Arken Announcing a $150K Plan for $ARKEN Revenue Buyback & Liquidity Improvement
Hello Arkeners!
Arken Finance would like to announce our plan to buy back $ARKEN from the market pool for a total maximum of $100K & provide another $50K liquidity in April 2023, funding from our swap fee revenue and other necessary top ups.
The goal of this revenue buyback campaign is to create a more robust and valuable token economy that benefits $ARKEN holders. With more users using Arken, we are contributing to a common goal of increasing the overall value of $ARKEN and strengthening our platform. Every trade made on Arken will help generate revenue that can be used to support this initiative.
First, a buyback program. Arken pledges to buyback $ARKEN from the market pool with a total of $100K USDC. The repurchase plan will be happening within the course of 3 weeks in April 2023.
Buyback Mechanics & Conditions
Here are the details & conditions for the upcoming $ARKEN buyback.
Buyback Detail:
- Month: APRIL 2023
- Buyback Duration: within 3 weeks, starting 11 Apr 2023
- Buyback Amount: 100,000 USD
Note: Please be noted that there may be multiple transactions to achieve the total buyback amount during the month. The detail of the precise time and date of buyback activities will not be disclosed to prevent exploiting front runs. But once each buyback is executed, a public announcement will follow.
How Will $ARKEN Holders Benefit From the Buybacks?
Every trade made on Arken will help generate revenue that can be used to support this initiative for the next month. Active buyback from Arken Finance will strategically reduce the supply of existing $ARKEN in the market, resulting in benefits to all token holders directly.
If you haven’t swapped yet, head over to https://swap.arken.finance/ and test out the product today!
Liquidity Improvement Plan
Buyback program is one of many upcoming initiatives designed for the ARKEN community. The second part to the April 2023 initiative is to increase the liquidity. At Arken Finance, we understand the importance of sustainability in the long run. That’s why we’re committed to providing $50K more liquidity within April 2023.
Our goal is to achieve more than 300k in liquidity in the long run, which will not only ensure the stability of $ARKEN but also create a more robust trading environment for our users.
We’re constantly working to improve and enhance our services, please stay tuned for more updates!
About Arken Finance
Arken Finance is the Abstraction Layer for DeFi Protocols & User Experience. Arken helps abstract the complexity and unified liquidity and protocols to accelerate software development, making it easier for developers to build and create. On the user side, Arken provides the best user experience abstraction into a single user-friendly system over multiple networks, thousands of protocols, and millions of liquidity pools to make the transition to DeFi easy and painless.
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