With everyone buzzing from the anticipation as Arken Finance unveils its strategic decision to strengthen connections with Viction Chain. Now is time for more groundbreaking initiatives, involving the migration of liquidity and bridged tokens, which marks a significant leap forward for both Arken Finance and Viction’s rapidly expanding DeFi landscape.
Strategic Shift to Viction Chain
In a move designed to fortify Arken Finance’s commitment to supporting Viction’s ecosystem and unlocking growth opportunities, Arken Finance will transition liquidity and bridge tokens to Viction Chain. This comprehensive shift encompasses both liquidity pools and the treasury, ensuring a seamless integration that enhances the overall DeFi experience for users across these dynamic chains.
This strategic move aligns with Arken Finance’s vision of fostering cross-chain collaboration and innovation, paving the way for a more interconnected and accessible DeFi ecosystem.
Incentive Pool Adjustment on Arbitrum
To streamline operations and optimize resources, there will be strategic adjustments on $ARKEN and incentive pool on Arbitrum, ensuring a more focused and efficient deployment of resources in line with Arken Finance’s commitment to providing a secure and user-friendly cross-chain solution.
Incentive Pool on Arbitrum
Arken Finance will be canceling the incentive pool on Arbitrum Chain. This includes the cancellation of veArken on Arbitrum.
- All locked veArken will no longer be eligible to receive rewards.
- Users with locked veArken can withdraw their veArken without incurring any penalties from 13 Jan, 0.00 UTC
Long-term Liquidity Pool on Arbitrum
More tactical refinements are geared towards optimizing operations. The adjustment on the long-term liquidity pool is as follows:
- No new deposit on Long-term liquidity pool on Arbitrum, new users will no longer be able to deposit their $ARKEN in this pool.
- Users with locked $ARKEN in the long-term liquidity pool will continue to receive ARKEN options
Arken Finance is also fine-tuning its token vesting structure for different allocations. The adjustments are as follows:
- Team Allocation: 156 weeks with a 26-week cliff
- Investor Allocation: 156 weeks with a 26-week cliff
- Advisor Allocation: 156 weeks with a 26-week cliff
This carefully calibrated adjustment reflects Arken Finance’s dedication to building a sustainable and robust foundation for its ecosystem, fostering a long-term perspective for both the team and investors.
This shift, driven by a commitment to innovation, collaboration, and long-term sustainability. is set to open up fresh avenues for growth and potential in the constantly changing realm of decentralized finance. Through a shared vision with Viction Chain, optimizing streamlines processes, and refining token vesting mechanisms, Arken is well-positioned to explore exciting horizons. As we venture into this shared path, the outlook for Arken Finance is more promising than ever before.
Viction is a people-centric layer-1 blockchain that provides zero-gas transactions and heightened security, making Web3 accessible and safe for everyone. Along with security features and zero-gas transactions, the fast transaction speed and scalability make Viction a suitable platform for developing products aimed at building a more open and secure world.
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.