$ZYB Price Doubles as Zyberswap to Distribute $ARB Airdrop to Community

After Arbitrum announced the $ARB airdrop, Zyberswap, a DEX on Arbitrum, announced it will give all of its airdropped $ARB to its community. Users who deposit $ZYB in the 90-day vaults will be rewarded both $ZYB and $ARB.

Inspired by the announcement, $ZYB enjoyed a significant surge. According to TokenInsight data, the price of $ZYB went up by 104.95% over the last 24 hours, trading at $5.4427 now.

In addition, Zyberswap announced integration with liquidity management protocol Gamma yesterday, which will actively manage liquidity for two Zyberswap V3 pools, ZYB/ETH and USDT/ETH.