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forewordL2 BEATIn 2021, while various public chain narratives shine, Arbitrum has been quietly cultivating the development of its core ecology. As Ethereum's Layer 2 network, Arbitrum provides a scalability solution to the expensive mainnet. With its high-speed and low-cost features, and taking into account the security and liquidity of the Ethereum mainnet, Arbitrum has achieved rapid development in ecological construction. When the upgrade of Ethereum 2.0 was postponed again, Arbitrum launched an upgrade of Arbitrum Nitro to make its performance even higher. Recently, a piece of news about Arbitrum’s issuance of tokens has been circulating on social media. Although the news has not yet been officially confirmed, it undoubtedly rekindled the enthusiasm of users to participate in Arbitrum, making it the focus of the market in the past two weeks of sluggish market conditions.
According to the L2 Data websiteReal-time data, as of April 14th, among the four major Layer 2 forces (Arbitrum, Optimism, zkSync, StarkNet), Arbitrum ranked first with a TVL of $3.61B, and even accounted for 56.48% of all Layer 2 TVL, outperform its competitors. It is true that this L2 battle cannot end here, but before the arrival of the Ethereum 2.0 upgrade, Arbitrum's position as the leader of the L2 industry is already difficult to be shaken.Recently, Arbitrum and Project Galaxy launched The Arbitrum Odyssey event (for details, see
Arbitrum Official Medium
iZUMi Finance
) Players can collect 17 free Arbitrum-themed NFTs by participating in various activities and tasks. The Arbitrum Odyssey event includes a voting session. The 56 star protocols deployed on Arbitrum will vote for 14 winners to become part of a series of 17 NFTs.
This article will explore some of the projects nominated in The Arbitrum Odyssey event. Do you want to interact with Arbitrum before issuing coins to seize the opportunity? Hope you can find the answer you want in this article :)
iZUMi Finance is a Uniswap V3 ecological project that provides UniV3-based "programmable liquidity-as-a-service" services for blockchain projects. Users can mortgage UniV3 LP NFT to participate in liquidity mining and obtain iZUMi platform token IZI and other cooperation Incentives for project tokens.
ApeX Protocol
After Uniswap V3 was successfully launched on the Arbitrum network, iZUMi also quickly followed up and successfully implemented support for the Arbitrum network. At present, Arbitrum users can provide liquidity for the USDC/USDT trading pair of UniV3@Arbitrum and obtain liquidity mining rewards with an APR of up to 15%. And it is worth noting that the current USDC/USDT trading pool TVL on UniV3@Arbitrum is $13.72M, but the liquidity provided through the iZUMi platform accounts for 97% of it ($13.32M).
And for Arbitrum users, when choosing low-risk investment products, the USDC/USDT trading pair liquidity mining currently supported on iZUMi has become one of the important options. In addition to its high income, the security brought by iZUMi's non-custodial mode is also an indispensable part. The liquidity funds provided by users through iZUMi will directly enter the Uniswap V3 fund pool. Its security has been tested by the market and time, so the risk is extremely low. It can be foreseen that while the Arbitrum ecology continues to grow, in order to attract and motivate liquidity on the chain, the liquidity mining provided by iZUMi Finance based on UniV3 will be an indispensable part, which will also help the Arbitrum ecology of rapid development.
Another emerging DeFi project worthy of attention in the Arbitrum ecosystem is ApeX Protocol, a decentralized trading platform with a strong background. ApeX is a decentralized, permissionless, non-custodial, and censorship-resistant derivatives protocol that utilizes elastic automated market makers (eAMMs) to create perpetual contract markets for arbitrary token pairs, and provides extremely high capital efficiency . The perpetual contract market is the fastest-growing field in the current DeFi wave, and it will also be the most intense industry competition in the future.
But in the fierce competition, we can spy on the competitive advantage of its team from its investment background. ApeX protocol was incubated by Davion Labs, and has received direct support and investment from top industry investors including Dragonfly Capital Partners, Miranda Ventures, Tiger Global, Jump Trading, Kronos, CyberX, M77 Ventures, etc. Among the current native projects of the Arbitrum ecosystem, ApeX can be said to have the top investment background, which also reflects the unique competitive advantages of its team and the project itself.Bybit Launchpad 2.0ApeX also recently announced its first round of airdrop activities. In addition to rewarding users who have interacted with the ApeX protocol, the remaining airdrop shares will also be provided to users who have interacted with dYdX, Perpetual Protocol, GMX or Deri Protocol , and ApeX, BAYC, MAYC, Doodles, Azuki, Hedgie (dYdX) NFT holders. Users of many decentralized exchanges will receive ApeX airdrop rewards for participating in this event, which will help ApeX rapidly grow its user base and greatly promote the organic development of the platform.
TreasureDAO
TreasureDAOIn addition, ApeX was selected as the
The first project after launch, it allows users to purchase $APEX directly through Bybit Launchpad; in addition, users can also use USDT to draw the distribution rights of $APEX tokens through its lottery mode.
It was originally a derivative product of the Loot project launched based on Ethereum in August 2021, but after community governance, it was decided to transfer the ecology to Arbitrum for development. TreasureDAO also launched Magic tokens in September. Currently, users can use MAGIC tokens to buy and sell TreasureDAO metaverse NFTs in the Treasure market. TreasureDAO has also formulated a series of follow-up metaverse development routes.
YIN Finance
At present, the core product of TreasureDAO is the metaverse game Bridgeworld. Unlike other ordinary blockchain games, Bridgeworld's long-term goal is to become a "bridge" between all different metaverses and NFT projects. MAGIC tokens will also become TreasureDAO Yuan The reserve currency of the universe ecology. And around its metaverse ecology, TreasureDAO has formulated a series of far-reaching plans, including TROVE, an open NFT trading market based on the Arbitrum network, to benchmark the Opensea of the Ethereum ecology and support the development of other NFT and metaverse projects in the Arbitrum ecology.
Although TreasureDAO is still in the early stage of development, its highly cohesive community and excellent core team have become a great support for investors' belief in the development of TreasureDAO. And as the leading project of the metaverse track, I believe that TreasureDAO will also drive the development of the entire ecology of Arbitrum, and continue to cultivate in the direction of the metaverse.
YIN Finance is a multi-strategy NFT liquidity management platform. Users can subscribe to the active management strategy CHI in the contract to achieve effective high-yield liquidity management. It also has functions such as income reinvestment and aggregated liquidity mining. YIN Finance tries to provide proactive liquidity management services on different public chains/DEXs. Accurately provide users with a more independent, more flexible, safer, and lower Gas fee trading environment.
The large TVL and not-low APR undoubtedly provide retail investors and institutions with a stable financial management channel. We are committed to providing liquidity providers with less risk and stable long-term returns. In the long bear market, this is also a boon for users holding a large number of stablecoins.
In the future, YIN Finance is committed to building a decentralized one-stop structured asset management platform, and will launch more products on the Arbitrum mainnet, including mining pools, and more new strategies. Research and development of innovative products is also in progress.
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