Original author: 0x711&wzp, BlockBeats
Arbitrum Odyssey's first week of cross-chain bridge activity has ended, and the official has summarized relevant data on its social platform:
Over 43,000 ETH transferred to Arbitrum;
More than 150,000 new addresses created;
The number of daily transactions exceeds 280,000.
In addition, since the transaction data of some agreements are still being counted, the final winning agreement of the cross-chain week and the additional NFT rewards will be officially announced after the statistics are completed.The first week of Arbitrum Odyssey event NFT is open for collection, and the collection time is until August 23, and the address can be found in the link at the end of the article.
The second week of the event officially started at 1 am on the 29th, Beijing time. Starting from this week, there will be two Arbitrum ecological projects participating in the weekly event. Users who meet the task requirements can get relevant NFT rewards. Each project reward It is calculated separately and has no association. Users can participate selectively according to their preferences.
According to the information from the community and the chain, due to the high enthusiasm of everyone to participate in the activities, the GAS on the Arbitrum chain is relatively high in certain periods of time, and the highest can reach 0.02 ETH. Since the event lasts for a week, it is recommended that users choose staggered interaction to save costs.
The protocols participating in the event this week are Yield Protocol, a fixed-rate lending protocol, and GMX, a decentralized trading platform. According to Arbitrum's official information, BlockBeats organizes interaction requirements as follows:
Yield Protocol
The Yield Protocol task requires one of the following:
Provide liquidity of no less than $50 in assets for any maturity series;
Lend not less than $50 of assets to any maturity series;
image description
Protocol interaction interface, note that the lower right corner needs to adjust the network to Arbitrum
Users can withdraw assets at any time without waiting for the maturity date.
After completing one of the above operations, after the end of the second week, you will be eligible to claim the "Arrival on the Penumbra" NFT.
GMX
GMX tasks need to do all of the following:
1. Margin trading;
2. Become a liquidity provider on GMX (mint GLP);
image description
Protocol interaction interface, adjust the transaction mode in the upper left corner
Note that GMX's contracts have a minimum price of $10 when leveraged trading is enabled, and Minting GLP has a 15-minute cooldown before you can withdraw liquidity. These are security mechanisms of the platform that have existed since the inception of the protocol and have nothing to do with Odyssey activities.
After completing all the above operations, after the end of the second week, you will be eligible to claim "The Blueberry Nebula" NFT.
Related Links
Related Links
Yield Protocol official website：
app.yieldprotocol.com/borrow
Yield Protocol Official Tutorial：
https://medium.com/@andy_zhu/guide-to-arbitrum-odyssey-week-2-yield-protocol-1e58eccb20cb
https://gmx.io/
https://medium.com/@gmx.io/gmx-arbitrum-odyssey-fc12cba2d10d
Odyssey NFT collection address：
https://galaxy.eco/arbitrum
