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olimpio ⚡️@olimpio·Mar 22

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$ARB is coming TOMORROW 🔵 🦅

A quick guide on how to be prepared:

• how to claim faster

• how to LP

• how to buy/sell/snipe faster

Don't get front-run 🐵 👇

1/12

🐵 CUSTOM RPC

$ARB is launching in Arbitrum One chain.

With the Optimism #1 Airdrop, the network saw a lot of stress and their RPC went down. This could also happen tomorrow.

Solution: create your own RPC endpoint.

2/12

🐵 CUSTOM RPC

In this example, we will be using AlchemyPlatform:

  1. Create an Account 🔗 auth.alchemy.com/signup (free plan, skip when asked for credit card details)

  2. Go to your Dashboard: dashboard.alchemy.com

  3. Click on the "Create app" button at the top right

3/18

🐵 CUSTOM RPC

  1. Create an App for Arbitrum

  2. Get your RPC https URL from Alchemy

4/18

🐵 CUSTOM RPC

  1. Go to MetaMask and add a Custom RPC

  2. For the Custom RPC, enter → your Alchemy URL, Chain ID 42161, ETH as currency, and arbiscan.io as the block explorer

  3. Done ✅

5/18

🐵 ARB PRE-APPROVAL

• How to front-run the opportunity even more?

Pre-approve the contract to take advantage faster and allow @ARB to be traded in exchanges.

This can be done with the most popular protocols (@1inch, @Uniswap)

6/18

🐵 ARB PRE-APPROVAL

• This is $ARB contract: 0x912ce59144191c1204e64559fe8253a0e49e6548 (compare it to 🔗 docs.arbitrum.foundation/deployment-addresses)

• Uniswap V2 & V3 Router:

0x4c60051384bd2d3c01bfc845cf5f4b44bcbe9de5

• 1inch smart contract: 0x1111111254EEB25477B68fb85Ed929f73A960582

7/18

🐵 ARB PRE-APPROVAL

  1. Go to ARB smart contract > Write as Proxy: 🔗 arbiscan.io/token/0x912ce59144191c1204e64559fe8253a0e49e6548#writeProxyContract

  2. Connect your wallet

  3. Spender: Uniswap or 1inch

  4. Amount: in the example, with 20000000000000000000000 you are approving 20,000 ARB to be traded by that smart contract

8/18

🐵 PREPARE ETH FOR GAS

Don't forget to send some ETH in advance to Arbitrum to cover gas fees when claiming.

Use:

• jumper.exchange

• bungee.exchange

(either bridge has a token yet 👀 🪂 )

💡 Gas tracker: pro.nansen.ai/multichain/arbitrum/gas-tracker

9/18

🐵 WHERE TO TRADE - DEX

I get asked a lot about where to trade certain tokens.

This will be useful for any token, not just $ARB.

There are two great tools that let users monitor every blockchain for pools: GeckoTerminal and DexScreener.

10/18

All you need to do is paste ARB's contract in their search bar:

• @GeckoTerminal: geckoterminal.com

• @dexscreener: dexscreener.com

And the websites will display all pools in DeFi that are trading that specific token, with liquidity and price info. 💥

11/18

🐵 WHERE TO TRADE - CEX

This also applies for general tokens. @Coingecko has a great section dedicated to the token's markets.

Go to CoinGecko's $ARB token page 🔗 coingecko.com/en/coins/arbitrum

Scroll down to the bottom, and check “markets”.

12/18

🐵 WHERE TO TRADE - CEX

Confirmed centralized exchanges that will be listing ARB

✅ Binance

✅ Bitfinex

✅ Kucoin

✅ ByBit

✅ OKX

✅ Gate (don't use this one, it's a piece of sh**)

✅ Bitmart

✅ Huobi

✅ Bitget

✅ Bitrue

✅ MEXC (don't use this one, it's a piece of sh**)

13/18

🐵 LIQUIDITY PROVISION

• Uniswap v3 allows single-sided LP.

You could potentially just LP your $ABR airdrop and not risk your "main funds", but your "airdrop" funds.

Why would you do this? To get interest. Transaction fees and APR in the initial launch hours are huge

14/18

🐵 LIQUIDITY PROVISION

• How does single-side liquidity work in Uniswap v3?

LPs can set the liquidity allocation price higher than the current market price if they provide the more valuable token, or lower than the market price if they provide the less valuable token.

15/18

🐵 LIQUIDITY PROVISION

This allows LPs to sell their position if the asset they provided increases in value, or buy more of the other asset if it continues to fall in price.

LP tokens are being replaced with an NFT (ERC-721).

16/18

🐵 LIQUIDITY PROVISION

There is already almost 4M USD in TVL in Uniswap for the ARB pools.

How do they do it? Users are LPing just USDC or just ETH (single-sided). v3 is more complex than v2, watch this video from @finematics to learn more:

🔗 www.youtube.com/watch?v=Ehm-OYBmlPM

17/18

🐵 CLAIMING TIME

• People can claim the airdrop until Sep 23 2023.

• Claiming on the Arbitrum One chain will start when the Ethereum chain reaches block 16890400. That is on Thursday, in around 13 hours:

🔗 etherscan.io/block/countdown/16890400

Monitor the link to be ready

18/18

I hope this helps you learn a thing or to, and have an edge against the general market when deciding what to do with your airdrop.

⚡️

Post by @olimpio.lens