Arbitrum Liquidity Incentive Program (LTIP), spanning 12 weeks until September 3rd, supported by 2 million ARB tokens. The initiative aims to boost liquidity, promote stablecoin adoption, and optimize the Perpetual Contracts (Perps) trading environment on Arbitrum.
Synthetix is renowned for its decentralized derivatives infrastructure, powering over 80 derivative markets through its proprietary Synthetix Perps system. Notably, Synthetix has facilitated over $50 billion in trading volumes and introduced delta-neutral liquidity provision, distributing more than $25 million in trading fees to participants.
Utilizing ARB Rewards for Ecosystem Growth
The 2 million ARB tokens will be strategically distributed as follows:
- 1,000,000 ARB allocated for liquidity provider incentives to stimulate trading activity.
- 900,000 ARB set aside for trading fee rebates, offering up to 75% discounts on fees paid.
- 100,000 ARB dedicated to bolstering #stablecoin liquidity, emphasizing their crucial role in sustainable DeFi models.
Participants can engage in various beneficial activities under this program. Liquidity providers can deposit #USDC✅ , $ETH , ARB, and soon Ethena USDe into Synthetix pools. Additionally, supplying liquidity to USDx/USDC pools on Ramses, a prominent Arbitrum DEX, will soon be possible.
These initiatives, including new Perps trading options, present compelling opportunities for active participants in the perpetual derivatives trading sector to join as launch partners. By integrating with supported platforms, participants can earn fee rebate rewards, fostering engagement and volume growth.
Source - blockchainreporter.net