Can someone explain $ARB, $ARBY, and $ARB100?

I recently came across the following arbitrage & liquidity pool ecosystem.

$ARB: arbitrageloop (dot) com
$ARBY: babyarb (dot) com
and $ARB100.

It seems like they are all connected and ultimately generating passive SOL rewards for holders by arbitraging trading bots and from the generated pools volume.

Just curious to see if anyone has any experience and stories about the whole tek.

I am personally very intrigued and interested in the idea of arbitraging and pool taxes.

It seems well-thought out and I have not seen something like this, the whole “more pools, more arbitrage bot trades, more volume, more rewards” system! Can someone explain?

Here are their CAs so we are on the same page.

$ARB: EDcdVtzW4HG7Xtg5yH3RbzMEyfudg63RmZgdXpQFUk3s
$ARBY: JDFAH8wc2hjsbV9651fQLBo8jUpoT5LVFQkE1gBtqREV
$ARB100: 8d4J2ShZDnRAxF7BuJD8boJfr5VLNTSNBAonAkPRw9gF

https://preview.redd.it/il5m6a57jesf1.jpg?width=2048&format=pjpg&auto=webp&s=e0597a8e6b0717ba3d752c00582dd889f9b0e138