ββββββ 91%
$ARB is coming TOMORROW π΅ π¦
A quick guide on how to be prepared:
β’ how to claim faster
β’ how to LP
β’ how to buy/sell/snipe faster
Don't get front-run π΅ π
1/12
π΅ 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
π΅ CUSTOM RPC
In this example, we will be using AlchemyPlatform:
Create an Account π auth.alchemy.com/signup (free plan, skip when asked for credit card details)
Go to your Dashboard: dashboard.alchemy.com
Click on the "Create app" button at the top right
3/18
π΅ CUSTOM RPC
Create an App for Arbitrum
Get your RPC https URL from Alchemy
4/18
π΅ CUSTOM RPC
Go to MetaMask and add a Custom RPC
For the Custom RPC, enter β your Alchemy URL, Chain ID 42161, ETH as currency, and arbiscan.io as the block explorer
Done β
5/18
π΅ ARB PRE-APPROVAL
β’ 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
π΅ ARB PRE-APPROVAL
β’ This is $ARB contract: 0x912ce59144191c1204e64559fe8253a0e49e6548 (compare it to π docs.arbitrum.foundation/deployment-addresses)
β’ Uniswap V2 & V3 Router:
0x4c60051384bd2d3c01bfc845cf5f4b44bcbe9de5
β’ 1inch smart contract: 0x1111111254EEB25477B68fb85Ed929f73A960582
7/18
π΅ ARB PRE-APPROVAL
Go to ARB smart contract > Write as Proxy: π arbiscan.io/token/0x912ce59144191c1204e64559fe8253a0e49e6548#writeProxyContract
Connect your wallet
Spender: Uniswap or 1inch
Amount: in the example, with 20000000000000000000000 you are approving 20,000 ARB to be traded by that smart contract
8/18
π΅ PREPARE ETH FOR GAS
Don't forget to send some ETH in advance to Arbitrum to cover gas fees when claiming.
Use:
β’ jumper.exchange
β’ bungee.exchange
(either bridge has a token yet π πͺ )
π‘ Gas tracker: pro.nansen.ai/multichain/arbitrum/gas-tracker
9/18
π΅ 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:
β’ @GeckoTerminal: geckoterminal.com
β’ @dexscreener: dexscreener.com
And the websites will display all pools in DeFi that are trading that specific token, with liquidity and price info. π₯
11/18
π΅ 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 π coingecko.com/en/coins/arbitrum
Scroll down to the bottom, and check βmarketsβ.
12/18
π΅ WHERE TO TRADE - CEX
Confirmed centralized exchanges that will be listing ARB
β Binance
β Bitfinex
β Kucoin
β ByBit
β OKX
β Gate (don't use this one, it's a piece of sh**)
β Bitmart
β Huobi
β Bitget
β Bitrue
β MEXC (don't use this one, it's a piece of sh**)
13/18
π΅ LIQUIDITY PROVISION
β’ 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
π΅ LIQUIDITY PROVISION
β’ 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
π΅ 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
π΅ 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:
π www.youtube.com/watch?v=Ehm-OYBmlPM
17/18
π΅ CLAIMING TIME
β’ People can claim the airdrop until Sep 23 2023.
β’ Claiming on the Arbitrum One chain will start when the Ethereum chain reaches block 16890400. That is on Thursday, in around 13 hours:
π 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.
β‘οΈ
How to get $VELA Airdrop β‘οΈ
@vela_exchange is a perpetual DEX on beta.
They confirmed an airdrop to beta testers. πͺ
Here's how to position yourself for potential rewards π§΅
1/6
What is @vela_exchange?
β’ A self-custody perp exchange β’ Launched in Mainnet this week β β’ Raised 2.1M from various rounds β’ Previously called Dexpools ($DXP). It rebranded as Vela
2/6
Features
β’ Forex: up to 100x leverage β’ Crypto: up to 30x leverage β’ Incentives for LP/traders
Product-market fit?
After the FTX collapse and a decline in trust in centralized institutions, decentralized perps have a chance to break through
3/6
What about their $VELA token?
β’ VELA is already trading dexscreener.com/arbitrum/0x4c0a68dd92449fc06c1a651e9eb1dffb61d64e18
β’ Airdrop was also confirmed to beta testers
4/6
Beta Timeline
β’ January 31st: Early Access Round 1 (for OGs) β’ February 3rd / 7th: Early Access rounds 2 and 3 β’ February 9th for open beta access β (open to everyone) β’ February 14th for the end of Hyper VLP
5/6
How to potentially get $VELA πͺ
Beta participants have a good chance to get a $VELA airdrop. Although it is probably diluted, it might still be worth it.
Vela NFTs
They gave their 2nd NFT collection to attendants of their last AMA. There is a third NFT coming somewhere
6/6
What to do now?
Sign-ups are closed at the moment, but they will open soon, on Feb 9.
I'd stay alert to π app.vela.exchange and to their discord for when they announce. Keep tabs!
Full announcement: π medium.com/@vela_exchange/vela-exchange-monthly-update-january-2023-7485faa63109
β‘οΈ
New ZK-rollup Testnet: Taiko β
3 days ago TaikoXYZ announced their Alpha Testnet.
Tutorial: INTERACT and run a NODE with Taiko Testnet and get a POAP!
𧡠How to position yourself for $TKO airdrop, if it happens:
1/6
What is Taiko?
It's a Type 1 (Ethereum-equivalent) ZK-EVM.
Another Layer 2 scaling solution for Ethereum, like zkSync and Starknet
β’ Founded by the former CEO of Loopring
β’ They claim they are "well funded". List not public yet
In-depth info: π taiko.xyz/docs/intro/faq
2/6
TOKEN CONFIRMED: Their token will be called $TKO
β’ Although the fees are paid in ETH, block proposers get revenue for burning $TKO and paying ETH to Ethereum L1 Validators
β’ Mechanim: TKO will be minted to reward proof verification by block provers
3/6
What's the current stage of the project?
3 days ago, Taiko announced their Alpha-1 Testnet, called "Snæfellsjâkull". Deploying on mainnet in 2023!
We can interact with Alpha Testnet right now.
Strategy below π
4/6
TESTNET STRATEGY
STEP 1: Get faucets tokens
β’ l1faucet.a1.taiko.xyz
β’ l2faucet.a1.taiko.xyz
STEP 2: Bridge tokens from ETH-A1 & Taiko-A1
β’ bridge.a1.taiko.xyz
STEP 3: Deploy smart contract tutorial: youtu.be/wlSCIoI9Nho (shoutout to Kethic community member)
STEP 4: Run a node. Here is a tutorial below π
Links in the tutorial so you can copy-paste:
β’ docs.docker.com/desktop/install/windows-install/
β’ github.com/taikoxyz/simple-taiko-node.git
Here is the discord message directly (shoutout to Luuk community member): discord.com/channels/984015101017346058/997607633383067729/1058359118940885062
STEP 5: Don't forget to send tokens to your friends (regular transactions)
STEP 6: Submit any feedback here: github.com/orgs/taikoxyz/discussions/new?category=feedback&title=Testnet%20feedback%20form&body=%23+Friction+log%0D%0A-+TODO%0D%0A%0D%0A%23+Other+notes%0D%0A-+TODO%0D%0A
More details: π taiko.xyz/docs/alpha-1-testnet/start-here
5/6
π‘ Alpha: you'll be able to claim a POAP (in February 2023) for completing a minimum of 2/3 tasks before Jan 31st, 23:59 UTC.
Tasks:
Using the bridge (mentioned above)
Send transactions between wallets
Interact with contracts (or deploy one)
6/6
Will there be an airdrop? πͺ
There is no information about any airdrops or eligibility criteria yet. We should stay tuned for it if the decide to announce it.
In the mean time, doesn't hurt to interact and earn that POAP while we are still early!
β‘οΈ